The non-profit trade association dedicated to the advancement of electronic payments and electronic commerce has added EyeLock, a marketer of iris-based identity authentication solutions, to the Board of EFTA members.
PSCU credit unions have saved more than $100 million in declined fraud transactions over the past 12 months. Industry-wide, credit unions have incurred expenses from card reissuance and fraud totaling $87.4 million between the Target and Home Depot breaches.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Robert Carr, Chairman and Chief Executive Officer of Heartland Payment Systems (HPS).
Staples has rolled-out a world-class platform that makes it easy for suppliers to offer products to Staples customers. Staples Exchange, Staples’ new e-commerce platform for vendors, features user-friendly dashboards with real time and historical reporting.
Mobile phone and tablet users will make 195 billion mobile commerce transactions annually by 2019, up from 72 billion this year. The highest net increase in transaction volumes will occur in the digital goods sector, fueled by a surge in micro-payments for in-app purchases, notably within arenas such as social gaming.
The Bitcoin disruption to Western Union and Xoom paradigms are real as Bitcoin continues to thrive. Bypassing the expensive fees and onerous regulatory requirements of international correspondent banking channels, the backbone of global money transmission today, Bitcoin-backed remittance evangelists claim they will both do good and make a profit.
Global specialty bebe stores says it recently was successful in blocking an attack on its computers that operate the payment processing system.
The Commodity Futures Trading Commission (CFTC) has approved the National Futures Association (NFA) prohibition of credit cards to fund retail Forex accounts.
Centre Des Monuments Nationaux (CMN), which conserves and restores historic monuments in France has inked a deal with JCB International (JCBI). The partnership will support the CMN’s development of digital tools for the iconic World Heritage sites such as the Arc de Triomphe and Villa Cavrois, which will open its doors in June 2015.
The Cambodian cards and payments industry, including debit and credit cards is soaring by a compound annual growth rate (CAGR) of 26.31% since 2009.
NY-based Shield Cards says it is currently manufacturing a new method of protection that does not necessitate replacing the user’s wallet or passport holder. Shield Cards are lightweight, economical, and can fit in any wallet or card carrier.
The world’s largest bitcoin payment processor has integrated with a mobile investment platform available worldwide. The deal between BitPay and DriveWealth will become the first financial services company to allow users to fund their account with bitcoin.