New Tool Monitors Consumer Lending to Forecast Potential Future Risks

The Consumer Financial Protection Bureau (CFPB) has introduced Consumer Credit Trends, a web-based tool to help the public monitor developments in consumer lending and forecast potential future risks. The beta version of the tool covers the mortgage, credit card, auto loan, and student loan markets. The first Consumer Credit Trends release shows a sharp uptick…

Opal Smart Card Ticketing System Future-Proofed for Open Loop Payments

Cubic is launching a trial, in early 2017, of an open loop payments ticketing technology to Sydney, Australia’s largest city. Cubic Transportation Systems inked a contract worth US$7.6 million, or AU$10.2 million, from Transport for New South Wales (TfNSW) for the trial. The trial will allow Sydney commuters of participating payment schemes to tap their…

TSYS Fixture Bill Pruett Heads to Retirement as Gaylon Jowers Takes the Reins

TSYS confirmed the retirement of William Pruett as Senior Executive Vice President and President of TSYS’ North America Services segment, effective April 1st. A 40-year veteran of TSYS, Pruett started his career in the merchant area at Columbus Bank and Trust in 1976, and in 2011 assumed leadership of TSYS’ largest reporting segment. Under his…

NFC and EMV Come Together for Standards in Public Transportation eTicketing

The NFC Forum has issued a new update of its Certification Program and white paper providing the Public Transport industry and device makers with the information and the assurance they need to deploy NFC-enabled smartphone eTicketing services with confidence. The publication of the NFC-enabled e-Ticketing in Public Transport: Clearing the Route to Interoperability white paper…

Credit Cards Play a Vital Role in Small Business Survival & More So in 2017

Four out of five small businesses have a positive outlook and expect 2017 to be a good time to borrow funds to invest in their businesses. Nearly all have some type of business account with a financial institution including eight out of ten who have a business credit or charge card. Mercator Advisory Group fielded…

Major Sub-Prime Credit Card Issuer Erects a New Headquarters in Las Vegas

Credit One Bank, one of the nation’s top sub-prime credit card issuers, broke ground on its new headquarters in Las Vegas. Scheduled to be operational by the end of 2017, the new headquarters can accommodate up to 500 new jobs, including technical, analytical and marketing positions. Credit One Bank offers a range of full spectrum…