The U.K.’s MBNA kicked off a new brand advertising campaign tp celebrate the backroom boffins who take enormous pride in being good with customers’ money.
Cyber security specialist WISeKey has made available its Cryptographic Root of Trust to Japanese IoT manufacturers and Chipmakers allowing them to add digital certificates on their chips at the hardware level to encrypt the communication and authenticate the devices.
PA-based Datacap Systems has completed US EMV level 3 certification with FL-based Sterling Payment Technologies and released an EMV-capable version of NETePay available for download immediately. NETePay for Sterling provides hundreds of point of sale providers with the ability to deliver US EMV functionality via an evolving list of PIN Pads through a simple out-of-scope interface.
Companhia Brasileira De Servicos De Marketing, operator of Brazil’s dotz loyalty program, in which Alliance Data System’s LoyaltyOne holds a sizeable equity stake, has expanded into the metropolitan area of Rio de Janeiro, with a population of 6.3 million and the second-largest city in Brazil.
Giesecke & Devrient (G&D) has become the provider of the embedded smart card chip and the operating system to enable the first contactless payment watch in China, Bellamy, by the Swiss watchmaker Swatch.
Germany’s Wincor Nixdorf reports fiscal year net sales totaled €2,427 million, down 2% on the prior-year figure. Talks of a merger with U.S.-based Diebold also continue on track.
Like the U.S. consumer U.K. spending is heating up +2.1% on an annual basis, up from a +1.9% rise in September, and the strongest annual rate of growth for three months. Spending also rose slightly on the quarterly and monthly spending measures in October.
American consumers continue in a buying mode after ratcheting up revolving credit by $6.7 billion or 8.7% year-on-year (YOY) in September.
Total revolving credit for September posted at $925.2 billion, compared to $918.5 billion in August, and $914.5 billion in July.
Charge-offs among the nation’s top 6 issuers inched up 8 bps year-on-year (YOY) to 2.65% for the third quarter, but down 15 bps sequentially, according to CardData. Citibank has done the best job of reigning in card losses, dropping 44 bps, compared to 2Q/15.
In today’s CardFlash News Que: MASTERCARD (Legends) and WESTERN UNION (Chain of Betters).
More than 70% of consumers whose bank offers a mobile app have downloaded it, an increase of 7% compared to 2014. Those in the 18-24 year-old range have the highest adoption rate at 93%, but there are increases across all age groups.
FL-based MagicPay Merchant Services has announced a program to place free EMV terminals with merchants who do not currently have one. With this new program, any merchant that applies for a merchant account with MagicPay, and that does not yet have an EMV terminal, will receive one at no cost.