Sequent Software has launched the first Token Service Platform (TSP) to support all types of cards including credit, debit, prepaid and access control credentials. Compatible with all major credit and debit card networks, Sequent Token Service Platform allows banks to deploy a single solution to support their entire credit and debit card portfolio plus profitable private label and prepaid cards.
Toronto-based GoldMoney has ankled Katie Sokalsky, CPA, CA, as Chief Financial Officer, and Kate Millington as General Counsel of GoldMoney. GoldMoney also completes the previously planned addition of James Turk and Hector Fleming to the board of directors.
Capital One’s third quarter earnings were relatively good as the company delivered a 1.43% return on average assets (ROAA), up from the sequential quarter which was impacted by a large restructuring charge, but down 8 basis points from the year-ago quarter.
Mozido has unleashed its new host card emulation (HCE) product, Mozido HCE. Additionally, Taiwan Mobile Payments. (TWMP) has chosen Mozido as provider for its HCE and tokenization services to its consortium of 27 Taiwanese banks and financial institutions.
Iris recognition for phones, PCs and payments continues to gain more traction as the arrows NX F-02H launched by NTT DOCOMO is now incorporating CA-based Delta ID’s ActiveIRIS for biometric authentication.
Charge-offs among the nation’s top four U.S. issuers dropped 15 basis points (bps) year-on-year (YOY) to 2.68%, and down 20 bps sequentially for the third quarter. Citibank has done the best job of reigning in card losses, dropping 44 bps from Q2/15 and 41 bps YOY.
Average early stage delinquency (30+ days) for the third quarter, among the nation’s top four issuers, edged up by 15 basis points (bps) sequentially, but dropped year-on-year (YOY) by eight bps. All of the top issuers posted higher delinquency for the quarter, according to CardData.
In today’s CardFlash News Que: MERCATOR (smartphones); Creditcall (EMV); CAPRA (NACS); and SYNCHRONY (Money 20/20).
FL-based FIS is expanding financial inclusion by supporting microfinance institutions across India. FIS Banking on Demand, is an innovative, hosted solution that enables small banks, payment banks and microfinance institutions to deliver banking capabilities to their customers without the expense and time associated with building out traditional banking infrastructure.
Atlanta-based Bluefin Payment Systems has teamed USAePay. The partnership will further enhance data security for companies using the USAePay gateway through with the addition of Bluefin’s Decryptx PCI-Validated Point-to-Point Encryption (P2PE) service, which protects consumer payment data in transit.
Australia’s Lending Works is now offering higher standards in ID fraud protection, while streamlining onboarding and improving operating efficiency. AU10TIX BOS is the first and only 2nd generation ID authentication and record generation technology on the market today.
VT-based CONIX Systems has unleashed TCMx, which integrates bank settlement of all payment types across all payment channels. TCMx provides both monitoring and settlement for check, ACH, mobile, RDC, image exchange, wire, and other payment systems, including return items and adjustments.