San Francisco-based NerdWallet has elected Simon Williams to its board of directors after he ponied up a $5 million investment from his Camelot Financial Capital Management. The funding brings the company’s Series A funding to $69 million.
Visa’s CyberSource has unveiled Decision Manager Replay, the industry’s first fraud tuning analytics tool which allows merchants to quickly analyze and adjust their online fraud management strategies.
Severely delayed debts sold-off to debt collection agencies will have minimal impact on consumer scores and will not impact the predictiveness of VantageScore 3.0 credit scores.
Yandex.Money, the largest payment service in Russia, has teamed with MasterCard. The Yandex.Money e-wallet and MasterPass are now connected and Yandex.Money users can do shopping on foreign sites where MasterPass is accepted – that is over 250,000 online stores across 24 countries.
China’s UnionPay International and Bank of China Singapore Branch are teaming to issue the first UnionPay platinum debit card in Singapore. Previously, Bank of China Singapore Branch had issued quite a few UnionPay credit card products.
Purchase Dollar Volume (PDV) for Visa, MasterCard, Discover and American Express U.S. debit cards is expected to reach $2.67 trillion annually by year-end 2019. According to forecaster RAM Research, the U.S. PDV for the U.S. debit card industry is currently growing at a CAGR of 7.70%.
Discover’s credit card outstandings continued strong in the third quarter rising 3.7% as Purchase Dollar Volume (PDV) rose 2.7%, year-on-year (YOY). While all other credit card metrics remained stable, overall net income for Q3/15 declined 5.0% YOY to $612 million.
In today’s CardFlash News Que: STASH (APS); ACI (Ovum); GAMESTOP (rewards); and RADIOSHACK (iTunes Pass).
CellPoint Mobile’s new Travel Bank mWallet enables airlines to manage a range of passenger payments and transactions quickly and cost-effectively, including third-party mobile-wallet payments such as Apple Pay, MasterPass, Visa Checkout, Android Pay and Amex Express Checkout.
FICO says 100 million consumer accounts in the U.S. now have regular access to FICO Scores for free. The FICO milestone was achieved less than two years after the FICO Score Open Access program launched.
For the first time, Chase eligible co-branded credit cards, Marriott Rewards® and United MileagePlus, are coming together to offer double the rewards on respective purchases this holiday season with ‘Double Stay, Double Go.’
Sri Lanka’s National Savings Bank (NSB) and MasterCard have inked a deal to deploy MasterCard Expert Monitoring Solutions (EMS) with Real-time Fraud Scoring Service.