China UnionPay this week held the Conference on Regional Cooperation in Eastern Europe and Central Asia. Senior managers of dozens of major institutions in the region participated in the conference, including heads of People’s Savings Bank of Kazakhstan, Kazakhstan Commercial Bank, Kazakhstan Central Bank and Russian Agricultural Bank.
MasterCard has launched Safety Net in Europe to reduce the impact of cyberhacking of banks and processors. It is designed to use the power of MasterCard’s global network, to identify unusual behavior and potential attacks – often, even before the bank or processor is even aware.
Barclaycard US has inked an extension on their co-branded credit card agreement under which Barclaycard issues the priceline.com rewards Visa card. Barclaycard US is the fastest-growing top 10 U.S. credit card issuer.
Synchrony Financial reported Q3/15 revenue increased 9% year-on-year (YOY) to $2.7 billion while net earnings came in at $574 million, compared to $548 million for 3Q/14. Loan receivables grew $7 billion, or 12% YOY to $64 billion. Purchase Dollar Volume (PDV) increased 12% for the third quarter.
In today’s CardFlash News Que: SYNCHRONY (FRB); PIVOTAL (Breeders); CSI (IOFM); and TECHNAVIO (india).
Dai Nippon Printing (DNP), a NFC technology supplier and solution provider for financial institutions in Japan, has inked Gemalto to provide its mobile payment solutions to DNP.
Frankfurt-base Software AG (SAG) has inked NJ-based PayCommerce to use SAG’s Digital Business Platform to expand its world-class cross-border payments network. The global payments pro faster and more secure payment solutions: business-to-business (B2B), business-to-consumer (B2C), consumer-to-business (C2B) and global disbursements and collections.
PA-based FreedomPay’s Commerce Platform has been approved as a payment gateway for EMV on First Data. FreedomPay’s EMV certification combined with P2PE enables merchants to adopt advanced payment security at the point of sale.
A new report suggests the U.S. commercial credit card market continues to demonstrate positive growth despite recent corporate economic challenges and increased levels of investment in corporate payable solutions.
Dallas-based GIACT Systems, provider of real-time data for payment risk analysis, has hired Jeff Givens as executive vice president of sales. The longtime technology industry veteran will lead GIACT’s sales organization as well as develop strategic partnerships and channel sales.
Merchant Customer Exchange (MCX) reports the company’s mobile payment platform, CurrentC, is now available for use at participating Kmart, Sam’s Club, Sears and Walmart locations around Columbus, Ohio, as part of an expanding beta in that city.
New stunning research shows the average estimated price for stolen credit and debit cards: $5 to $30 in the United States; $20 to $35 in the United Kingdom; $20 to $40 in Canada; $21 to $40 in Australia; and $25 to $45 in the European Union. Also, bank login credentials for a $2,200 balance bank account selling for $190.