Financial institutions must make the best use of prospects’ time and onboard them as painlessly as possible, and going beyond imaging to capture prospects’ information eliminates one more step in the mobile account opening process.
A new survey shows lower income respondents were more likely to lack knowledge of EMV cards than those in higher income brackets. Nearly 60% of consumers with an income of $25,000-$49,999 were unaware of EMV cards. However, only 26% of the highest income cohort ($150,000+) lacked knowledge of EMV credit cards.
peerTransfer announced the relocation and expansion of its US and European offices in Boston, MA and Valencia, Spain. The decision is driven by the doubling in payment volume and revenue in the last 12 months.
Qatar’s Doha Bank and China UnionPay inked a deal for the issuance of the first UnionPay card. Doha Bank, holding one-fourth market share, is one of the top merchant acquirers in Qatar.
The average U.S. 90+ day delinquency rate among the nation’s four largest issuers is expected to rise 3 basis points (bps) in the third quarter. In the second quarter 90+ delinquency declined 9 basis points (bps) sequentially, to a record low of 0.92% for the second quarter, compared to 1.01% in the prior quarter and 1.00% one-year ago.
Purchase dollar volume (PDV) for Visa, MasterCard, American Express and Discover cards (credit + debit) in the U.S. remains likely to top $1.2 trillion for the third quarter, predicts RAM Research. According to CardData, in the second quarter PDV climbed 7.6% year-on-year (YOY) in Q2/15 reaching a record $1205 billion.
In today’s CardFlash News Que: ARK (Bitcoin); IPC (Infinea X); NEXONIA (ratings); and HOUSECALL (funding).
Constellation Payments, a leading gateway and merchant services provider for software companies, franchisors, direct sales organizations, and large merchants, announced today the launch of its integrated EMV terminal initiative designed to simplify the transition to new EMV payment terminals for software users and merchants.
Verifone’s Commander Site Controller and Ruby2 POS solutions have been selected by The Fikes Companies for deployment across its entire chain of CEFCO Convenience Stores.
compareit4me Group, which operates finance comparison websites across the Middle East, has raised $3 million in VC funding.
Alliance Data Systems has signed a new long-term agreement to provide private label credit card services and assume management of an existing co-brand card program in the U.S. for Toyota.
TSYS’ ProPay says Actionstep has integrated with ProPay to deliver a fully integrated client bill-pay solution for law firms. Clients can now pay their legal bills by debit card, credit card or bank account. Invoices can be paid in-office, over the phone, by Web, email, and even text message. There is no mobile app to download and no online payment portal required.