Citi signed an agreement with Erste Bank Hungary Zrt. and its subsidiary Erste Befektetési Zrt. (Erste Investment) to sell its consumer banking business in Hungary.
Xoom has launched a money transfer service to Singapore. Xoom customers can now send money online to bank accounts in Singapore via their U.S. bank accounts, credit cards or debit cards.
U.S. credit card outstandings end-of-period (EOP) among the Big 6 issuers will likely gain 3.1% in the third quarter according to CardData and RAM Research. Outstandings rose by a mere 2.3% year-on-year (YOY) in the second quarter to $474.5 billion.
Visa and MasterCard U.S. credit card gross dollar volume (GDV) will likely grow at a 10.1% year-on-year (YOY) in the third quarter (3Q/15). Visa and MasterCard U.S. credit card gross dollar volume (GDV remained a solid 9.9% year-on-year (YOY) gain in the second quarter (2Q/15).
In today’s CardFlash News Que: MASTERCARD (Pune); PENFED (Schenck); HEARTLAND (speech); and NXT-ID (Wocket).
Le VPN has expanded coverage to 64 new countries. These new servers boost their total coverage to over 114 countries. The company accepts standard payment methods like credit cards as well as PayPal or BitCoin. They offer a 7-day money back trial period.
A new survey find 95% of Americans polled in the month of July admitted that they pay at least one bill through their computer or mobile device. Nearly 55% of those polled said they started paying online within the last five years.
Toronto-based GoldMoney, a full-reserve and gold-based financial service and technology group, reported 74,262 sign-ups in August to hit 242,264 total. Transaction volume hit CN$11,798,296 for the month.
EMVCo, the global technical body that facilitates the worldwide interoperability and acceptance of secure payment transactions by managing and evolving the EMV Specifications and related testing processes, has today announced the appointment of Bastien Latgé to the newly created role of EMVCo Director of Technology.
Naples, FL-based ACI Worldwide welcomes the nation’s leading community banks, credit unions, and industry partners and experts to its annual ACI Technovation Conference, September 14-16, 2015 in Chicago, Illinois.
San Francisco-based Hyperwallet Systems has ankled Jennifer Anderson to their U.S. Sales team. Anderson will focus primarily on the direct selling industry, where Hyperwallet has been delivering the industry-leading commission distribution platform for more than a decade.
Limassol-based FXPRIMUS, has partnered with BitPay to begin accepting funding via bitcoin.