PA-based USA Technologies posted total revenue of $15.4 million, a year-over-year (YOY) increase of 47%. For 2015, management expects total revenue to be above $53.0 million, due to the positive impact of QuickStart on equipment revenue.
U.S. credit card outstandings end-of-period (EOP) among the Big 6 issuers rose by a mere 2.3% year-on-year (YOY) in the first quarter to $451.3 billion. Capital One (+8.5%) and American Express (+7.3%) YOY led the pack, while Citibank (-4.9%) and BofA (-0.5%) cleaned up the rear, according to CardData.
Wirecard is providing the E-Money and license as well as the technical platform needed to manage the Orange Cash mobile payment application in Spain. Users of Orange Cash can now make mobile payments at any contactless Visa terminal in more than 530,000 stores across Spain and at 2.4 million acceptance points throughout Europe.
Chargebacks911 says cyber shoplifting is the reason behind a freeze on new hires by Alibaba. The Company says it is seeing a rise in friendly fraud, and this inherently suggests that more and more consumers are lying to convince their bank to file a chargeback.
Heartland Payment Systems is removing card data from the payment transaction, providing restaurateurs with protection against point-of-sale (POS) intrusions, insider misuse, and other common sources of data fraud by eliminating the opportunity for criminals to capture and monetize card data.