eBay continues to rejigger the upstair suits as it prepares for the separation of eBay and PayPal into independent publicly traded companies in the second half of 2015.
Next week is the important World Economic Forum on East Asia in Jakarta (Apr 19-21). MasterCard released the latest findings of basic finance knowledge and skills across Asia/Pacific and discovered a stall in 12 of 16 countries with record lower scores in the latest Financial Literacy Index.
Gemato says even if a token is intercepted, its reuse would be very limited, meaning that incidences of ‘cross-channel’ fraud can be significantly reduced. Transaction keys needed for EMV payments can also be replenished on a regular basis, further limiting the validity period of the transaction.
Wells Fargo Credit card first quarter outstandings were down 3% QOQ to $30.08 billion on seasonality, but up 15% YOY reflecting new account growth and growth in private label and co-brand outstandings driven by the card portfolio acquisition in 4Q14.
Chase reported purchase dollar volume (PDV) in the first quarter of $112.8 billion, up 7.9% year-on-year (Y/Y). The number of active credit card accounts also ticked up to 32.5 million, a 4.8% increase over first quarter 2014.
In today’s CardFlash News Que: CASHSTAR (Payments 2015); WELLS FARGO (College); PAYITSIMPLE (Award); and COMMON BOND (CRO).
CareFirst BlueCross BlueShield (CareFirst) is now enabling members to pay their healthcare premiums in person via Fiserv’s CheckFreePay solution. CareFirst offers health insurance products and administrative services to 3.4 million individuals and groups in Maryland, the District of Columbia and Northern Virginia.
Atlanta-based Ingo Money, pioneer of instant, guaranteed mobile check cashing, announced today that it has received additional growth capital totaling $13.5 million. The company intends to use these funds to finance its operations and fuel accelerating growth led by overwhelming demand for its mobile check cashing and risk management platform.
CardWeb.com’s CardWatch database of more than 57,000 marketing items today features the Santander “123 Credit Card Advert with Jessica Ennis-Hill.”
CardWeb.com’s CardData database of Company Profiles features QSR payments specialist Tillster. Perse Faily is the CEO and President.
YapStone ankles Daniel Issen as Chief Technology Officer to lead the engineering and product delivery teams. YapStone is a provider of web and mobile payment technology solutions whose platform powers electronic payments for global online and mobile marketplaces.
Rent payments via mobile devices continues to pick up steam for convenience as well as reporting each on-time rent payment to major credit bureaus. Missouri’s FasterHouse is the latest to jump on the RentTrack bandwagon.