The average charge-off ratio among the nation’s four largest issuers declined 37 basis points (bps) year-on-year (Y/Y) to 2.97% in the fourth quarter (Q4/14). The top 100 U.S. banks posted a 34 bps decline last year, also to 2.97%.
CenPOS has certified Apple Pay and Google Wallet to its payment-processing platform. The Apple Pay and Google Wallet payment options are supported by CenPOS on the Verifone and Equinox multi-lane devices.
Herzliya-based SuperCom is introducing its SafeMobile solution and SuperCyber suite next month. SuperCom offers advanced secure mobile payments ranging from mobile wallet to mobile POS using a set of components and platforms to enable secure mobile payments and financial services.
EVO Payments International (EVO) and Lime Light CRM have formed a partnership to provide integrated payment processing for direct response merchants and service providers globally.
Havas has acquired Canada’s Plastic Mobile, a mobile agency that builds applications and other strategic solutions for m-commerce, encompassing retail, loyalty, payments, coupons, and in-store initiatives. The new entity will be a full-service mobile agency with practice areas in strategy, user experience, design, and engineering.
MERKUR, an Austrian supermarket chain that is part of the German REWE Group, will equip its high-volume stores with innovative NCR self-checkout solutions.
American Express has launched its Small Merchant EMV Assistance Program for small merchants in the USA. AmEx says it found 67% of small merchants surveyed say protection against and prevention of payment-card fraud is a top priority.
Nigeria’s Diamond Bank has become the first African bank to launch a fingerprint recognition feature on its mobile app. The service, an iOS Touch ID, is a major leap for the African bank.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Steven Rathgaber, Chief Executive Officer of Cardtronics.
In less than a year since announcing support for Host Card Emulation (HCE) and cloud-based software for both secure contactless and remote payment transactions, MasterCard announces projects are currently underway in more than 15 countries. These projects provide consumers with more options for payment experiences across their Android devices.
The first mobile wallet designed exclusively for a retail card partner is here. Marcus and Capital One have introduced the new Neiman Marcus (NM) Mobile Wallet, now available within the NM App for all Apple iPhone users.
Velcro Pay has introduced the Velcro Pay Payment Gateway to offer small businesses a less expensive option than some of the online integrators like Authorize.net, Stripe, Braintree and PayPal.