By the end of this year nearly 60% of U.S. point-of-sale locations will be chip-capable. And the pace of implementation is accelerating, with 86% expecting to be chip-enabled by the end of 2015.
Visa will soon begin offering Mobile Location Confirmation using mobile geo-location information to more reliably predict whether it is the account holder or an unauthorized user making a payment with a Visa account. It we be available to U.S. card-issuing financial institutions in April.
Hong Kong-based AsiaPay Technology unveiled its newly certified 3-D Secure Access Control Server (ACS) managed service for issuing banks after launching the ACS solution in earlier years.
Western Union reported fourth quarter, revenues declined 1% compared to the prior year period, or increased 4% on a constant currency basis. The differential between reported and constant currency revenue was the result of depreciation of the Argentine peso, the Euro, and various other major currencies around the world.
The marijuana industry is quickly evolving and compliance becomes more of an issue each day, dispensaries need a seamless solution they can rely on for successful business operations, as well as the ability to protect their investments and prepare for effective banking relationships.
American Express is dumping its U.S. co-brand and merchant acceptance agreements with Costco. The current contract expires March 31st.
Standard Register inked a multi-million dollar agreement with Webster Bank. Under the agreement, Standard Register renewed its contract through 2018 to provide enterprise print management and promotional marketing programs and expanded the relationship to include electronic bill presentment and payment (EBPP) services.
InterMoney Exchange has launched a new global feature – withdrawing Bitcoins directly to credit/debit card. It works with both Visa and MasterCard providers. Credit and debit cards of different types including prepaid are supported.
NY-based iPayment added four new members to its Board, including David R. Hughes, Marshall J. Lux, Michael P. Monaco and Brian V. Mooney
The Barclays Accelerator, powered by Techstars, will open in New York in July 2015. The program will provide the opportunity for ten companies to participate in thirteen weeks of intensive networking, mentoring and development, aimed at supporting breakthrough financial technology innovations.
PayAnywhere has unveiled PayAnywhere 3.0 for iPad and PayAnywhere Storefront 3.2. The updates include a variety of features to improve inventory management, speed up the checkout process and more.
Firefly Retail has hit the market, an Android-based solution that gives small and mid-size retail businesses access to the same industry tools and innovations as major U.S. retailers, and assumes the responsibility of other costly business solutions and outside vendor services.