American Express announced it is kicking off a research pilot to study consumer savings behaviors using the Serve software platform. This research pilot can help identify new ways to promote saving and explore whether certain behavioral interventions are effective in increasing consumer savings.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Jacqui Segura, Vice President of Merchant Solutions for UniteU.
Mobile bill payment use is growing rapidly among U.S. consumers, with 27 million U.S. online households now paying at least one bill from their phone, up nearly 70% over 2013. However, new research shows they use an average of three different payment methods each month.
The total value of transactions conducted via mobile handsets and tablets will reach US$1.8 trillion by the end of 2014. These trends have led to the development of numerous solutions and technologies that address the security challenges of mobile banking and payments.
A new innovative security measure can confirm the identity of any person or object, including debit and credit cards, even if essential information (like the complete structure of the card) has been stolen. It uses the unique quantum properties of light to create a secure question-and-answer (Q&A) exchange that cannot be “spoofed” or copied.
Total new bank-issued card credit originated year-to-date in September was $183.9 billion, a six-year high and an increase of 25.9% from same time a year ago. The total number of new cards issued year-to-date in that same time was 37.7 million, also a six-year high and an increase of 20.1%.
Dwolla remittance announces new experience similar to direct deposit. With a paperless, safe way to route payments directly to a recipient’s bank account, Dwolla no longer requires recipients to register for a full Dwolla account and all future payments made to their email address will be routed directly to their bank account in as little as one to two business days. Dwolla Direct users can get access to additional features”like the ability to send or request money”at any time by converting to a free full Dwolla account. The sender can send payments to emails: No need to collect, and then protect, sensitive bank account information to send a payment. Set it and forget it: Once your recipient’s email is connected to a bank account, future payments to the email address will notify the recipient and automatically route the funds to their bank or credit union account.
Kohli Ventures acquired Dynacart Solutions payments processing company. The Group has acquired the Dynacart equity previously owned by a major investment management house in Liechtenstein; following this transaction, Kohli Ventures owns the entire issued and to be issued share capital of the business. Kohli Ventures had first invested in Dynacart in 2011 after being attracted by its potential to act as a disruptor in the payments industry through its easy-to-use and secure payments gateway solution. Dynacart offers easy and secure online payment processing products for merchants to accept payments online, connecting customers with international banks and financial institutions to facilitate electronic transactions – users simply embed snippets of code on the website of any online store.
Smartlink has landed a license to host and offer a white label version of the MasterPass wallet to its customers. Smartlink operates a wallet platform that allows European financial institutions and merchants to build their individual personalized applications.
The new Adaptive Fraud Protection from Contact Solutions is a multi-layered, proactive fraud management solution that recognizes and stops fraudsters and nuisance callers before they create havoc in the contact center, while improving overall authentication processes and the customer experience.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features James Nevels a new member of the First Data Board of Directors.
ACI’s ReD has teamed with First Data Mexico to offer enhanced fraud prevention services in support of the fast growing e-commerce market in Latin America.