GA-based FleetCor Technologies has completed the previously announced acquisition of Comdata from Ceridian. The deal was valued around $3.45 billion.
A new survey finds nearly one out of three U.S. smartphone owners plan to use mobile payment for shopping in stores this holiday shopping season. However, less than 5% were “more comfortable” paying with their devices than using traditional payment cards.
Cross-border shoppers are spending approximately twice as much as consumers who only shop domestically. Cross-border shopping is most prominent in Austria.
Spire Payments has acquired the EFT (Electronic Funds Transfer) division of STS. The EFT division of STS was more recently a Master Distributor for Hypercom.
BJ’s Wholesale Club and Alliance Data Retail Services have teamed to launch a co-branded card that offers significant member rewards. The new My BJ’s Perk MasterCard will also enable members to redeem at checkout in-club.
International (excluding the USA) Gross Dollar Volume (GDV) for Visa (VS) and MasterCard (MC) debit cards rose 10.1% year-on-year (Y/Y) in the third quarter (Q3/14), on a U.S. dollar basis.
Entrust Datacard launched the first integrated instant issuance kiosk solution in South Asia with State Bank of India (SBI). This is also the first instant EMV chip card personalization application in Asia – which follows the Reserve Bank of India’s (RBI) regulation.
U.S. Bank’s Elan Financial Services has been certified to offer MasterCard’s Automatic Biller Updater (ABU) to its debit card issuing financial institutions.
The pace of change in corporate payments is due to increase in the next decade, and banks are in a position to rise to the challenge. While there have already been advances, consumer payments have benefitted from more rapid payment innovation.
Western Union advanced its direct-to-bank transfers allowing customers to send money in minutes to major Indian banks. Western Union has successfully linked its retail agent network and digital transactional sites in select countries to move money in minutes to account holders of select banks via India’s revolutionary Immediate Payment Service (IMPS).
The Federal Trade Commission has shutdown MyCreditHealth and ScoreSense, through at least 50 websites, including FreeScore360.com, FreeScoreOnline.com and ScoreSense.com. The three companies have agreed to pay $22 million for consumer refunds under a settlement with the FTC and the state attorneys general in Illinois and Ohio.
PA-based JetPay has ankled Pierre (Pete) J. DuPré as Chief Information Officer of the Company. DuPré brings to JetPay a 30 year career in IT, software engineering and product development.