TSYS signed a new licensing agreement with FICO. The agreement will deliver a revolutionary, analytics-powered marketing product for card issuers called TSYS Targeted Messaging powered by FICO.
NAFCU Services Corporation announced MasterCard has become the newest Preferred Partner to join the program. The partnership was approved following a rigorous RFP process and voting by NAFCU’s three panels of credit union CEOs. Through this partnership, credit unions will have access to innovative credit, debit and prepaid solutions from MasterCard, as well as pertinent information on emerging payment technologies and advancements.
San Francisco-based Boku has officially named mopay co-founders Ingo Lippert and Christian Hinrichs as the company’s new Chief Business Officer and Chief Financial Officer, respectively. Boku recently acquired German-based mopay.
Consumer Reports has named the Bluebird card (by American Express and Walmart) as the “Best” prepaid card, followed by the Chase Liquid (Visa).
USA Technologies (USAT) reported a 31.4% increase in transaction volume for the third quarter, up 31.4% over one-year ago. Total revenue of $12.3 million, represented a year-over-year increase of 21.0%.
Atlanta-based InComm reports PayPal will utilize the InComm Digital Solutions platform to support PayPal’s digital gifts services. IDS will enable PayPal to expand the number of retailers’ gift cards that it sells real-time on the PayPal digital gifts and on eBay.
Payments volume for Diners Club International rose 3% year-on-year and flat sequentially in the third quarter. Gross Dollar Volume posted at $6.78 billion in Q3/14, compared to $6.73 billion in the prior quarter and $6.55 billion one-year ago.
American Express International Card Services reported third-quarter net income of $142 million, unchanged from a year ago. Gross Dollar Volume for the International unit in the third quarter rose 4% to $33.9 billion.
Moscow-based Net Element reported Russian mobile payment revenues were $461,328 for the third quarter and $338,295 for the second quarter. The Company expects to record quarterly growth in its Russian mobile payment processing business with revenues for the second quarter 2014 being the lowest level of revenues.
CardWeb.com’s CardPixes database of more than 7,000 card images today features the AeroMexico Visa Secured Card. The card is issued by U.S. Bank.
With the October 2015 deadline for conversion to the EMV chip technology system less than a year away, banks and issuers are ratcheting up promotion of EMV enabled cards through enhanced customer communication and a shift in messaging within their credit card acquisition efforts.
IN-based Allied Payment Network, a provider of online and mobile bill payment services to the financial industry, announced the availability of BizPay, a small business payments solution that enables organizations to make bill payments, send payroll funds electronically, transfer funds to an external account, and email electronic invoices to their clients from within a single platform.