A new study has determined the security of credit and debit card information is a bigger concern for consumers than their health, retirement savings or losing their cell phone. Interestingly the survey found more than one-fifth of respondents stated they do not feel secure when paying with debit cards at retail establishments.
The Merchants Payments Coalition (MPC) a/k/a UnfairCreditCardFees.com, says debit-card swipe fee reforms have saved consumers nearly $18 billion over the past three years and merchants have created more than 100,000 new jobs.
eBay plans to separate the company’s eBay and PayPal businesses into independent publicly traded companies next year. eBay also put Dan Schulman in charge of overseeing the PayPal break-off. PayPal has more than 152 million active registered accounts.
First Data and eWAY eCommerce announced a partnership to expand into Asia’s rapidly growing eCommerce markets. This alliance establishes First Data Merchant Solutions (FDMS), First Data’s direct-to-market merchant acquiring business, as a trusted payments provider to eWAY’s merchant network.
FIS has once again received the No. 1 position on the IDC Financial Insights 2014 FinTech Rankings Top 100. This is the fourth year in a row FIS has topped the list.
WI-based Fiserv has been awarded the 2014 SWIFT Certified Application Reconciliation label for its Accurate Reconciliation solution for transaction matching, reconciliation and exception management.
Fundtech enhanced its flagship Global PAYplus payment services hub, complete with new business capabilities, and improved usability and performance. Global PAYplus’ new user interface can be customized to be task-specific, helping users to prioritize and focus only on those things that require their attention, enabling work load to be optimized and streamlined,
ACI is now ranked 20th on the list of financial technology companies that were judged according to their global revenues. The ranking was made by the IDC Financial Insights 2014 FinTech Rankings. ACI moved up four places in the rankings.
Misys has launched Misys FusionBanking Corporate FrontOffice integrated with enterprise pricing and credit lifecycle management. The latest packaged solution in the FusionBanking portfolio for corporate banking delivers a single view across the corporate client business.
The creators of the Wocket smart payment wallet are now workingon an additional software feature called WocketPass. NXT-ID’s WocketPass keeps all of passwords in your pocket and locked within your Wocket, rather than managed by a third-party on a shared cloud.
Glen W. Herrick is the Executive Vice President and Chief Financial Officer of Meta Financial Group and MetaBank. Meta Financial Group is the holding company for MetaBank.
MasterCard Europe has started a unique pan-European index to map all publicly available mobile shopping apps in Europe named the Mobile Top App Index by MasterCard. The Index is set to discover the best mobile shopping apps across the diverse markets of Europe and reveal how consumers are embracing mobile technology when shopping on the go.