FDIC Screws Up Big Time with Credit Card Chargebacks

FDIC Screws Up Big Time with Credit Card Chargebacks

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] When the Federal Deposit Insurance Corp. (FDIC) disclosed in 2014 that they were withdrawing a list they created of merchant categories that were deemed high risk and warranted heightened attention, they acknowledged that this list was used by issuing banks as justification to sever ties with merchants who fell into these…

Virtual Reality is Super Hot for Users & Investors

Virtual Reality is Super Hot for Users & Investors

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Virtual reality is super hot and immerses consumers in sensory and personalized experiences, empowering them to interact with products and services. With mobile devices capable of delivering rich VR experiences, shoppers can tour a store or try on a new fashion anywhere, at any time. The retail environment is constantly changing…

Mobeewave Contactless Payments on Horizon

Mobeewave Contactless Payments on Horizon

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Mobeewave is unveiling its patented secure contactless payment-acceptance capability for mobile payment applications at the upcoming Mobile World Congress in Barcelona. Integrated into a mobile wallet or mobile banking application, can provide a True Wallet Experience for consumers, by allowing them to receive as well as make electronic proximity payment via…

Official Credit Card of NASCAR Unveiled by Credit One

Official Credit Card of NASCAR Unveiled by Credit One

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Credit One Bank unveiled the Official Credit Card of NASCAR. The Credit One Bank NASCAR credit card provides 1 percent cash back on eligible purchases and 2 percent cash back on purchases made at NASCAR.com. Card members will also have access to exclusive one-of-a-kind NASCAR experiences, discounts, and promotions. This new credit…

VSoft Survey Finds Top Five Digital Banking Services

VSoft Survey Finds Top Five Digital Banking Services

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Top five digital banking services include balance inquiries; online bill payment/ATF; money transfers; finding branch/ATM locations; and customer service support. Atlanta-based VSoft Corporation finds among consumers who have a financial institution, 99 percent say their bank currently offers digital banking services and 88 percent use at least one of those digital…

Remitly Ankles Krish Srinivasan as CFO

Remitly Ankles Krish Srinivasan as CFO

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Remitly has ankled Krish Srinivasan to be chief financial officer (CFO). Srinivasan will bring 20 years of experience in financial planning, analysis and investor relations, having served in executive positions at Microsoft, Amazon and Lyft. Concurrent with this transition, Andy Larson, who served as Remitly’s CFO for the past three years,…

ISO Bluefin Payment Systems Settles with FTC

ISO Bluefin Payment Systems Settles with FTC

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] ISO Capital Payments, now known as Bluefin Payment Systems, has agreed to settle Federal Trade Commission charges that it enabled a telemarketing scheme called The Tax Club to use merchant accounts to process consumers’ credit card payments. As alleged in the FTC’s complaint, Bluefin Payment Systems, ignored red flags about The…

Saudi Arabia’s Alinma Inks With China’s UnionPay

Saudi Arabia’s Alinma Inks With China’s UnionPay

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] China’s UnionPay has inked Alinma to enable all ATMs and merchants in Saudi Arabia to accept UnionPay cards, making Alinma the first local bank to accept UnionPay cards. In order promote card usage channels, the two sides also agreed to cooperate in issuing UnionPay cards for the purpose of providing secure…

Bluefin + USAePay = Decryptx & 3DRetro

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Bluefin Payment Systems and USAePay have enabled their first merchant for Decryptx, 3DRetro. Decryptx, Bluefin’s Decryption as a Service (DaaS) product, provides all of the benefits of Bluefin’s PCI-validated P2PE solution suite on the USAePay platform. Merchants utilizing USAePay can get the security and scope reduction of PCI P2PE with no…

Pakistan’s Bank Alfalah to Massively Issue 1.5MM CUP Cards

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Bank Alfalah to massively issue 1.5 million China UnionPay cards in Pakistan. Bank Alfalah is the largest merchant acquirer in Pakistan. Before this move, UnionPay International has partnered with the Bank in enabling all ATMs, POS Network and merchants subordinate to the Bank to accept UnionPay cards. These merchants include supermarkets,…

Oberthur Technologies

Boubyan Bank to Offer OT Contactless Payment Cards

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Oberthur Technologies (OT) has been selected by Kuwait’s Boubyan Bank to offer the first contactless payment cards. In order to offer its customers innovation and cutting-edge technology, Boubyan Bank has decided to market new contactless payment cards, provided by OT. It significantly enhances the shopping experience as customers just need to…

FIS Logo

FIS Cardless Cash Getting Ready to Roll with PayPal

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] FIS and PayPal have buddied for FIS Cardless Cash, a capability that allows consumers with a mobile banking app to withdraw money from virtually any ATM. Launched in January 2015, Cardless Cash was the first mobile ATM solution on the market that avoids the plastic debit card. This technology provides banks…