RadPad and RentTrack Offer Renters More Pay Options

RadPad and RentTrack Offer Renters More Pay Options

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Renters get more ways to pay as well as having their payment history reported to a major credit bureau, primarily for credit building purposes. RadPad announced that MasterCard cardholders can now enjoy the convenience of paying rent with their MasterCard-branded credit or debit cards, MasterPass digital wallet or via iPhone and…

Early Warning + clearXchange Platform Ready to Roll

Early Warning + clearXchange Platform Ready to Roll

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Early Warning has completed its acquisition of clearXchange, the largest financial institution-led digital payments network in the U.S. The blending of Early Warning’s fraud prevention services, authentication capabilities, and bank network with the scope of clearXchange’s digital payments solution will create the largest, most secure real-time payments ecosystem in the U.S.…

Germany’s Postbank Deploys NCR Advanced ATMs & Kiosks

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] NCR has snagged a deal with one of Germany’s largest retail banks to upgrade ATMs and deploy self service kiosks. Deutsche Postbank will modernize its retail bank branch network with NCR intelligent deposit ATMs and NCR SelfServ 85 consulting kiosks. The NCR software and hardware solutions deployed by Postbank will enable…

Special Breaking News Mentions in Today’s CardFlash

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] CardFlash.com Beaking News: WISEKEY (Kaspersky); COMPASS (FreedomPay); WU (award); and HCENTIVE (Mashable). WISEKEY – WISeKey and Kaspersky Lab are developing technology that will deeply integrate authentication and data encryption into new wearable devices, enabling them to safely connect, communicate and exchange financial data. Under the new partnership, Kaspersky Lab’s secure software…

All Consumer Credit Card Fees

Credit Card Fee Income Up 4.4% to $94.3 Billion in 2015

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Credit card fee income rose 4.4% year-on-year (YOY) in 2015, topping $94 billion. Fees in every component increased with the exception of penalty fee income with decreased slightly. R.K. Hammer estimates that the card business saw a fee income increase of $4 billion in 2015 compared to 2014. New regulations and…

Barclaycard US has named a new CEO. Curt Hess has been covering the role on an interim basis since May last year.

Barclaycard US Finally Decides on a Permanent CEO

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Barclaycard US has named a new CEO. Curt Hess has been covering the role on an interim basis since May last year. Hess has been with Barclays for eight years, most recently holding the position of Chief Financial Officer for Personal and Corporate Banking in London. He has also served as…

Digital Remittance on Fire as Remitly Likely to Top $1B

Digital Remittance on Fire as Remitly Likely to Top $1B

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Seattle-based independent digital remittance company, Remitly, reports it is on track to transfer $1 billion annually based on the rate of transfers in December. This represents an increase of more than 400% from January 2015. Remitly offers money transfers from the United States to the Philippines, India and Mexico, which alone…

Visa Checkout Expands with Starbucks & Walgreens

Visa Checkout Expands with Starbucks & Walgreens

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Starbucks, Walgreens, NFL Shop, HSN and Match are among the new merchants taking advantage of Visa Checkout’s ability to deliver seamless digital payments. Walmart.com will also begin supporting Visa Checkout this year. More than 10 million consumer accounts and 600 financial institutions in 16 countries have signed up to use Visa…

Quatrro Processing and Emailage Team to Target Chargebacks

Quatrro Processing and Emailage Team to Target Chargebacks

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Atlanta-based Quatrro Processing and Emailage have formed a partnership to empower both parties in leveraging their combined service offerings to provide end-to-end fraud and chargeback solutions that are tailored for merchants of all sizes. Emailage has access to more than 5 billion emails around the world with global coverage for fraud…

FTC - Federal Trade Commission Logo

FTC Snags CardReady & E.M. Systems for Card Laundering

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Federal Trade Commission and the State of Florida have charged CardReady, a payment processing business with credit card laundering and illegally assisting and facilitating a nationwide debt relief telemarketing scheme that allegedly bilked millions of dollars from consumers. When scammers cannot gain or maintain access to the credit card networks…

Special Breaking News Mentions in Today’s CardFlash

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] In today’s special mentions: SHIFT4 (EMV); FREEDOMPAY (Microsoft); CARDFELLOW (Square); and SMARTCARD (Bluebird). SHIFT4 – Shift4 has completed certification for U.S. EMV with First Data’s Rapid Connect solution. Merchants can now process chip-embedded credit and debit card payments through Rapid Connect while receiving the security and flexibility benefits of Shift4’s DOLLARS…

U.S. 3Q/15 Consumer Debt Ratios Hover at 35-Year Lows

U.S. 3Q/15 Consumer Debt Ratios Hover at 35-Year Lows

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Financial Obligations Ratio (FOR) for 3Q/15 has declined to 15.31%, the lowest measurement since 1981 and the Debt Service Ratio (DSR) plunged to 10.03%, the second lowest ever recorded in 35 years. According to the Federal Reserve the FOR declined to 15.31% in 3Q/15, compared to 15.33% in 2Q/15 and…