First American Payment Systems Buys ISO Portfolio

First American Payment Systems Buys ISO Portfolio

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] TX-based First American Payment Systems has purchased the entire portfolio of Independent Sales Organization (ISO) accounts and associated contracts from Chase Commerce Solutions (CCS). CCS is the global payment processing and merchant acquiring business of JPMorgan Chase & Co. With 25 years of experience in providing sales and operational support for…

Restaurant POS Specialist Toast Nails More Funding

Restaurant POS Specialist Toast Nails More Funding

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Restaurant POS specialist, Toast, has nailed $30 million in second round funding led by Bessemer Venture Partners with help from GV (formerly Google Ventures), and private investors. Toast experienced exponential growth this past year. The company recently announced the signing of 1,000 customers in five quarters, and its deployment to fast…

Crowdster Logo

Crowdster Offers Fundraising via Apple Pay

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] NY-based Crowdster has unveiled a unique mobile donation capability based on ApplePay that enables donors to complete transactions as easy as making purchases on iTunes. Crowdster, is a provider of easy-to-use and low cost online fundraising platforms for non-profits. The Apple Pay application allows donors to use their smartphone to make…

IoT Specialist KORE Powers DipJar’s Tips/Donations

IoT Specialist KORE Powers DipJar’s Tips/Donations

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] KORE, the world’s largest managed wireless network services provider specializing in the Internet of Things (IoT) and machine-to-machine (M2M) communications, inked an agreement to provide connectivity for DipJar’s electronic tip and donation jars. Through the KORE network, DipJar will securely and reliably process wireless gratuity and donation payment information without the…

Nov Consumer Credit

November 2015 Consumer Credit

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] November consumer revolving credit card debt increased at an annual rate of 7.4%, compared to 0.1% in October and 8.8% in September. Also, compared to 5.8% in the second quarter, and 8.7% in the first quarter. Overall consumer credit increased at a seasonally adjusted annual rate of 4.8%. Non-revolving credit increased…

Penalty Fees

Penalty Fees YOY 2015

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] After rising predictably YOY for most of the last decade, penalty fee income continued to slide dropping to $11.5 billion in 2015, compared to $11.7 billion and $12.0 billion According to the R.K. Hammer Card Penalty Fee Index, the lowest level since Index began. Despite the decline in penalty fees, total…

Holiday Spending

Holiday Spending

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] More than a fifth of all holiday shopping is now occurring online, based on transaction data from 1.3 million U.S. merchant locations. First Data’s Holiday 2015 SpendTrend Report revealed retail sales are up 3.3% for the full holiday season. The sales growth was a marginal increase over 2014’s year-over-year growth of…

MasterCard Bands

Coin and MasterCard Wearables

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Coin and MasterCard and partnered to bring payments to a wide array of fitness bands, smart watches and other wearable devices. Atlas Wearables, which designs advanced fitness trackers, Moov, a personal fitness coach on your wrist, and Omate, maker of fashionable smartwatches, are the first set of companies working with MasterCard…

Blackhawk Acquisitions

Blackhawk Acquisitions

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Blackhawk Network has acquired GiftCards.com, which sells digital and physical prepaid gift card solutions to consumers through a high-trafficked gift card U.S. website, and OmniCard, which sells customized prepaid incentive and reward solutions for business clients. The deal is valued at $120 million. GiftCards.com offers differentiating features, including its GiftLocal product…

US Debit Cards

US Debit Cards

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] New research shows young adults and high-income earners are shifting away from debit card use. The latest Insight Summary Report from Mercator Advisory Group’s CustomerMonitor Survey Series reveals usage by both demographic segments declined to a seven-year low in 2015, 52% of households earning $100,000 or more a year and 56%…