A new study has discovered American consumers want more from their banks than apps — they want advocates. Also, 70% of consumers across all generations (85% of millennials) believe banks current with the latest technology are more trustworthy than banks that lag.
Tencent’s WeChat has become the first social communication application to provide a technology platform to support person-to-person cross-border money transfer capabilities to more than 200 countries and territories. WeChat U.S.users can now access Western Union’s WU Connect platform.
The average yield among the nations’s top four bank credit card issuers came in at 11.53% for the third quarter, compared to 11.59% for 3Q/14. Capital One (COF), continues to lead the top pack with a 14.45% Q3 yield according to CardData. Chase and Citibank yields declined in the quarter.
Free-to-play MMO and mobile games generated two-thirds of the $63.7 billion global digital gaming market in 2015. The most lucrative games are becoming “services,” which may be downloaded for free, but are ﬁnanced through steady digital transactions.
PayPal and Braintree named the $100,000 USD grand-prize winner of its 2015 BattleHack Series. The 24-hour BattleHack World Finals took place at PayPal Headquarters in Silicon Valley and hosted 14 teams of developers from across the globe, all winners of their regional BattleHack competitions.
BBVA Compass is now offering its credit card clients real-time redemption of rewards earned on qualified purchases made at any retailer.
Datacap Systems has completed US EMV level 3 certification with Chase Paymentech and released an EMV-capable version of NETePay available for download immediately.
On average, it takes between seven to 10 seconds to pay using a chip card versus two to three seconds to pay using a traditional swipe credit card in the U.S. At some Walmarts unless you have a PIN for the chip card it will not prompt for you for SIG credit.
In today’s CardFlash News Que: VECTOR (Sequent); AOC (3Delta); VODAFONE (Wallet) and UNIONPAY (Hong Kong).
MasterCard has shuffled four top executives to evolve the company’s “Global Products and Solutions” and “Operations and Technology” business units, effective January 1st.
China’s UnionPay has become the only international bankcard association offering Chinese Visa application VIP express service. UnionPay cardholders can apply at the Chinese Visa Application Service Centers in five cities in Australia, namely Sidney, Melbourne, Canberra, Brisbane and Perth. This service will substantially shorten the processing time, and will soon be rolled out in some of the other countries where UnionPay cards have been issued.
San Francisco-based Revel Systems announced Lisa Falzone, co-founder and CEO of Revel, has been chosen by EY as one of the 12 entrepreneurs selected for the 2015 North American Entrepreneurial Winning Women program.