Capital One (COF) continues to lead the U.S. credit card industry in outstandings and volume growth, posting a strong 12% year-on-year (YOY) gain in end-of-period (EOP) outstandings and a whopping 19% surge in Purchase Dollar Volume (PDV) for the third quarter as other metrics are relatively stable.
Diebold is on track to acquire Paderborn, Germany-based Wincor Nixdorf. The offer price of EUR 52.50 per share for Wincor Nixdorf would be paid in cash and Diebold shares.
This will make Diebold a dynasty in the global ATM vertical.
Revel Systems has added a major new product to its iPad Point of Sale system with the availability of a new e-commerce mobile application solution that extends the functionality of brick-and-mortar commerce into mobile. Revel’s new white-labeled app solution for iOS and Android integrates directly with Revel’s iPad Point of Sale platform, allowing merchants to expand their brand to reach mobile users and create a new sales channel.
VT-based CONIX Systems has unleashed TCMx, which integrates bank settlement of all payment types across all payment channels. TCMx provides both monitoring and settlement for check, ACH, mobile, RDC, image exchange, wire, and other payment systems, including return items and adjustments.
Atlanta-based Bluefin Payment Systems has teamed USAePay. The partnership will further enhance data security for companies using the USAePay gateway through with the addition of Bluefin’s Decryptx PCI-Validated Point-to-Point Encryption (P2PE) service, which protects consumer payment data in transit.
In today’s CardFlash News Que: MERCATOR (smartphones); Creditcall (EMV); CAPRA (NACS); and SYNCHRONY (Money 20/20).
American Express (AmEx) third quarter profits slipped year-on-year (YOY) by 10.7% to $794 million. AmEx says revenue and billed business levels were suppressed by a stronger U.S. dollar, plus renewals and changes it made earlier this year to some co-brand relationships also entailed some significant incremental expenses in Q3.
Capital One (COF) is beta testing a super cool app enabling cardholders to set a personalized spend cap to manage what they borrow on their card. Capital One Inform also tracks and visualizes what the cardholder spent.
Verifone Engage has become the next generation family of payment devices that globally redefines what’s expected of point-of-sale (POS) hardware and software. Verifone Engage is the company’s first-ever, fully-integrated, Linux-based product family, encompassing a complete range of payment solutions for merchants, acquirers, and service providers.
NCR Power Picking has hit the market,a new store-based order fulfillment software that expands the omni-commerce portfolio of solutions and enhances the “order online, pick up in store” or “click-and-collect” experience.
FL-based MagicPay Merchant Services has launched a multiple currency credit card processing service. Prices for MagicPay’s new service begin at less than $20 per month plus discount rates and transaction fees, allowing even businesses that do a small volume of transactions to afford to process credit cards for foreign customers.
Elan Financial Services launches a new credit card partnership with People’s United Bank. The deal provides a full suite of MasterCard-branded products with valuable reward options to the bank’s customers as well as access to enhanced payment technologies, such as digital wallets and real-time activity alerts.