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.
Start-up PaySwag, the first white-labeled mobile app to bring a new approach to collections for underbanked consumers, businesses and governments, is making its pitch at Money20/20’s Las Vegas inaugural StartupPitch180 competition.
Discover’s credit card outstandings continued strong in the third quarter rising 3.7% as Purchase Dollar Volume (PDV) rose 2.7%, year-on-year (YOY). While all other credit card metrics remained stable, overall net income for Q3/15 declined 5.0% YOY to $612 million.
Purchase Dollar Volume (PDV) for Visa, MasterCard, Discover and American Express U.S. debit cards is expected to reach $2.67 trillion annually by year-end 2019. According to forecaster RAM Research, the U.S. PDV for the U.S. debit card industry is currently growing at a CAGR of 7.70%.
Severely delayed debts sold-off to debt collection agencies will have minimal impact on consumer scores and will not impact the predictiveness of VantageScore 3.0 credit scores.
Visa’s CyberSource has unveiled Decision Manager Replay, the industry’s first fraud tuning analytics tool which allows merchants to quickly analyze and adjust their online fraud management strategies.
San Francisco-based NerdWallet has elected Simon Williams to its board of directors after he ponied up a $5 million investment from his Camelot Financial Capital Management. The funding brings the company’s Series A funding to $69 million.
Visa has pulled the curtain up on its Visa Integrated Marketing Solutions (VIMS), a card marketing platform designed to help small to medium-sized issuers optimize their marketing efforts.
Fifth Third Bank is launching a mobile app for commercial cardholders that will allow access to information and account features in a convenient, user-friendly format. In addition, cardholders will be able to suspend and un-suspend card accounts and enable push notifications to their mobile device.
SimplyTapp & Diebold are continuing to securely connect the digital and physical worlds of cash with a secure, white-label mobile wallet offering.
In today’s CardFlash News Que: AFFIRM (3dcart); SUMUP (mPOS); CREDITERA (Nav); and BUZZ POINTS (Kent’s).