In today’s CardFlash News Que: WINCOR (Nokas); DIGITAL INSIGHT (AZ FCU); EMAZZANTI (EMV); and BBB (Dropbox).
Cash transactions (CTX) for Visa and MasterCard credit and debit cards in the U.S. grew by 2.1% year-on-year (Y/Y) in the second quarter. Visa cash transactions are growing at a year-on-year (YOY) rate of 1.1%, compared to MasterCard’s 4.8%, according to CardData.
U.S. bank credit card active accounts (accounts with sales activity) among the nation’s top 4 issuers grew 2.1% year-on-year (YOY) and 1.6% quarter-to-quarter (QOQ) in the second quarter.
New research reveals a false-positive decline may be a bigger threat than transaction fraud and can seriously erode customer loyalty and pushes many consumers to abandon the issuer or merchant connected with the erroneous decline.
The financial industry is under disruption by nontraditional providers, however these providers are driving innovation. New research shows 49% of consumers believe nontraditional providers will have an impact on how financial services are delivered by banks and credit unions.
A new report found more than 54% belong to loyalty programs that enable them to save on the cost of fuel and rank these programs #1 for membership and activity over credit-card cash-back rewards, coupons, discounts, airline miles, hotel points and other rewards programs.
According to consumers worldwide, financial institutions excel at leveraging digital technology to meet convenience, choice and access needs of customers, but banks have permission to do more to become trusted advisors and move the banking relationship beyond transactional convenience to the center of the consumers’ living experience.
First American Payment Systems has unveiled 1stPayBlaze, a new product comprised of payment integration, merchant boarding and reporting tools that make it easy for ISVs (Integrated Software Vendors) to quickly accept payments on their platform and to sign up new merchants.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Gil Shwed is the founder, Chairman and Chief Executive Officer of Check Point Software Technologies.
QCash Financial, a provider of automated, cloud-based, mobile lending products for financial institutions, announces its QCash product suite is available as a white label offering for financial institutions.
Century Business Solutions has added yet another ERP system to its arsenal of programs to which it can integrate”a list that already includes QuickBooks, a suite of Sage programs, and Microsoft Dynamics, among others.
Meijer announced that its free digital savings program, mPerks, is turning 5 this week and has already set a company record with $100 million in savings to customers this year.