CardWeb.com’s CardData database of Company Profiles today features First American Payment Systems.
NY-based PaidEasy announced a seed round of funding valued at $2 million from a private investor, Ivor Ichikowitz. PaidEasy just launched out of beta this week and plans to use the money to establish a footprint in New York City and its surrounding areas.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Steve Fredette, President & Co-founder of Toast.
CardWeb.com’s CardWatch database of more than 57,000 marketing items today features the Chase “Fraud Alerts” Credit Card Commercial from 2008.
One of Chile’s largest payment processing networks – Multicaja – has begun deploying Verifone’s 3G wireless payment terminal solution to enable merchants throughout Chile to enhance the consumer experience by securely accepting all forms of payment from beyond the counter”in any retail environment.
CardWeb.com’s CardData database of Company Profiles today features CashStar.
Moneris Solutions has rolled-out the PAYD product family for the U.S. market. PAYD Pro and PAYD are two innovative smartphone-based mobile point-of-sale (mPOS) solutions that empower merchants to process secure payments from anywhere and everywhere they do business.
CardWeb.com’s CardConferences today features the PayThink Conference at The Cosmopolitan in Las Vegas, September 28-30.
In today’s CardFlash News Que: SYNCHRONY (Mills Farm); GIESECKE & DEVRIENT (HCE); XACTLY (eWAY); and MASTERCARD (EMV).
The California Retailers Association, Latino Consumer Federation, and California Grocers Association sent a letter to California Governor Jerry Brown urging him to adopt a global credit card standard known as chip and PIN for all transactions that involve the state government. The groups believe that working with the Governor’s office to put forward a California solution that closely mirrors President Barack Obama’s BuySecure Initiative implemented in October 2014, would bolster security for transactions that involve state government.
Charge-offs among the nation’s top 6 issuers dropped 22 basis points (bps) year-on-year (YOY) to 2.81% for the second quarter, and down 16 bps sequentially. Bank of America (BofA) has done the best job of reigning in card losses, dropping 43 bps YOY.
Purchase transactions (PTX) for U.S. Visa and MasterCard credit cards rose 11.7% year-on-year (YOY) in the second quarter to 5908 million. PTX for U.S. Visa and MasterCard debit cards rose 7.0% YOY in Q2/15 to 12986 million. Both metrics have been slowing over the past year.