CardWeb.com’s CardConferences today features the PayThink Conference at The Cosmopolitan in Las Vegas.
Pipestone System, an agricultural organization based in Minnesota, now uses the reloadable BlazePays Visa Prepaid Card managed by Capital Prepaid Services for payroll.
In today’s CardFlash News Que: RAND (One Payment); PAYITSIMPLE (award); WIRECARD (Sparhandy); and THREATMETRIX (cities).
During this decade, the average debit cardholder increased usage of debit at the POS by 32%. In the same timeframe, card use for ATM withdrawals declined by 41%.
Global purchase transactions (PTX) for Visa and MasterCard debit and credit cards, excluding Visa Europe, soared 12.6% year-on-year (YOY) in the second quarter (Q2/15) and 8.6% sequentially. MasterCard continues to drive the market with an 17.4% YOY gain in PTX, compared with Visa’s 11.0% YOY PTX gain.
U.S. cash dollar volume (CDV) for Visa and MasterCard debit and credit cards rose 5.2% year-on-year (YOY) in the second quarter (Q2/15) and 5.2% sequentially. MasterCard racked up an 8.0% YOY gain, compared to Visa’s 4.1% gain, driven by MasterCard’s aggressive prepaid push.
NASA Federal Credit Union announced the pending launch of a series of Star Trek credit cards. The Star Trek credit cards, under license by CBS Consumer Products, will provide unique rewards of Star Trek merchandise and experiences – in addition to the outstanding value of the current NASA Federal Credit Union Platinum Advantage Rewards credit card program.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features George Frazis, Chief Executive, Consumer Bank of Westpac Australia.
Today’s loyalty programs need to strengthen interactions with the customer and increase loyalty by enabling enhanced services and rewards, such as: real-time customer identification in-store to enable guided selling; customized rewards based on customer preferences; and gamification to engage customers and encourage social interaction.
A majority of small business owners are unaware of the impending EM liability shift coming in October. Less than half of small business owners who accept point-of-sale card payments today report being aware of the October 1 liability shift, the date when a card issuer or merchant that does not support EMV chip card technology will assume liability for any fraudulent point-of-sale card transactions.
CashStar, the industry-leading provider of prepaid commerce solutions has closed o $15 million in growth capital. FTV Capital led the Series D round, joined by new investor Mosaik Partners and existing investors Passport Capital, Intel Capital, North Hill Ventures and others. This financing brings the total capital raised by CashStar to $50 million and will enable the company to continue investing in product innovation, sales and client success.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Vasant Prabhu, Executive Vice President and Chief Financial Officer of Visa, Inc.