AARP and Google want New Yorkers age 50+ to be smart online to keep identity thieves out of their wallets and to protect their personal information. Today, at an event co-hosted by the AARP Fraud Watch Network and Google at Google’s Chelsea offices, the groups released the top five tips that every New Yorker should know to avoid identity theft and keep their passwords, credit cards, and other sensitive financial information safe.
In today’s CardFlash News Que: BOFA (Euromoney); FAPS (award); BATCHED.COM (EMV); and E-COMMERCE 4 (report).
American consumers continue in the healthy buying mode after ratcheting up revolving credit by $39.1 billion or 5.7% year-on-year (YOY) in May. Total revolving credit for March preliminarily posted $901.0 billion, compared to a revised $899.4 billion for the prior month and $860.9 billion for the prior year.
Payment card profits for the top four networks will likely rise nearly 4% for the second quarter predicts forecaster RAM Research. Visa, MasterCard, American Express and Discover reported a combined 1Q/15 profit of $4090 million, compared to $3975 million for 1Q/14.
While payment cards and travel are going through a revolution, new research shows 93% of travelers said that despite digital advances in the travel industry, the value of personal service cannot be replaced.
Giesecke & Devrient (G&D) has been certified “Visa Ready” by Visa for Host Card Emulation (HCE) cloud based payment services. With the Visa Ready status, Visa ensures that technology and service providers develop and deploy products and services that are compatible with Visa’s requirements. G&D’s data center in Canada has received Visa Ready certification as a provider for cloud based payment services.
MasterCard is giving fans using Apple Pay to pay at the 2015 MLB All-Star Game presented by T-Mobile in Cincinnati, along with a Priceless experience. Those attending the 2015 MLB All-Star Week festivities will not only be able to use Apple Pay on-site for food and merchandise purchases, but when they do they could also receive a Priceless Surprise.
The third annual Key Business Drivers & Opportunities in Cross-Border E-Commerce survey is now open for input from merchants and payment professionals from around the world. Last year’s survey polled nearly 700 e-commerce and omnichannel merchants, payment service providers, acquirers and consultants, quantifying stakeholder attitudes about this increasingly important segment of payments.
Payverifi has teamed with Kount Systems in order to enhance their fraud management systems. The partnership will allow Payverifi’s pre-existing systems to dive in even deeper to each particular transaction, instantly checking hundreds of fraud check points.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Mike Baxter, Senior Vice President, Product Development of Entrust Datacard
TV and video ads from Discover “Freeze” totally rocks in the second quarter. Ads from Discover Card tap into what is called the “professor personality” to inform and reach consumers.
American Express has redesigned its U.S. Amex Mobile app for iPhone and Android. Available for Personal, Small Business and Corporate Card Members, the redesigned app includes the convenience of Touch ID login, nearby offers on a map, rewards information and unique mobile service features like on-the-spot fraud alert verification.