San Francisco-based Credit Karma has received $175 million in a Series D funding round with participation from Tiger Global Management, Valinor Management and Viking Global Investors. Investors have made $368.5 million in total equity investment to date.
General purpose and private label credit, debit, and prepaid cards generated $5.165 trillion in payments for goods and services in 2014. Processing fees, including interchange paid by U.S. merchants to handle that business, were $78.09 billion, up from $72.44 billion in 2013 when fees were $4.768 trillion.
Barclaycard US has appointed Curt Hess as Interim CEO. Hess has been with Barclays for eight years, most recently holding the position of Chief Financial Officer for Personal and Corporate Banking in London.
The most common form of customer education about EMV is through printed material sent along with the new card: 47% of EMV cardholders said this is how their primary bank informed them about what the chip was for.
Total household debt in the U.S. was $13.512 trillion at the end of 2014 and credit cards accounted for 6.52% or $881.57 billion. The ratio of credit card debt to household debt was highest in 1996 at 10.05%.
Experian Data Breach Resolution issued a white paper on the current state of data breach legislation that shapes how companies must prepare for and respond to a data breach.
Experian Health has joined forces with AxiaMed and Ingenico Group to deliver a new solution that enables fast, efficient and secure customer payment transactions. The EMV-compliant device allows hospitals and medical providers to protect patient financial information as well as reduce their liability should a fraudulent transaction occur.
Bit-X Financial Corp. announced that its new exchange DIGATRADE™ is set to go-live June 29th and will operate under the domain www.digatrade.com.
Nautilus Hyosung America (Hyosung), the #1 provider of ATMs in the United States and market leader in Branch Transformation solutions, has teamed with Elan Financial Services (Elan) to provide banks and their customers with a consumer-focused, innovative ATM experience.
While 54% of Americans report that they feel happy when they save money, more than a quarter (28%) report that they always or very often spend their savings, according to a new survey released today by Capital One Bank. The Capital One 2015 “Challenge Your Savings” report reveals that more than a third (36%) of Americans say their income is not high enough to allow for much savings and on top of that, when they do save, the top reason is to pay off debts.
BillingTree® announced it has once again successfully passed the PCI-DSS audit, this year audited under the new PCI 3.0 standards. The new PCI-DSS is designed with an increased focus on operational standards, security and training to provide greater clarity, flexibility and ease of implementation for vendors. The latest announcement is a continuation of BillingTree’s commitment to remaining at the leading-edge of industry compliance.
PaymentVision inked a deal with Megasys. This partnership allows clients of Megasys to process electronic payments – credit card, debit card, or ACH – in one-time, recurring, and fee-based transactions from directly within the Megasys Omega and FA systems.