As the United States transitions to EMV, POS fraud will grow less lucrative. Higher-security cards will make counterfeiting substantially more difficult, if not impossible. Additionally, any encrypted or tokenized payment information will make data gained from compromised terminals useless for future POS transactions.
Entrust Datacard released the latest release of the Datacard CardWizard software version 6.3. This release is the newest and most robust release of the company’s proven software that features new functionality and enhanced capabilities for financial institutions instantly issuing payment cards in-branch.
TX-based Sigma Payment Solutions announced an alliance with KISS Concepts Group to market their solutions to auto dealers in the buy-here-pay-here industry, as well as finance companies, credit unions and banks throughout the USA.
At the Federal Trade Commission’s request, federal courts in New York and Georgia have temporarily halted three debt collection operations that allegedly violated federal law by threatening and deceiving consumers via text messages, emails, and phone calls. The FTC seeks to permanently end the unlawful practices.
The Visa Board of Directors elected Lloyd Carney as a new independent director. Mr. Carney will also serve as a member of the Board’s Audit and Risk Committee.
Rêv Worldwide, a payments processing and product innovations company announced that Yobie Benjamin has been appointed and elected Chairman of the Company’s Board of Directors.
CA-based Blackhawk Network inked a definitive agreement to acquire Achievers Corp. Achievers is a leading provider of employee recognition and rewards solutions designed to help companies increase employee engagement. The acquisition will broaden the reach of Blackhawk’s already extensive incentive and engagement business.
U.S. Bank and Fiserv have expanded their relationship of 15 years. U.S. Bank, the fifth largest bank in the United States, inked a five-year renewal for the CheckFree RXP electronic billing and payment, Popmoney personal payment and TransferNow account-to-account transfer solutions.
AiryHair, one of the largest online suppliers of human hair extensions and accessories has replaced wire transfer payments with Bitcoin, Litecoin, and Dogecoin cryptocurrencies. By accepting these three new forms of digital currency, AiryHair is the first hair extension wholesaler to do so.
Nearly one-half of smartphone bankers are banking from their mobile phones in the bedroom. Additional findings show 30% bank while in the bathroom and 13% while driving. Among online smartphone shoppers, 4% of them are shopping on their mobile phones while crossing the street or standing in line (18%).
Bank of America Merchant Services inks its participation in the American Express’ OptBlue program. OptBlue provides simplified sign-up and management of American Express card-related processing for small businesses.
DB Card Services in the Netherlands has issued the 1.3 millionth Card Issued by Prepaid Financial Services. The DB Card is a Euro Prepaid MasterCard launched in 2013 by PFS and DB Cardservice, an innovative payment provider and distributor based in Netherlands.