MoneyGram may have turned the corner following the loss of the Walmart account as U.S.-to-U.S. transactions declined 37% in Q1, compared to a 40% decline in the fourth quarter. MoneyGram says lower pricing and self-service products in December was the primary driver.
American Express has corralled nine major U.S. merchants to form the first U.S.-based coalition loyalty card program. The new Plenti card and/or FOB can be used any form of payment that the partner accepts at checkout – cash, credit, debit or prepaid and offers cardholders the ability to double-dip with other rewards payments cards.
Visa has introduced an EMV toolkit to help business owners manage the transition to chip technology for credit and debit cards. VisaChip.com/BusinessToolkit provides merchants with a 10-step implementation guide, downloadable tools and resources, and a module to train employees on accepting chip cards at the point-of-sale (POS).
MasterCard is beefing-up MasterCard Business Network by putting c-suite level information at business owners. MasterCard Business Network 2.0 was built in collaboration with and is powered by BCSG, a cloud solutions provider which supports small business clients around the world.
A new survey finds more than 50% of professionals believe the use of mobile payments systems increases the risk of suffering a data breach. More than half accept that risk (53%) and noted that, for their company, customer convenience is more important than security.