San Francisco-based Credit Karma is expanding to offering “thin file” consumers access to the information in their credit files and details on why they do not have a credit score. The information site will also offer recommendations.
Employees may come to work with a compromised wearable device, or pull their hacked connected vehicle into the company parking lot. This creates a new type of cyber risk for organizations – with significantly increased complexity and exposure. As the Internet of Things increases the cyber “attack surface,” companies must broaden defenses to include the plethora of embedded devices that now make up their ecosystem.
Marrying smart phones with ATMs is spurring the ATM market big time. New research shows the ATM market in Asia Pacific is in a developing phase. China, for instance, has tripled its ATM installations from 130,000 in 2007 to 339,000 in 2011.
While more than eight out of ten of financial institutions are currently offering mobile banking services, 36% of consumers say they are still not using it. However, those using at least once a week climbed to 45% from 37% during the same period.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Jim Kelly, Chief Executive Officer of EVO Payments.
CardWeb.com’s CardData Reports today features the The Cards and Payments Industry in India: Emerging Trends and Opportunities to 2019 report. The report provides values and volumes of a number of key performance indicators (KPIs) operating in the industry, including credit transfers, check payments, cash transactions, payment cards and direct debits during the review period (2010-2014).
USAA Technologies has landed a big upgraded contract with Southern Refreshment Services. The latest agreement builds on an already successful, 10-year relationship between the two companies.
Verifone is now using Thales nShield hardware security modules (HSMs) for its end-to-end payment encryption solution – VeriShield Total Protect – to provide robust, high speed, scalable crypto to protect card holder data, whether transmitted from a card or mobile device, right from the moment of capture.
CardWeb.com’s CardData database of Company Profiles features Meta Financial.
In today’s CardFlash News Que: WAUSAU (RDC); PAYSCOUT (STFS); MINTEL (college); and BANKRATE (millennials).
American Express total volume for the Japan, Asia Pacific & Australia region rose 16% year-on-year (YOY) in the first quarter; the Europe, Middle East & Africa region increased 8% YOY, while the Latin America & Canada billed business declined 4% YOY in Q1, all on a currency adjusted basis. Overall, billed business outside the USA was up 8% YOY.
The number of U.S. credit cards issued on the Visa, MasterCard, American Express and Discover networks is expected to reach 943 million by year-end 2019. According to forecaster RAM Research, the U.S. credit card industry is growing at a CAGR of 9.08%.