CardWeb.com’s CardData database of Company Profiles today features payment services provider AsiaPay. The Company serves over 3,000 merchants and almost 20 financial institutions in Asia. Joseph Chan founded AsiaPay in 1999.
CardWeb.com’s CardWatch database of more than 57,000 marketing items today features the Serena Williams & the Chase Masters: The Anthem Commercial.
TouchSuite has taken non-profit payment processing for non-profits to a new level. The new, unique relationship with the non-profit advocacy and support institution, PVBLIC Foundation, will create an advantageous financial service partnership for the nearly 100 non-profit organizations within its network.
In today’s CardFlash News Que: SITESAGE (PCI); BANKRATE (Prepaid); Zoho (CRM); and ACCREDITRUST (funding).
While the U.S. EMV payment card migration is going full steam to meet the approaching deadline this year, payment card fraud will continue to grow by more than 25% over the next five years. Thanks to EMV, U.S. counterfeit fraud will decline by more than 80%, however CNP (Card Not Present) fraud will grow by more than 100% between 2015 and 2020.
The number of U.S. bank credit cards-in-force (CIF) will nearly double between now and 2020. Forecaster RAM Research projects, based on current growth rates, the number of U.S. credit cards with the Visa, MasterCard, American Express and Discover brands will top 1 billion by 2020.
The majority of credit unions have serious security concerns regarding insider threats. More than eight out of ten of the financial institutions acknowledge their biggest concern is confidential information being transferred to unauthorized recipients, while another 52% say they are worried about sensitive data being transferred by use of removable media.
Fraud prevention and risk management specialist Early Warning has signed a definitive agreement to acquire Authentify. Coupled with Early Warning’s 2013 equity investment and exclusive agreement with Payfone, the company has created a differentiated digital channels authentication solution suite that augments its identity and payments solutions.
MasterCard’s average ticket (TIX) per purchase for U.S. credit cards has increased 10.3% since 2009, compared to Visa’s decrease of 1.9% during the same five year period. MasterCard’s average U.S. debit card purchase TIX runs about 4.8% higher than Visa’s since 2009. According to CardData, the MasterCard average TIX for full-year 2014 for credit cards is $90.23 and $39.42 for debit cards, up $8.39 and 8 cents respectively, compared to 2010.
The average yield for U.S. Visa and MasterCard-branded credit cards, issued by the top four issuers, will likely decline by eight basis points (bps) for the first quarter, and down 30 bps from mid-year 2014. Forecaster RAM Research projects an average yield for the Big 4 of 11.30% in the first quarter, compared to 11.59% one-year ago.
New research shows nearly two-thirds of Americans are now smartphone owner and 57% have used their phone to do online banking. However, nearly half of smartphone-dependent Americans have had to cancel or shut off their cell phone service for a period of time because the cost of maintaining that service was a financial hardship.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Chris Nelson, CEO and founder of Zoot Enterprises.