CardWeb.com’s CardData database of Company Profiles today features processor Digital River. The Company is a major provider of Commerce-as-a-Service solutions.
Countries that have already adopted EMV have experienced a significant increase in online fraud following the migration, and the U.S. is not expected to be an exception. In fact, online fraud increased 21% in Europe in 2012, in part due to the introduction of EMV cards.
In today’s CardFlash News Que: INGENICO (Intel); BANKRATE (Quizzle); POWA (Worldpay); and DICARO (ATMs).
CardWeb.com’s CardWatch database of more than 57,000 marketing items today features the Discover Card TV Spot, ‘Job Loss Support’ Song by Of Monsters & Men
Only 58% of students from four-year institutions said they were prepared to manage their money, while 12% of respondents said they never check their bank balances because they are too nervous. Additionally, 16% of student respondents lived paycheck to paycheck and yet only three-quarters stopped spending when their bank account balances were low.
CardWeb.com’s CardData Reports today features “Country Payments Market Profile: Turkey” report from the Mercator Advisory Group.
Prepaid card king The Bancorp has ankled Gail Ball as Executive Vice President and Chief Operating Officer. Most recently she served as the Head of the Payment Studies Group of the Federal Reserve Bank of Richmond.
Visa’s average ticket (TIX) per point-of-sale (POS) purchase has been rock solid for the past five years. According to CardData, the Visa average TIX for full-year 2014 for credit cards is $84.18 and $37.57 for debit cards, down 60 cents and up 48 cents respectively, compared to 2010.
The nation’s fourth largest Visa and MasterCard issuer ended 2014 with declining outstandings, below industry average purchase dollar volume (PDV) and a slight uptick in delinquencies, but profits remained flat sequentially. Forecaster RAM Research projects Citibank (Citi) will post $64.1 billion in outstandings and $41.1 billion in PDV for the first quarter.
FIS has opened its fourth payments innovation lab to serve as a hotbed for the continued development of the Company’s disruptive digital and mobile capabilities, as well as shorten time-to-market for new applications.
Austin-based Mozido joins in mezzanine funding for IdentityMind Global, a risk management platform for e-commerce and regulatory compliance. The investment will also integrate IdentityMind’s technology into Mozido’s MoTEAF platform, a cloud-based mobile payments ecosystem.
TSYS’ ProPay has rolled-out a suite of services designed to simplify and enable payment facilitators with aggregation and traditional payment processing services. The new ProFac Express product offers
online application/boarding; underwriting services/risk management; and processing capabilities.