In today’s CardFlash News Que: TapTrack (NFC); Connect First (PCI); ParTech (m-POS); and Cubic (TfL).
Digital River is processing online payments for peerTransfer, a provider of global payment solutions for foreign students and educational institutions. peerTransfer is using the Digital River World Payments solution to facilitate student tuition payments made via credit card in 59 currencies across North America, Asia Pacific, Europe and parts of Africa.
While three of the nation’s four largest issuers struggle with growth in U.S. outstandings Capital One (COF) emerges as the only major U.S issuer not facing erosion or stagnation, but real growth. COF’s End-of-Year (EOY) U.S. credit card outstandings have produced a compound annual growth rate (CAGR) of 9.63% between 2010 and 2014, according to CardData
Visa’s global gross dollar volume (GDV) rose 3.3% on a nominal U.S dollar basis in 2014, but currency adjusted is up 10.5% year-on-year (YOY). The CEMEA and LAC regions are the big drivers behind the growth. RAM Research projects Visa’s global GDV will log in around $1788 billion in Q1/15.
Whoops – they did it again and for the 19th consecutive time. Discover agains shared the top spot in the credit card category this year in customer brand loyalty. Discover has held or shared the top Brand Keys ranking in its category for the past 19 consecutive years.
A mobile software development kit (SDK) that helps identify fraudulent behavior and reduce friction for transactions originating from mobile application has been introduced. ThreatMetrix TrustDefender Mobile is here for its customer
Facebook yesterday added a free Person-to-Person (P2P) payments option to Facebook Messenger for U.S. users. Facebook, which already processes transactions for online games and advertisers, has been itching to get into the payments arena big time.
The first and only account opening solution on the market that offers online, mobile web and native app versions continues to provide financial institution end-users and employees the most comprehensive and concise onboarding workflow available through their preferred channel.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Kathy Nevill, Chief Financial Officer of EFT Source.
Bankrate reported commissions for signing up new credit cardholders for issuers of $60.1 million for the fourth quarter, compared to $62.8 million in the prior quarter. Total revenue for Q4/14 is approximately $136.5 million.
Through TouchSuite’s Gift Card Exchange (GCE) merchants of TouchSuite’s Lightning Payment solution may now accept the gift cards of more than 100 top brands as a form of payment from their customers.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Talbott Roche, President of Blackhawk Network.