The inclusion of home rent payments in Vantage Scores is having a significant positive impact for subprime consumers as well as consumers with thin files such students and recent graduates.
Prepaid card giant Blackhawk Network has beefed-up its digital services platform with exchange services, which allows users to instantly sell their retail, restaurant and a large variety of other brands’ gift cards.
Since the Great Recession finance executives’ confidence in the U.S. economy has never been higher and now have adopted a ‘spend-to-grow’ attitude. The U.S is joined by finance executives in India, Spain, China and Brazil wherein 75% of the top executives express the same optimism.
Aptito has ankled Eric Kirk as executive vice president of Aptito. The company offers a new generation, customer-engaged, patent-pending payments platform specializing in mobile Point of Sale, mobile commerce application, and self-ordering Apple iPad-based kiosk.
The PCI Security Standards Council (PCI SSC) announced it will convene acquirers and processors to collaborate on payment security solutions for the merchant community. The Acquirer Forum will take place on 2 April alongside TRANSACT15, the Electronic Transaction Association’s marquee global payment technology event in San Francisco.
CardWeb.com’s CardWatch database of more than 57,000 marketing items today features the 2012 Chase Premium Visa “2X Points on Travel & Dining” TV ad.
A new report reveals Superfish adware is really “Man-In-The-Browser” malware that threatens online banking and other banking activities. Data from the ThreatMetrix Global Trust Intelligence Network shows the Superfish Adware has been an increasing threat since October 2014.
GPN’s OpenEdge division and New West Technologies (NWT) have agreed to integrate Microsoft Dynamics AX with payment processing for multi-location retail operations.
U.S. bank credit card active accounts (accounts with sales activity) grew 16.8% year-on-year (Y/Y) and 13.4% quarter-to-quarter (Q-Q) in 2014. This comes despite the slight erosion in gross accounts of 1% by Chase, Bank of America and Citibank last year.
MasterCard (MC) Canada’s Gross Dollar Volume (GDV) rose year-on-year (Y/Y) 10.5%, on a local currency basis, in the fourth quarter (Q4/14). Growth exploded in the fourth quarter despite surveys showing Canadians reined in their wallets for the holiday season.
It is likely American Express will continue to lose U.S. marketshare to Visa (VS) and MasterCard (MC) in the first quarter, with MC doing the most damage, according to forecaster RAM Research. The AmEx erosion will continue throughout 2015 and will be impacted in the second quarter of 2016 when AmEx ends the Costco card, which accounts for 10% of AmEx Cards-in-Force (CIF).
GA-based Agilysys has beefed-up its POS software solutions to include a number of enhancements designed to boost efficiency, increase revenue and improve guest service, including support of Apple Pay, new mobility options and more.