MasterCard is greatly beefing up investments in cybersecurity-related technology enhancements to the tune of $20 million.
Apple Pay is headed skyward as JetBlue will become the first major domestic carrier in the U.S. to accept Apple Pay on flights.
PA-based JetPay Payment Services has helped WePay to successfully launch its Canadian Operations. WePay is the leading provider of integrated payment services to crowdfunding sites, small business software and online marketplaces.
One of the largest financial institutions in the Netherlands is now offering its customers an easy-to-use, secure and private mobile payment system. Rabobank is now offering a mobile wallet with secure payment app from G&D.
American Bill Pay and American Benefits Foundation are getting slammed again by the FTC. Two new defendants have been named in a case against a phony debt relief and credit repair scheme.
NCR’s Digital Insight will be offering customers EyePrint ID for a password-free mobile banking experience. By using the camera on mobile devices, EyePrint ID technology takes an image and pattern-matches the blood vessels in the whites of the eye, eliminating the need to remember and thumb type a password.
Visa’s CyberSource unit racked up more than 2.19 billion transactions in the fourth quarter, up 16%, but continues to slow year-on-year.
The nation’s fifth largest payments processor reported record record quarterly net revenue of $188.3 million, up 26.2% from the fourth quarter of 2013. Heartland Payment Systems says same store sales rose 3.9% and net volume attrition fell to 10.7% in the fourth quarter, the best performance for each metric in over 5 years.
Visa is expanding the use of new security technology that replaces the traditional 16-digit Visa account number with a unique series of numbers, helping to prevent exposure of sensitive consumer account information in online and mobile payments.
American Express is dumping its U.S. co-brand and merchant acceptance agreements with Costco. The current contract expires March 31st.
The marijuana industry is quickly evolving and compliance becomes more of an issue each day, dispensaries need a seamless solution they can rely on for successful business operations, as well as the ability to protect their investments and prepare for effective banking relationships.
Western Union reported fourth quarter, revenues declined 1% compared to the prior year period, or increased 4% on a constant currency basis. The differential between reported and constant currency revenue was the result of depreciation of the Argentine peso, the Euro, and various other major currencies around the world.