San Francisco-based The CardLinx Association is kicking off a robust schedule of events for February and the Spring. Each forum in the series will focus on a dynamic area in card-linked offers.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Karen Webster, Chief Executive Officer of Market Platform Dynamics.
The average charge-off rate among the top four U.S. Visa and MasterCard issuers jumped 15 basis points (bps) in the fourth quarter after plunging to record lows most of 2014. Capital One (COF) Q/4 charge-offs soared 56 bps sequentially.
Three of the top four U.S. Visa and MasterCard issuers are seeing a continuing credit quality reversal in 2014 as delinquency rates headed higher in the fourth quarter. Bank of America (BofA) posted a five basis points (bps) downtick in Q4 but it is insignificant as their 90+ delinquency rate headed higher.
New research shows revenue of mobile commerce merchants lost to fraud spiked 70% in 2014 to 1.36% compared to 0.80% in 2013. For comparison, all merchants lost 0.68% of revenue to fraud in 2014 in comparison to 0.51% in 2013.
Cyber criminals are expanding their tactics this year and are attempting to adapt their techniques to carry out cyber attack campaigns in ways that make it harder to detect and analyze.
MasterCard is lifting a block in March 1st on U.S. bank-card transactions in Cuba after receiving guidance from the Treasury Department’s Office of Foreign Assets Control.
USAePay has unleashed its Android App update version 1.4.0, available for free download on the Google Play Store. Designed to meet the needs of today’s merchants, USAePay makes processing payments seamless, speedy, and secure.
The NCR Silver cloud-based POS system for small businesses is expanding payment acceptance options. The latest is the integration with Apple Pay, Bitcoin and LevelUp.
Silicon Valley-based WePay has become the first payment provider to integrate Google Wallet Instant Buy into its checkout experience. Invoicing platform and WePay partner, InvoiceASAP, was the first to adopt the new service, instantly enabling its more than 200,000 small business customers to accept Google Wallet.
San Jose-based ThreatMetrix has aligned with Data Privacy Day by outlining strategies for businesses to build trust on the Internet through better cybersecurity measures without compromising consumer privacy.
Synovus Bank recently launched a new Mobile Banking App which offers Mobile Deposit, a service that allows customers to make deposits with their smartphones; Pay People, an on-the-go service that allows mobile customers to send money to individuals via an email address or cell number; and Instant Balances, which gives customers the ability to check account balances without logging into their account.