Intuit is releasing a new integration for marketplaces using Stripe for payment processing. This lets independent for-hire workers automate tax reporting via the new QuickBooks Online Self-Employed product. Intuit and Stripe make keeping track of and paying taxes simple through automation. With this new integration, on-demand marketplaces can give their users the free benefit of having their income data flow securely into QuickBooks Online Self-Employed, so that they always have a clear picture of their tax obligations and can easily track deductions, such as business expenses and mileage. This prevents tax penalties and avoiding having to pay any unneeded interest.
MasterCard, the official card of the Waste Management Phoenix Open, and the PGA TOUR have teamed to offer contactless payments this year.
Prepaid buyers are increasingly younger: 2 in 3 young adults (aged 18-34) surveyed bought prepaid cards, up from 3 in 5 surveyed in 2013. And they are increasingly mobile enabled, as nearly 2 in 3 smartphone owners, 3 in 4 smartphone and tablet owners, and 9 in 10 adults who have paid for goods and services by mobile phone have bought prepaid cards within the previous year.
UL is pleased to introduce a new test solution that was developed together with 7Layers, for handset manufacturers and conformance test laboratories, who want to test and verify the implementation of UICC-based NFC functionality in mobile devices.
The GSMA has produced technical core requirements (TS.26 NFC Handset API & requirements) and related test cases (TS.27 NFC Test book) for testing the UICC based NFC functionality in mobile devices. GCF and PTCRB have added these GSMA test requirements into their respective certification programs. Therefore, and among other mandatory requirements, mobile manufacturers must pass these GSMA test cases using officially accredited test laboratories under these certification schemes. In order for handset manufacturers to test the behavior of their NFC device, under the conditions defined in the GSMA test cases, and to verify its compliance with the specific GCF/PTCRB certification requirements, UL and 7Layers have developed automated test platforms, that are officially validated by GCF and PTCRB.
Experian Data Breach Resolution has enhanced its “ProtectMyID” active fraud surveillance and identity theft resolution solution. Partnering BillGuard card fraud monitoring mobile application, Experian makes available the “ProtectMyID” comprehensive solution for protecting exposure of Social Security numbers and payment card numbers. Members of Experian’s ProtectMyID can now download the BillGuard mobile app and access both their ProtectMyID alerts and BillGuard features within the BillGuard mobile app.
Capital One (COF) reported a 7% year-on-year (Y/Y) rise in fourth quarter (Q4/14) after-tax U.S. bank credit card profits to $487 million, but sequentially declined 11.5%. However, Purchase Dollar Volume (PDV) rose 15.5% in the quarter to $58.2 billion.
Synchrony Financial (f/k/a GE Capital Retail Finance) posted a 19.9% surge in fourth quarter (Q4/14) profits to $531 million, but slipped slightly from the prior quarter. Period-end loan receivables growth for the retail payment card giant remained strong at 7%, driven by purchase volume and average active account growth.
The first ever company in the world to manufacture and offer three kinds of product line up from Barcode and RFID reader devices, printer equipped payment terminals, and industrial tablets is gearing up to light up the payments arena.
The Supreme Court this week decided not to take up a merchant-filed appeal challenging the Federal Reserve’s 2011 rule-making on “reasonable and proportional” debit card fees.
San Francisco-based Xoom is incorporating Apple’s Touch ID technology into their mobile money transfers application. This gives customers the option to use their fingerprint data to sign in to the Xoom application on the iPhone 5s, 6 and 6 Plus.
Pentagon Federal Credit Union (PenFed), the second largest credit union credit card issuer, has named a new executive vice president of business development and government and community affairs.
Emerging Greenlight Planet unveils the Sun King Eco Easy Buy, a pay-as-you-go platform that enables customers to purchase Sun King Eco solar lamps in staggered 10-week installments. Greenlight Planet has sold over 3 million Sun King solar lamps, has 11 offices globally, over 700 full-time employees and 6,000 Sun King micro-entrepreneurs.