MasterCard Harnesses AI for the 1st Time to Reduce False Declines

Mastercard unveiled Decision Intelligence solution utilizing artificial intelligence technology to help financial institutions increase the accuracy of real-time approvals of genuine transactions and reduce false declines.  This is the first use of AI being implemented on a global scale directly on the Mastercard network. Current decision-scoring products are focused primarily on risk assessment, working within…

Small Business Debit Usage is an Untapped Gold Mine for Issuers

A new report found nearly half of small businesses use business debit, creating both a strong user base and an opportunity to grow for debit issuers. However, use of personal demand deposit accounts (DDAs) and debit products persists, even among larger small businesses. Converting additional businesses to debit may be harder than it should be.…

CardTek CEO Wins Female Executive of the Year/Business Products

Ayşe Nil Sarıgöllü, CEO of Cardtek, was selected as the winner of a Silver Stevie Award in the Female Executive of the Year, Business Products, 11-2,500 Employees category in the 13th annual Stevie Awards for Women in Business. Ayşe Sarıgöllü was honored for her strategic leadership at Cardtek, the fastest growing technology company in EMEA,…

CanPay Takes Cannabis Payments to a New High

CanPay, the first debit payment solution for the cannabis industry, confirmed its availability to retailers and consumers in Washington, Oregon, and Colorado. On the heels of eight states legalizing recreational or medicinal cannabis last week, CanPay is the only legitimate and stable debit payment solution for merchants in newly legalized and established cannabis markets, operating…

PayZang Beefs-Up with New Payment Portal and API Services

Salt Lake City-based PayZang is taking-off big-time as it continues to demonstrate its ability to keep up with and even surpass the trends. A large part of the reason for PayZang’s continued excellence in providing merchant services is the staff’s awareness of the ever-changing needs of merchants and consumers of today. In response to these…

Sleek & Durable iPad Mini Case Handles Swipe, Dip & Tap Payments

Untethered payment terminals have allowed merchants of all sizes, whether a restaurant, retailer, food truck operator, or an artist working a craft fair, to bring the cash register to the customer and facilitate faster check-outs and a better service experience. The L7 Case is designed to create a roaming sales terminal that seamlessly combines an…

Samsung Rewards Takes Mobile Payments to a New Level in the U.S.

Samsung Pay unveiled a first-of-its-kind incentive program for a mobile payments platform in the U.S.: the “Samsung Rewards” program. For every transaction users conduct with Samsung Pay, enrollees in Samsung Rewards will earn points, which can eventually be redeemed for a variety of items, including gift cards to some of nation’s most popular retailers, prepaid Samsung…

Vantiv to Suck Up Moneris USA Solutions for US$425 Million

OH-based Vantiv has inked an agreement to acquire Moneris Solutions from Moneris Solutions Corporation (Moneris) for $425 million. Schaumburg, IL-based Moneris USA is the U.S. subsidiary of Moneris, which is a joint investment between BMO Financial Group and Royal Bank of Canada (RBC). Upon closing of the transaction, Vantiv will begin servicing Moneris USA’s merchants…

NerdWallet Ankles a Big-Time Exec as First Chief Product Officer

NerdWallet has ankled Tapan Bhat, veteran technology leader and former Realtor.com Chief Product Officer (CPO), as its first CPO. NerdWallet provides free tools and clear, unbiased advice to help consumers choose the best credit cards, mortgages, banks, insurance and other financial options for their lives. Bhat will report directly to co-founder and CEO Tim Chen.…

Chase Ink Biz Preferred Card Offers 80K Bonus Pts for $5K in 3 Mo

The new Chase Ink Business Preferred credit card rewards the spending of today’s businesses with three points per dollar on the first $150,000 spent each account anniversary year in combined purchases on travel, shipping purchases, advertising purchases with search engines and social media sites, and on internet, cable and phone services. New Chase Ink Business…

LendingTree Acquires CompareCards

LendingTree has acquired Iron Horse Holdings, which does business under the name CompareCards. CompareCards is a leading online source for side-by-side credit card comparison, comprehensive credit education and credit health management. CompareCards provides consumers with one centralized location for pertinent credit card information needed to find the best card for their needs. “CompareCards has an…