TSYS signed a new licensing agreement with FICO. The agreement will deliver a revolutionary, analytics-powered marketing product for card issuers called TSYS Targeted Messaging powered by FICO.
InComm integrated POS technology announced PayPal will utilize the InComm Digital Solutions (IDS) platform to support PayPal’s digital gifts services. IDS will enable PayPal to expand the number of leading retailers’ gift cards that it sells real-time on the PayPalDigital Gifts store and on the eBay marketplace. With this PayPal customers can now purchase digital gift cards from more of the leading brands, can quickly purchase and send digital gift cards either for gifting or self-use and can benefit from future mobile payment capabilities, driven by PayPal’s innovation and integration to the IDS platform.
Green Dot Corporation (GDOT) supports the CFPB’s newly released prepaid debit card Notice of Proposed Rulemaking (NPRM). Green Dot’s Founder testified yesterday at the CFPB field hearing on the topic and believes that its business will not be materially impacted by the CFPB’s newly proposed rules. Furthermore, Green Dot fully supports the proposed rules that mandate “Regulation E” consumer protections for lost or stolen funds and disputed transactions, including the providing of provisional credits to consumers, and the CFPB’s proposed rulemaking dealing with the new framework for overdraft programs attached to prepaid cards.
The mobile device and network security investments will account for nearly $11 Billion in 2014. The market is further expected to grow at a CAGR of nearly 20% over the next 6 years.
Square, Latino Startup Alliance and Xoom have launched Soy Empresaria, a program to give Latina entrepreneurs in California the opportunity to win $10,000 in financial support and mentorship.
CardWeb.com’s CardWatch database of more than 57,000 marketing items today features the Capital One Venture Card – “Musical Chairs.” TV ad.
CardWeb.com’s CardExecs database of payments industry mover and shakers today features Darren Wilson, President of EVO Payments International.
Gemalto has been selected by New Zealand’s Westpac to offer its Optelio Contactless Sticker for mobile payment. Westpac customers attach the sticker to the back of their mobile device to make quick, secure contactless payments.
Moscow-based Net Element reported Russian mobile payment revenues were $461,328 for the third quarter and $338,295 for the second quarter. The Company expects to record quarterly growth in its Russian mobile payment processing business with revenues for the second quarter 2014 being the lowest level of revenues.
CardWeb.com’s CardPixes database of more than 7,000 card images today features the Aspire Travel MasterCard. The card issued by Capital One Canada.
American Express International Card Services reported third-quarter net income of $142 million, unchanged from a year ago. Gross Dollar Volume for the International unit in the third quarter rose 4% to $33.9 billion.
Payments volume for Diners Club International rose 3% year-on-year and flat sequentially in the third quarter. Gross Dollar Volume posted at $6.78 billion in Q3/14, compared to $6.73 billion in the prior quarter and $6.55 billion one-year ago.