Corcentric & FIS & Comdata Develop an Integrated Pay Solution

Corcentric & FIS & Comdata Develop an Integrated Pay Solution

Corcentric, a provider of cloud-based financial process automation solutions, has launched its newest product, an e-payments solution to help its customers further automate and digitize their payments processes. This integrated, end-to-end solution automates back-end accounts payable and payment transactions, processes all of a company’s disbursements, dramatically reduces accounts payable and payment costs and efficiently manages…

Major 4 U.S. Credit Card GDV Up Nearly 7% YOY

Major 4 U.S. Credit Card GDV Up Nearly 7% YOY

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Gross dollar volume (GDV) for Visa, MasterCard, American Express and Discover cards (credit + debit) in the U.S. climbed 6.8% year-on-year (YOY) in 2Q/16 reaching a record $1482 billion.   Visa led the way in the second quarter posting a 9.0% YOY gain for U.S. GDV. Visa reported second quarter GDV…

Fiserv Beefs-Up Payment Fraud Manager

Fiserv Beefs-Up Payment Fraud Manager

Fiserv’s Payment Fraud Manager now offers a new, advanced predictive scoring model specific to Automated Clearing House (ACH) transactions. Payment Fraud Manager detected more than 90% of fraud while reviewing only two percent of the transactions, according to Fiserv model validation tests. Built to help financial institutions detect and stop fraudulent electronic payments in real…

Briefs: AMS; BLUEFIN; VPIG; and FIS.

In Other News: AMS (ISO); BLUEFIN (P2PE); VPIG (ROK); and FIS (Cardless). AMS – Applied Merchant Systems continues to develop its integrated electronic payment processing platform while consolidating with other growing merchant acquirers, or independent sales organizations. In that pursuit, AMS expanded its senior credit facility with Goldman Sachs Specialty Lending Group and Business Development…