With the average cost of a data breach at $136 per record, and the cost of non-compliance with PCI being on average, more than 2.5 times greater than compliance, brands and call centers are more focused than ever on becoming PCI compliant.
If there was ever a time for consumers to embrace mobile payments, then that time is nigh. Apple’s entry into the field sends a clear signal that mobile payments are here to stay.
CardWeb.com’s CardExecs database of card industy movers and shakers today features Lucas Duplan, Chief Executive Officer of Clinkle. Clinkle is a mobile payments startup company.
Naples, FL-based ACI has formed a strategic partnership with Shaw Systems Associates. The Company also announced Langley Federal Credit Union has selected the company to power its internet banking and loan payment initiatives.
Cedar Park, TX-based IBT announced Allied First Bank of Oswego, IL has deployed its remote deposit capture (RDC) function to streamline operations, improve back-office efficiencies and reduce risk with a user friendly.
Santa Cruz, CA-based PayStand, a next generation online payment solution, is now making platform integration even easier with the introduction of the PayStand API. This is the first API to combine a solution for accepting Bitcoin, eCheck and credit cards.
Tamarac, FL-based 3dcart is integrating the MasterCard digital payment solution into their commerce offering. The new MasterPass service will reach over 17,000 online stores within the 3dcart network of small business.
CardWeb.com’s CardPixes database of more than 7,000 card images today features the Simmons First Visa Platinum . The card is issued by Pine Bluff, Arkansas-based Simmons First National Bank.
While most segments of the payment card issuing business are saturated with targeted products, there remains a potentially lucrative market segment that has not been fully developed. The “Near Prime” segment represents new card account applicants who live on the border of becoming prime, but they are just not yet there.
One week after announcing it will become a separate company and hiring a big gun from American Express to be CEO, PayPal is feeling the heat from the emergence of Apple Pay. This morning PayPal is encouraging its 152 million active registered accounts to download a NFC App to turn their mobile phone into a payment device.
CardWeb.com’s CardData financial database projects Visa will report $1205 million in profits for the third quarter. Visa announced today it will release its latest quarterly results on October 29th after the market close. MasterCard will report on October 30th before the market opening.
Co-branded credit cards are mature products ripe for change. A new report suggests some nuances are beginning to emerge as both issuers and brand partners seek differentiation within this homogenous product set.