A new study has determined the security of credit and debit card information is a bigger concern for consumers than their health, retirement savings or losing their cell phone. Interestingly the survey found more than one-fifth of respondents stated they do not feel secure when paying with debit cards at retail establishments.
A benchmarking study on the retail gift card industry finds Sephora as ranking at the top. Starbucks ranked as number two and The Home Depot as number three.
CardWeb.com’s CardData financial database projects Capital One’s (COF) after-tax profits will likely remain flat in the third quarter. COF reported a 5% year-on-year (Y/Y) decline in second quarter (Q2/14) after-tax U.S. bank credit card profits to $607 million. The decline was primarily driven by a 14% Y/Y decline in net interest income.
The average out-of-network ATM fee has climbed to an eight year high, jumping 23% over the past five years. The average cost of going outside the network is now $4.35 per transaction.
Along with street vending, food trucks are one of the fastest-growing segments in the hospitality industry. According to the National League of Cities, food truck revenue is expected to increase 76% over the next five years.
NC-based Paragon Application Systems, an independent, global ePayment testing solution provider, concludes that card payment channels are being left behind by other banking channels as they struggle to deliver business change using 20th Century application life cycles.
Glen W. Herrick is the Executive Vice President and Chief Financial Officer of Meta Financial Group and MetaBank. Meta Financial Group is the holding company for MetaBank.
The creators of the Wocket smart payment wallet are now workingon an additional software feature called WocketPass. NXT-ID’s WocketPass keeps all of passwords in your pocket and locked within your Wocket, rather than managed by a third-party on a shared cloud.
Misys has launched Misys FusionBanking Corporate FrontOffice integrated with enterprise pricing and credit lifecycle management. The latest packaged solution in the FusionBanking portfolio for corporate banking delivers a single view across the corporate client business.
ACI is now ranked 20th on the list of financial technology companies that were judged according to their global revenues. The ranking was made by the IDC Financial Insights 2014 FinTech Rankings. ACI moved up four places in the rankings.
Fundtech enhanced its flagship Global PAYplus payment services hub, complete with new business capabilities, and improved usability and performance. Global PAYplus’ new user interface can be customized to be task-specific, helping users to prioritize and focus only on those things that require their attention, enabling work load to be optimized and streamlined,
WI-based Fiserv has been awarded the 2014 SWIFT Certified Application Reconciliation label for its Accurate Reconciliation solution for transaction matching, reconciliation and exception management.