Online money transfer company Optimal Payments Plc said it expects to beat its forecast for the full-year after robust sales at its high-margin Neteller e-wallet business drove first-half pretax profit up 78 percent. The company’s shares rose as much as 7.8 percent to 510 pence in early trade on the London Stock Exchange on Wednesday. Pretax profit jumped to $27.5 million for the six months ended June 30, from $15.5 million a year ago.
Provisions for credit card losses among the top U.S. bank credit card issuers declined among most, ranging from 0% to -48%. The issuer with the largest provisions for credit losses is Discover and the smallest provisions for credit card losses is American Express, according to CardData.
CA-based Virtual Piggy is beefing up payment fraud protection for its Oink payment technology. Oink is the first e-commerce solution that enables kids and teens to manage and spend money within parental controls.
More Americans are relying less on credit cards since the Great Recession. A new report finds millennials in particular may have a greater aversion to debt, especially credit cards, since they grew up witnessing its effects on the economy.
CardWeb’s CardPixes database of more than 7,000 card images today features the Webster Bank Visa Signature Bonus Rewards card. The card is issued by Elan Financial Services.
CardWeb’s CardExecs database today features Nancy Murphy, SVP of Investor Relations at FIS. FIS is the world’s largest provider of banking and payments technology solutions.
Idaho’s PayPort payment service for utilities, state agencies and counties is expanding in the Gem State. Six more cities have jumped on the PayPort bandwagon.
Gem Bitcoin startup, launched a Bitcoin platform for developers at TechCrunch Disrupt SF’s Startup Battlefield. Selected as one of 30 companies competing for a chance to win $50,000 and the coveted Disrupt Cup, Gem’s full-stack API now provides developers with a complete solution that eliminates the pain of building Bitcoin security infrastructure into their apps. Founded by Bitcoin, Gem offers a platform for securing Bitcoin and other digital currencies. The importance of protecting Bitcoin balances and transactions is now mandatory in the wake of several recent industry security challenges resulting in the loss or theft of over half a billion dollars’ worth of Bitcoin. Gem’s solution, which can be deployed by developers in minutes, utilizes a three-key multi-signature system and several other integrated bank-grade security features to ensure Bitcoin wallets and funds are always secure and accessible. The combination of multi-signature technology with best-in-class authentication and monitoring systems in one comprehensive platform makes the Gem solution a first for the digital currency world.
NJ-based Heartland Payments Systems has closed on its acquisition of KS-based TouchNet Information Systems. Heartland paid a purchase price of $375 million in cash. The deal was first announced in July.
AcceptEmail e-bill payment has selected Worldpay to power its international e-billing solutions. AcceptEmail is the digital replacement for paper bills, reminders, bounced direct debits or payment plans. It allows consumers to pay their bills securely and directly from their e-mail inbox on a PC or notebook, tablet or smart phone. Real-time generated images convey the current bill status, resulting in an intuitive payment experience. Worldpay’s global payment capabilities and range of alternative payment types mean AcceptEmail customers are now able to pay using many of their preferred currency, language and payment methods, swiftly and simply.
Didier Lamouche is the CEO of Oberthur Technologies, a firm that offers end-to-end solutions in the Smart Transactions, Mobile Financial Services, Machine-to-Machine, Digital Identity and Transport & Access Control fields.
CardWeb’s CardPixes database of more than 7,000 card images today features the WalMart MasterCard. The Walmart MasterCard is issued Synchrony Bank.