[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Visa continues to amaze as profits for the second calendar quarter hit $1.36 billion, an 11% gain over the year ago quarter. (Visa Inc. does not include Visa Europe.) Payments volume growth, on a constant dollar basis, for the three months ended June 30th was up 11% over the prior year…
Top Visa and MasterCard issuers continue to realize the rewards of lower delinquency as ratios drop significantly in the second quarter to new bottoms. Chase, the nation’s top issuer. posted a 20 basis points (bps) sequential decline and a 28 bps annual decline in 30+ day bank credit card delinquency in the second quarter.
POS and cashless vending solutions accelerate Apriva’s rapid growth since 2010. AprivaPay Plus, Apriva Vend, Apriva POS Universal Application, Apriva Campus Solutions and Apriva Integration Services all contributed to the huge success.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Shazam Network has announced an with MasterCard to provide all members of the Shazam Network with an EMV license for MasterCard products. The intention with this agreement is to provide merchants and issuers routing choice for contact and contactless payments supporting PIN, signature or no cardholder authentication. The Shazam Network…
LendingTree launched its personalization platform, providing consumers with completely free credit scores and analysis, access to monthly updates, detailed account insights and proactive, market-based offers to illuminate potential savings opportunities across multiple loan categories. Once a free account is created at LendingTree, users are provided with their current credit score using VantageScore 3.0. Introduced in March of 2013, VantageScore 3.0 is the first credit score model to be built on post-recessionary data, and it has the ability to generate a credit score for 30-35 million more consumers than traditional credit scoring methodologies. The VantageScore model is a tri-bureau credit scoring model that is uniquely able to be deployed at all three national credit reporting companies (CRCs), Equifax, Experian and TransUnion, resulting in more consistent credit scores and less confusion among consumers.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] UL qualified its Collis EMV Personalization Validation Tool through MasterCard. Professional testing of personalized MasterCard EMV/PayPass cards is essential to ensure global card acceptance. In addition, debit MasterCard cards issued in the U.S. must support the MasterCard AID and the U.S. Maestro AID in order to fulfill unaffiliated network routing requirements…
New TSYS ProPay solution offers access to the largest trusted identity network of shared intelligence, and provides insight into positive and negative behavior and threat intelligence ” for both online personas and devices ” using trust-based authentication. The secret weapon is the ThreatMetrix Global Trust Intelligence Network.
Taulia raised $27 million in Series D funding. The round was funded by current investors, including Matrix, Trinity, Lakestar, DAG, and led by QuestMark Partners. The funding comes as the San Francisco-based startup has seen more than a 300% increase in revenue during the first two quarters of 2014, compared to the same two quarters from 2013. Taulia attributes the unprecedented growth to doubling its number of customers in 2014, and maintaining its 100 percent customer retention and renewal rate. This includes a number of significant customer wins in EMEA following the opening of a London office on November 2013. San Francisco-based Taulia provides some of the world’s largest organisations with cloud-based invoice, payment and dynamic discounting solutions.
Discover bests the four top Visa and MasterCard issuers with solid growth in outstandings. However, Discover’s gross dollar volume (GDV) rose 6% to $31.7 billion, compared to $28.1 billion in Q1/14 and $29.7 billion in Q2/13. Volume growth was lackluster compared to the Big 4 Visa and MasterCard issuers.
TSYS racks up record revenues in the second quarter. In the North America segment, TSYS reported the largest quarter of transaction volume in history at 2.7 billion. In the NetSpend segment revenue rose 11.4% to $116.8 million.
BofA lowers costs for low-value cross-currency payments. The new CashPro Payments service allows companies to make recurring low-value cross-currency payments that are either business-to-business or business-to-consumer.
Fundtech launched Mobilescape VX, a device upgrade for its Mobilescape wireless card processing solution. The hardware combines Verifone’s VX 680 POS hardware with Fundtech’s software, transaction processing, wireless service, and customer support. The new handheld terminals include a color touch screen and an ARM11 processor, as well as compatibility with the web-based Mobilescape Manager platform. Mobilescape VX provides U.S. businesses with traveling sales personnel the capability to accept card payments from anywhere via a small, portable device that is compatible with the AT&T cellular network.