VersaPay & Terradatum Team for Invoices

VersaPay & Terradatum Team for Invoices

VersaPay has been selected by Terradatum to supply ARC it’s cloud based invoicing and accounts receivable automation platform. Terradatum provides real estate technology software solutions. “We are pleased that Terradatum has chosen VersaPay to work with. As a technology company themselves they quickly recognized the benefits of collaborating online with their customers and enabling them…

MasterCard & Apple Pay Hit Switzerland & Hong Kong

MasterCard & Apple Pay Hit Switzerland & Hong Kong

MasterCard is bringing ApplePay to its Swiss and Hong Kong customers and cardholders. MasterCard contactless (NFC) in Switzerland has more than 100,000 locations including Migros, Coop or Kiosks. More than 3 million contactless purchases are made every month, up 100% compared to the previous year. MasterCard is working with several Swiss banks and card issuers to enable…

S&P Average Correlates with Card Profits

S&P Average Correlates with Card Profits

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Credit card profits have rebounded nicely during the recovery period following the Great Recession. According to R.K. Hammer’s Card Knowledge Factory, the pre-tax ROA (return on assets) for credit cards, during the Great Recession (2008-2009) averaged 2.88% (between 1.50% and 4.25%), while the S&P 500 averaged 1009, (2008 EOY at 903…

Intellicheck Lands Patent for Biometrics

Intellicheck Lands Patent for Biometrics

Intellicheck Mobilisa has been awarded a U.S. Patent that governs the two-factor fingerprint biometric identity process that authenticates an identity card with embedded fingerprint biometric information and the live biometric information of a person presenting the card. The patent has sweeping implications because it covers the process at the heart of the leading biometric fingerprint…

Credit Card & Overall Decline in Spending

Credit Card & Overall Decline in Spending

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Credit spending growth slipped downward in May to 2.4% while SIG and PIN debit each increased slightly over April. According to aggregate same store sales activity in the First Data Point of Sale Network, was impacted by performance in Food Services & Drinking Places, Food & Beverage Stores, Travel, and General…

Do Millennials Have & Use Cards?

Do Millennials Have & Use Cards?

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Two recent surveys have found conflicting data regarding millennials. Bankrate says 64% of millennials do not own a credit card, while FICO consumer research shows that 83% of Millennials fully use credit cards to fund their lifestyle. The Bankrate study shows that credit card usage increases with age, wherein 55% of…

Peach Fuzzer Reveals EMV Terminal Fraud Techniques

Peach Fuzzer Reveals EMV Terminal Fraud Techniques

New research shows EMV terminals can be compromised with malicious spoofed credit cards able to create memory corruptions, denial of services, and arbitrary code execution. Peach Fuzzer says discovering these exploitable vulnerabilities enabled solution providers to mitigate their vulnerabilities quickly and cheaply, before they became a hacker’s attack vector. Researchers from a collaboration between Deja…