Application Fraud and Account Takeover Post-EMV U.S.

Application Fraud and Account Takeover

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Mitigating credit and debit card fraud could be challenging since the start of U.S. EMV migration. A new report find issuers experience $10.9 billion in direct annual losses to card fraud overall. The LexisNexis Risk Solutions card issuer fraud study, Issuers Confront Application Fraud and Account Takeover in a Post-EMV U.S.,…

Merchant Acquiring Facing New Challenges in Changing Landscape

Merchant Acquiring Challenges

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Merchant acquiring landscape is being transformed by a new cast of industry players providing emerging services such as e-commerce gateways and value-added services such as fraud management systems. Mercator Advisory Group’s most recent research report, Merchant Acquiring’s Ecosystem: Evolving Beyond Transactions says merchant acquiring is a pivotal driver of electronic…

Card Industry Risk-Adjusted Revenue Rises 13% in 2015

Risk-Adjusted Revenue Rises 13%

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Revenue earned by the card industry last year is roughly $165 billion. However, pre-tax net income after all expenses (charge offs, operating expense and cost of funds) falls to $121.0 billion. According to R.K. Hammer there can be a large difference between these two metrics. Risk-Adjusted” is just that, the default…

ZOZI Advance Software Platform Launched

ZOZI Advance Software Platform Launched

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] ZOZI announced the launch of robust ticketing capabilities for its Software as a Service (SaaS) bookings, payments, and reservations platform, ZOZI Advance. The ZOZI Advance software platform already helps thousands of activity businesses across nearly 90 countries grow their business, process online bookings, manage complex reservations, and accept EMV mobile payments…

JCB card logo

JCB Inks Major Ctrip Prepaid Deal

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] JCB has inked a license agreement for issuing prepaid cards for abroad (electronic travel checks) with Ctrip Financial Service (Hong Kong) Limited, which is the first online travel agency in China. Ctrip operates websites and apps and provides online reservation services mainly in China for travel related products such as hotel,…

Credit Card Complaints Settle Down but CRA - NOT

Credit Card Complaints Settle Down but CRA – NOT

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The latest Consumer Financial Protection Bureau (CFPB) monthly consumer complaint snapshot finds credit reporting complaints lead the pack, but bank credit card issuers land second place. However, overall credit card complaints declined 2%. By average monthly complaint volume, Equifax (1,014), Experian (911), (765) were the most-complained-about companies for December 2015. Capital…

Briefs: GEMALTO; ACI; ADS; and FISERV

In Other News: GEMALTO (award); ACI (award); ADS (Forever 21); and FISERV (John Deere). GEMALTO – Gemalto has been named a winner in the 2016 Cybersecurity Excellence Awards. Gemalto’s SafeNet Authentication Service was voted best Multi-Factor Authentication Service by the 300,000 member LinkedIn Information Security Community. SafeNet Authentication Service is a cloud-based multi-factor authentication solution that…

Sionic Mobile Says ION Loyalty is Kicking Serious Butt

Sionic Mobile Says ION Loyalty is Kicking Serious Butt

Atlanta-based Sionic Mobile reports its proprietary, mobile-to-mobile, three-digit checkout process is gaining traction among small business owners. Requiring no new hardware or upfront investment, ION Loyalty provides small business owners with mobile checkouts that are faster, easier and safer than cash or plastic – a preferred alternative to Square, PayPal Here and others – along…

MC’s X-Border Volume YOY Gain Blows-Out Visa

MC’s X-Border Volume YOY Gain Blows-Out Visa

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] MasterCard’s cross-border transaction volume, on a currency adjusted basis (FX), exploded in the first quarter (1Q/16) outpacing Visa for the first time by 130 basis points (bps) year-on-year (YOY). Sequentially, quarter-to-quarter (QTQ), MasterCard scored a 540 bps YOY gain, compared to Visa’s 100 bps gain YOY. Cross-border volume refers to payments…