Discover & Capital One Emerge as Leaders in Mobile Apps for Cards & Banking

When it comes to mobile apps Capital One ranked highest in the retail bank category while Discover ranked highest in overall satisfaction in the credit card category. According to the “J.D. Power 2017 U.S. Banking App and U.S. Credit Card App Satisfaction Studies”: • Ease of use/navigation is the most heavily weighted driver of satisfaction among…

Soaring Online Fraud Impacts Company’s Revenue, Loyalty, and Reputation

Six out of 10 survey respondents (including 55% with a CFO title) had seen both the number and dollar amount of credit card chargebacks increase since the introduction of EMV chip cards. Furthermore, 64% of those surveyed (including 62% of CFO-titled respondents) measured increases in both the number and dollar amount of credit card chargebacks…

Fraud and Risk Scoring Tool Melds With Artificial Intelligence Machine Learning

A new machine learning fraud score helps prevent fraud while reducing false-positives and improving customer experience. TSYS has teamed with Featurespace to launch TSYS Foresight Score with Featurespace. Foresight Score is a fraud and risk scoring tool that allows software to learn over time without being explicitly programmed — to bolster an issuer’s ability to…

GasBuddy App Brings 65MM Downloads to Fleet Card King WEX for B2B2C Payments

GasBuddy, the only smartphone app connecting 65 million drivers with their Perfect Pit Stop, as buddied with corporate payment solutions provider, WEX. The partnership will focus on innovations that bring added convenience and savings to the more than 200 million driving consumers in the United States that fill up at retail gasoline stations, and represents…

V+MA International Q1 PTX +15% YOY minus V Europe

International purchase transactions (PTX) for Visa and Mastercard credit and debit cards grew by 14.8% year-on-year (YOY) in the first quarter (1Q/17), excluding Visa Europe. Including Visa Europe, added starting 3Q/16, the YOY gain was 50.1%. International PTX, including Visa Europe, for credit cards increased 22.6% YOY while international PTX for debit cards rose 89.5%…

Reloadable Visa Virtual/Digital Account Handy U Combines All Things Payment

IATAI Enterprises (IATAI) and BPP have developed a universal and customizable payment, rewards and insurance solution for consumers, businesses and merchants. Handy U is a reloadable Visa virtual/digital account that enables IATAI’s travel and insurance clients to instantly make and receive payments, access benefits and redeem rewards generated by their loyalty programs. Handy U is…

Payment Tokenization Market Red Hot — CAGR 22% Through 2022

The fraud frenzy is driving the global tokenization market and is expected to grow from $823.0 million in 2017 to $2.26 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 22.4%. Payment security and compliance management are among the application areas contributing to the growth of the tokenization market. The payment security application…

Fintech Week Set to Rock ’n Roll All Over London Next Month

Conferences, exhibitions, workshops, hackathons, meet-ups and of course . . parties will dominate Fintech Week in London in mid-July. The main conference/exhibition takes place at the Grange Tower Bridge Hotel, but other events take place across the City of London, Canary Wharf and “Tech City.” The organizers of the fourth annual Fintech Week expect 600-1,000…

CFSI and Chase Names $3MM Annual Fintech Competition Winners

The Financial Solutions Lab at the Center for Financial Services Innovation (CFSI) with founding Lab partner Chase announced eight financial services innovators as the winners of its third competition, aimed at identifying solutions that can help Americans improve their financial health. Each winner will receive $250,000 in capital and additional resources to test, enhance and…