PAYEASE; GOLDMONEY; UPHOLD; and K-RISE

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] In Other News: PAYEASE (Apple Pay); GOLDMONEY (G2G); UPHOLD (India); and K-RISE (OPN). PAYEASE – China’s first electronic payment enterprise, PayEase now supports payment through Apple Pay on Apple Store APP, providing more flexibility to consumers on mobile terminal transactions. With immediate effect, mobile terminals on Apple Store APP officially support payments…

Street Invoice Beefs Up App as Open Source for All ISOs

Street Invoice Beefs Up App as Open Source for All ISOs

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Street Invoice app is revolutionizing the payment acceptance method with a new technology that is an open source for every ISO in the credit card processing business. All ISOs (Independent Selling Organizations) in the merchant services business were working hard to build a book-of-business until their merchants decided to move…

e-Commerce Fraud Soars with New US EMV & NFC Cards

e-Commerce Fraud Soars with New US EMV & NFC Cards

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] New research reveals the implementation EMV and NFC cards in the U.S. has driven online fraud upward by 80-100%. The March edition of the Digital Identity Tracker, a forum for framing and addressing key issues and trends in fraud and identity protection, also found total revenues lost from eCommerce transactions due to…

AmEx Japa Region Continues Strongest GDV Growth

AmEx Japa Region Continues Strongest GDV Growth

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] American Express (AXP) international gross dollar volume (GDV) for the fourth quarter (4Q/15) rose 8.0% year-on-year (YOY) on a currency adjusted basis (FX). The gain was primarily driven by the Japan, Asia Pacific & Australia (JAPA) region which soared 15.0% YOY. 

The YOY GDV FX growth rate for the three AXP…

All Top 4 Issuers Post Higher Late Stage Delinquencies

All Top 4 Issuers Post Higher Late Stage Delinquencies

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The average late stage U.S. credit card delinquency (90+ day) among the nation’s top four issuers increased 9 basis points (bps) sequentially, to 1.07% for the fourth quarter (4Q/15), compared to 0.98% in the prior quarter and 1.05% one-year ago. All the issuers were up sequentially in 4Q/15. The Chase 90+…

New AmEx/Schwab Credit and Charge Card Have Arrived

New AmEx/Schwab Credit and Charge Card Have Arrived

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] After inking a multi-year, exclusive co-brand deal last year, American Express and Charles Schwab have unveiled a new credit card and a new charge card. The American Express Platinum Card® for Schwab gives clients excellent rewards, benefits, and services with the added ability to redeem Membership Rewards® points for deposits by…

Malauzai’s Takes SmartApps to Next Level with MOX

Malauzai’s Takes SmartApps to Next Level with MOX

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Malauzai Software takes its SmartApps for community financial institutions to the next level as part of its Mobile Only Experience (MOX) created to deliver consistency across all screens for consumers, businesses and branch employees. The latest enhancements include an updated design and user experience with expanded navigational tools, dynamic personalization and advanced…

Visa Leads the Major 4 Networks in U.S. PDV Growth

Visa Leads the Major 4 Networks in U.S. PDV Growth

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Purchase dollar volume (PDV) for Visa, MasterCard, American Express and Discover cards (credit + debit) in the U.S. climbed 8.4% year-on-year (YOY) in 4Q/15 reaching a record $1253 billion.  Visa led the way in the fourth quarter posting a 9.5% YOY gain for U.S. PDV. Visa reported fourth quarter PDV of…

TASC; FISERV; YSTATS; and NRF

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] In Other News: TASC (award); FISERV (DNA); YSTATS (B2C); and NRF (fees). TASC – Paybefore has honored TASC Card with the 2016 Best-in-Category award for Best Health Benefits Delivery. For 10 years, “Pay Awards” have conferred the most prestigious recognition of excellence in the worldwide prepaid, mobile, and emerging payments industry.…

Kount & Recurly Team to Combat Subscription CNP Fraud

Kount & Recurly Team to Combat Subscription CNP Fraud

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Recurly is teaming with Kount to offer anti-fraud services focused on the needs of subscription-based merchants. Together, Kount and Recurly protect the revenue of subscription-based businesses from the losses and operational overhead caused by card-not-present fraud. Credit card fraud, especially the category of card-not-present (CNP) fraud, is a major concern for…

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Equifax Predictor Inclusion Score Coming to LAC

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Cignifi and Equifax have inked a multi-year partnership to help Equifax expand its credit scoring capabilities in Latin America. The agreement will leverage Cignifi’s analytics and technology to assess creditworthiness, propensity, and risk based on mobile phone usage data that is provided with explicit consumer consent. Cignifi’s technology will enable Equifax…

Visa & MC US Credit Cards Outpace Debit Cards by 4X

Visa & MC US Credit Cards Outpace Debit Cards by 4X

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. cards-in-force (CIF) for Visa and MasterCard payment cards (credit & debit) increased 5.0% year-on-year (YOY). U.S. credit cards increased 8.7% YOY while CIF for debit cards rose 2.2% YOY, in the fourth quarter (4Q/15). There are were 1182 million Visa and MasterCard payment cards in circulation in the U.S. for…