March 2012 • CardFlash® - Payment Card Industry News

Visa Appoints Payments Veteran Credit and Debit Head

2, Country, Priority, UNITED STATESBy Robert McKinley 03/29/2012

Visa appointed Kevin Knight Head of Credit and Debit Products, North America to manage development and growth in consumer credit, debit and small business product suite. He joins Visa from Nordstrom as president of the credit division and chairman of Nordstrom FSB, the company’s bank subsidiary. He was responsible for the company’s credit business, payment acceptance and processing for its stores, and built Nordstrom’s retail loyalty program supported by credit and debit payment products. He also spent more than 20 years at GE Capital overseeing credit card and financial services.

American Express Launches New Brand Campaign

1, Country, Priority, UNITED STATESBy Robert McKinley 03/29/2012

American Express launched its “The Membership Effect” television and digital brand campaign to chronicle the power of the benefits and innovations available to Cardmembers and merchant partners. The centerpiece of a broader effort that American Express is taking to educate its customers about the potential that American Express offers to connect people to possibilities through…

Rite Aid Launches Smartphone App

8, Country, Priority, UNITED STATESBy Robert McKinley 03/29/2012

In order to make life easier for the growing ranks of on-the-go shoppers who carry mobile smartphones, Rite Aid has launched an official mobile app offering one-click prescription refill scanning, locations and features of the nearest Rite Aid stores, and weekly sale and promotion listings. Members of Rite Aid’s free customer loyalty program wellness+ can…

Auriemma Gages EMV Chip Reception

8, Country, Priority, UNITED STATESBy Robert McKinley 03/29/2012

It’s been a long time coming, but there are indications that the US is finally going to adopt EMV chip. This technology has already been embraced by the rest of the world as a way to make card payments more secure. Recently, Visa, MasterCard, and Discover have announced measures to encourage EMV migration in the…

MasterCard Intros eCommerce Fraud Prevention Tool

4, Country, Priority, UNITED STATESBy Robert McKinley 03/29/2012

MasterCard introduced its “Expert Monitoring Fraud Scoring” for Merchants, offering insight into card behavior beyond a merchant’s website or a cardholder’s shopping cart. The service provides merchants with a predictive fraud score for Card-Not-Present transactions in real time to measure the likelihood that a transaction is fraudulent. This is done using fraud detection models designed specifically for eCommerce merchants, which uniquely enables merchants to evaluate a longer span of transaction history to deliver a fraud score that more accurately describes online cardholder behavior. This helps them avoid heavy losses from fraudulent transactions, which measured more than $102 billion in total losses in 2011.

Wirecard to Process Bechtl AG IT e-Commerce

9, Country, GERMANY, PriorityBy Robert McKinley 03/29/2012

Wirecard AG will take over credit card acceptance and end-to-end fraud prevention for Neckarsulm-based Bechtle AG’s IT eCommerce division. When making payments by credit card, customers of the subsidiaries Bechtle direct, Comsoft direct and ARP will thus benefit from processing that is both secure and simple using Wirecard’s payment platform. Bechtle AG operates in Germany, Austria and Switzerland with around 60 IT system houses. The Group is one of the leading providers for IT eCommerce with retail companies in 13 European countries. Wirecard AG’s PCI-compliant payment platform provides secure, flexible, simple and transparent payment processing.

Fiserv Forum 2012 Anticipates Huge Turnout

3, Country, Priority, UNITED STATESBy Robert McKinley 03/29/2012

Fiserv financial services technology announced technology decision-makers from all corners of the financial services industry will meet in Las Vegas April 22-25 for Fiserv Forum 2012. President Bill Clinton will deliver the keynote address at one of the largest events in the financial services industry. Fiserv Forum will give attendees an opportunity to interact, gain market insights and share knowledge with peers and industry experts.

The Fiserv Conference will offer keynote addresses and strategy sessions focused on consumer payments, risk management, small business banking, retirement planning and other industry segments. The conference will also facilitate technology demonstrations by Fiserv experts to stimulate discussion among the thousands of expected attendees, making Fiserv Forum 2012 the largest client event in the company’s history. Participants will choose from more than 135 breakout sessions, including discussions on the growing adoption of the electronic channel, mobile payments, best practices for customer onboarding, winning strategies for card payments, paper-free lending practices and more.

Nodal Exchange and LCH.Clearnet Partner on power contracts

10, Country, Priority, UNITED KINGDOMBy Robert McKinley 03/29/2012

Nodal Exchange, LLC and LCH.Clearnet Limited (LCH.Clearnet) introduced new power contracts for energy plus congestion for over 50 locations in PJM. Offered in direct response to requests from the trading community, these contracts will settle against the Day Ahead Energy plus Congestion prices published by PJM. These contracts will be available for current month plus…

Obopay Launches New Disbursement Solution

6, Country, Priority, UNITED STATESBy Robert McKinley 03/29/2012

Obopay mobile and instant payment solutions for market-leading brands, announced the availability of Obopay “Disbursements.” The new offering lets subscriber companies disburse funds from their corporate account directly into a payees debit card account at another bank and disbursements as an electronic check through an automated clearinghouse (ACH) transaction, or to a branded prepaid card. The “Disbursements” solution allows companies to realize significant business benefits by converting physical checks and cash into digital payments, which dramatically reduces their costs. Obopay’s offering makes transaction settlement easy for companies by providing them with a single, secure, corporate settlement account that manages all electronic transaction types. Companies can transfer funds from their corporate account directly to a customer’s existing debit card; a bank account via an electronic check; a branded Prepaid Card; or an Email, phone number or mobile wallet.

eMerchantPay to Showcase Online Payment Processing Services

8, Country, Priority, UNITED STATESBy Robert McKinley 03/29/2012

eMerchantPay Group, the trusted global leader in international online payment processing gateway services for e-commerce, recurring bill payment, virtual terminals and more, announced today that the company will exhibit at ad:tech San Francisco on April 3 and 4, 2012. The conference is the world’s largest digital marketing tradeshow, attracting tens of thousands of marketing professionals…

Chase, will.i.am Team to Improve Neighborhoods

5, Country, Priority, UNITED STATESBy Robert McKinley 03/29/2012

Chase and will.i.am announced their collaboration to focus on transforming the East Los Angeles neighborhood of Boyle Heights. The partnership will focus on providing multiple social services that address Boyle Heights’ particular needs including education, jobs and job training, health, home ownership and green space. With this, the “TRANS4M” Boyle Heights collaboration is being built upon a $1 million grant from Chase to the i.am angel foundation, a charity established by will.i.am of The Black Eyed Peas. In addition, Chase will commit, directly and through the JPMorgan Chase Foundation, at least $7 million over the next three years to their other non-profit partners to help TRANS4M Boyle Heights. College Track national college access program will open a new center in Boyle Heights beginning to offer under resourced students the tools and opportunities to attend college; The California Endowment will offer affordable, quality health care for underserved individuals and communities; and FIRST will motivate students through after school activities and an international robotics competition to learn about science, technology, engineering and math.

YESpay introduces point-to-point encryption

8, Country, Priority, UNITED STATESBy Robert McKinley 03/29/2012

YESpay now offers Point-to-Point Encryption – the latest technology that allows simple and secure payments through credit/debit cards at retail outlets while de-scoping PCI-DSS (payment card industry data security standard) certification process. This is achieved by simplifying the validation process by encrypting cardholder data at the time it enters a PINPAD/PED payment system and transporting…

Stimuli checks along with the continued enhanced unemployment benefits, expansion of Covid vaccinations and relaxation of social distancing standards, point to a very strong second quarter for credit card spending dld.bz/jwkMf

About a year ago from CardFlash News's Twitter via SocialOomph

Visa held Marketshare in U.S. Credit Card #GDV, Adding 100 bps in 2020, as Discover Delivers Strong CAGR Performance in Q4 dld.bz/jrgJ7 @VisaNews @MastercardNews @AmericanExpress @Discover #payments #creditcards #grossvolume

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#crypto #cryptocurrency #blufamilyoffice #Armbruester #currency #digital #bitcoin #coinmetro #paypal visa #ethereum Crypto draws more attention as Bitcoin surges 270% since March. The rich are ratcheting up investments in digital currencies dld.bz/jpnMB

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Abdulaziz AIDahmash, Head of Digital Banking & Payments of SABB in Saudi Arabia, will speak at the 10th Annual Middle East Banking Innovation Summit in Dubai on March 1st. pyvnts.com ecommerce payments pic.twitter.com/G2RWUjYnsd

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Review Updated List of February 2021 Payments Events dld.bz/jpaPe #retail #payments #ecommerce #retailpayments #ATMs #security #blockchain #fintech #cybersecurity #artificialintelligence #AI

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Monthly Archives: March 2012