Capital One is piloting a new free service that helps its customers identify unnoticed or potentially unwanted charges. Capital One Second Look(SM) goes beyond traditional fraud detection for Capital One card customers, flagging potentially duplicate charges, auto-renewing subscriptions and increases in recurring charges that are commonly overlooked. Capital One offers a broad spectrum of financial products and services to consumers, small businesses and commercial clients through a variety of channels.
Sequent Software announced it has received a United States patent for its technology that turns apps into wallets. Patent number 8,745,716 recognizes Sequent’s ability to manage security and control usage of credit, debit and other secure credentials stored on mobile devices and allows managed access to those credentials by mobile apps for transactions in the physical environment.
Expedia.com today announced it is now accepting bitcoin as a form of payment for hotel purchases. Offering travelers another way to book online, customers can now shop from the world-class inventory of a vast array of hotels available on Expedia.com, and for the first time ever beginning today, easily pay for their hotel accommodations using bitcoin.
First Data Corporation, the global leader in payment technology and services solutions, today released its First Data SpendTrend® analysis for May 1, 2014 through May 30, 2014, compared to May 2, 2013 through May 31, 2013. SpendTrend tracks same-store point-of-sale data by credit, signature debit, PIN debit, EBT, closed-loop prepaid cards and checks from nearly four million merchant locations serviced by First Data. Spending growth of 4.2%, compared to April’s 4.1%, and the average ticket growth of 1.2 % in May gained steam against April’s 0.5% growth, was driven by May’s warm weather, which specifically spurred spending on travel and home improvement.
peerTransfer has expanded payment methods to increase currency coverage. The company has doubled its local currency offering, now serving over 95 countries in their local currency, with a total collection capability of over 225 countries and territories. Whether families want to pay via an international debit or credit card, an e-wallet, online bill-pay or a bank transfer (online/offline), peerTransfer leads this innovation in education, providing the optimal solution to meet the needs of this important demographic. International students and families want the ideal payment choice based on the unique needs and the complexities associated with making cross-border payments.
Consumers are demonstrating a growing interest in self-service in their financial services behavior and can now benefit from applications that will enable them to reduce fraud in use of their debit accounts.
The monstrous payment card data breaches of 2013 is giving way to a consumer demand for better mobile tools to fight debit card fraud.
By the end of 2015, 70% of U.S. credit cards and 41% of U.S. debit cards will be EMV enabled, says Aite Group. Aite Group’s new research report, EMV: Lessons Learned and the U.S. Outlook, takes a look at the migratory experiences of five countries that preceded the United States in adopting the EMV standard: the United Kingdom, Australia, Brazil, Mexico, and Canada. It also describes the U.S. path to EMV based on interviews with top U.S. issuers and payment networks and makes a series of recommendations for U.S. issuers based on the lessons learned from other countries.
i2c, Inc. and Banco do Brasil Americas have partnered to launch the Banco do Brasil Americas® Multi-Currency prepaid MasterCard® (BBA Prepaid Card). A general purpose reloadable prepaid card, it is ideally suited to meet the financial needs of consumers that travel internationally.
Bitcoin ATMs are now up and running in the UK in London and Bristol. The launch was hosted by Superfoods, However other emerging bitcoin businesses joined the celebration including Blockchain, XBTerminal, BitXLiquidity, Bankofthefuture, IBWT and Multibit.
Bongo International, announces that they are the first in their field to accept decentralized P2P currency, Bitcoin. The move to accept Bitcoin confirms Bongo’s innovative approach to international eCommerce. Bongo International currently supports over 60 payment options including VISA, MasterCard, American Express, V Pay, Union Pay and more in addition to the newly introduced Bitcoin.