American Express is dumping its U.S. co-brand and merchant acceptance agreements with Costco. The current contract expires March 31st.
The marijuana industry is quickly evolving and compliance becomes more of an issue each day, dispensaries need a seamless solution they can rely on for successful business operations, as well as the ability to protect their investments and prepare for effective banking relationships.
Western Union reported fourth quarter, revenues declined 1% compared to the prior year period, or increased 4% on a constant currency basis. The differential between reported and constant currency revenue was the result of depreciation of the Argentine peso, the Euro, and various other major currencies around the world.
Hong Kong-based AsiaPay Technology unveiled its newly certified 3-D Secure Access Control Server (ACS) managed service for issuing banks after launching the ACS solution in earlier years.
Visa will soon begin offering Mobile Location Confirmation using mobile geo-location information to more reliably predict whether it is the account holder or an unauthorized user making a payment with a Visa account. It we be available to U.S. card-issuing financial institutions in April.
By the end of this year nearly 60% of U.S. point-of-sale locations will be chip-capable. And the pace of implementation is accelerating, with 86% expecting to be chip-enabled by the end of 2015.
McDonald’s will soon deploy the PAX D180 MPOS device in India to speed up the ordering process and smooth business operations. The D180 is one of the world’s most compact secure payment devices, complying internationally with EMV, PCI and SRED mandates, as well as being locally certified with Ratnakar Bank in India.
CardLinx Association has published the final versions of its first four standards to enable interoperability between the payments and digital marketing ecosystems. The standards have been developed by working groups of the global payment networks, merchants, banks, digital advertising publishers, payment processors, and card-linked offer technology companies.
VA-based 3Delta Systems (3DSI) has implemented an ERP-integrated credit card processing and security solution for Bell and Howell, experts in customer communication through print, mail and parcel services.
Merchants and service providers seeking PCI security policy templates can now visit pcipolicyportal.com and download the very best PCI security policy templates found anywhere today.
MA-based MineralTree has received $11 million in Series B funding. The latest round was led by First Data.
The largest bank in Poland will utilize ACI’s UP Consumer Payments offerings over the next seven years. PKO BP will migrate from its current BASE24 system to ACI’s next-generation UP BASE24-eps payments platform, which will support the bank’s extensive network of more than 3,000 ATMs.