CHASE – As part of its commitment to protecting customers’ financial security, Chase plans to convert more than 70% of its credit and debit cards to chip technology by the end of 2015. Through these migrations, more than 80% of total Chase cardholder spending will be on chip-enabled cards. The bank is also upgrading its ATMs to accept chip cards. Chase led the U.S. market in chip adoption when it was the first U.S. credit card issuer to issue chip-enabled cards on its J.P. Morgan Palladium and J.P. Morgan Select products in 2011. Today, Chase has more than 22 million chip-enabled cards in market.
COMMERCE – In an effort to help customers with their financial health, Commerce Bank has begun delivering complimentary FICO Scores to Commerce Bank Consumer Credit Card customers. Beginning immediately, Commerce Bank Consumer Credit Card customers can access their FICO Score on their monthly statement, for free.
NFCC – Financial educators and consumers share many of the same goals in the ever changing world of personal finance, including the need to stay up-to-date with the latest information and resources. The National Foundation for Credit Counseling is pleased to announce participation in the Consumer Financial Protection Bureau’s new Financial Education Exchange (CFPB FinEx).
OINK – Virtual Piggy, provider of award-winning payment technology, Oink, announced its payment system won the SIIA CODiE Award for Best Commerce Solution for the second time. The company accepted this award in the software category alongside NetSuite Inc., and Citrix Systems Inc.