In today’s CardFlash News Que: AMERICAN EXPRESS (Unstaged); AFFINITY FCU (Kindness); OBERTHUR (EMV); and EUROPE (P2P).
AMERICAN EXPRESS – American Express announced Dead & Company has been chosen as the next artists in its popular live stream music series “American Express Unstaged,” in partnership with Vevo and YouTube. This new show has been added to the band’s Fall 2015 tour schedule on Saturday, November 7 at Madison Square Garden. The band and American Express will distribute 10,000 free tickets for this concert via a sweepstakes and fans will have the chance to support the Robin Hood Foundation, New York’s largest poverty-fighting organization.”
AFFINITY FCU – Affinity Plus Federal Credit Union says 14 credit unions across the state of Minnesota will participate in an orchestrated day to spread kindness in communities. Credit unions are not-for-profit financial institutions that subscribe to the foundational philosophy of “People Helping People,” which is demonstrated by their cooperative structures, support of financial education, and active engagement within their communities. Around the state, nearly 1,000 credit union employees will dedicate more than 6,200 total volunteer hours to scatter kindness in their communities. Participating credit unions estimate that the collective efforts on this day will impact more than 18,000 people in 36 communities (along with an indeterminable amount of community members; food recipients from Feed My Starving Children; and law enforcement & military families across the country).
OBERTHUR –Oberthur Technologies has launched a guide “Top 10 Migration Tips: What You Need to Know About U.S. Chip Card Migration.” The liability shift, which began on October 1, is an incentive for issuers and merchants to increase card security and reduce counterfeit fraud. The party that does not offer EMV-compliant devices (the merchant) or cards (the issuer) will face liability for counterfeit card transactions. Experienced with 20 years of chip card migration, more than 1,200 financial institutions globally — including 18 out of top 25 largest ones — have placed their trust in OT.
REPORTS – Research and Markets has announced the addition of the “European Mobile Person-to-Person Payment Systems: A Changing Environment” report to their offering. Around Europe, consumers are increasingly turning to their mobile devices for a broader range of banking and payment functions. More than 50 mobile person-to-person (P2P) payment services have been launched in recent years to capitalize on this changing consumer preference. These systems or services generally have certain characteristics in common, including enabling payments to individuals or businesses, requiring a smartphone, and having a daily transfer limit. Some services in Europe allow customers to opt to make online payments via their mobile device, but most do not enable payment at the physical point of sale (POS) or cash withdrawals at an automated teller machine, and they tend to be limited to one market or select geographies.