In Other News: TASC (award); FISERV (DNA); YSTATS (B2C); and NRF (fees).
TASC – Paybefore has honored TASC Card with the 2016 Best-in-Category award for Best Health Benefits Delivery. For 10 years, “Pay Awards” have conferred the most prestigious recognition of excellence in the worldwide prepaid, mobile, and emerging payments industry. TASC was selected by an expert panel of judges who evaluated nominations from around the world.
FISERV – Fiserv reports three credit unions successfully implemented DNA, a real-time, open architecture account processing platform, along with integrated surround solutions from Fiserv. The credit unions include: Neighbors FCU, based in Baton Rouge, Louisiana; Texas Dow Employees CU, based in Lake Jackson, Texas; Thrivent FCU, based in Appleton, Wisconsin.
YSTATS – With B2C E-Commerce growing rapidly, the online payment landscape in Latin America remains dynamic. Credit card was the leading payment method used by online shoppers in countries such as Brazil, Colombia, Mexico and Dominican Republic in 2014/2015, according to research cited in the report by yStats.com. However, credit cards meet intense competition from alternative payment methods, including cash on delivery, PayPal and local banking schemes.
NRF – A cap on debit card swipe fees enacted by the Federal Reserve five years ago has helped reduce costs for retailers and consumers but is still higher than intended by Congress and should be lowered, says the National Retail Federation.