In Other News: EXPENSIFY (platform); CORECARD (EMV); TSYS (Lloyds); and MERCATOR (debit).
EXPENSIFY – Expensify announced an integration platform that will eliminate receipts for business purchases. Called ReceiptBurner, the program’s initial launch partners include Uber, HotelTonight, Revel Systems, SaneBox, and Fujitsu ScanSnap, with more planned in the coming months. These services utilize the ReceiptBurner integration to directly send transaction data to Expensify, eliminating yet another step in the expense reporting process.
CORECARD – CoreCard Software, a leading provider of card management systems and processing services, today announced completion of MasterCard EMV Certification for one of its processing clients. This certification means the CoreCard processing platform is now EMV-enabled and current and future clients can issue chip cards to their cardholders.
TSYS -TSYS announced that Lloyds Banking Group, the UK’s leading provider of current accounts, savings, personal loans, credit cards and mortgages, has renewed its agreement with TSYS to continue to process the bank’s UK commercial card portfolio.
MERCATOR – Market forces at play are influencing debit transaction routing as well as card and transaction growth in the United States. Mercator Advisory Group’s latest report, 2016 Annual U.S. Debit Data Review looks at the data and how these influences are impacting all of the participants in the processing and settlement of a debit transaction.