In Other News: FTC (crowdfunding); PAYRANGE (AFV); GRANT STREET (OH); and I2C (Agile). FTC – The Federal Trade Commission will host its second FinTech Forum on Oct. 26, focusing on two topics of increasing interest to consumers: crowdfunding and peer-to-peer payment systems. The event is designed to bring together perspectives from across the landscape of…
Wirecard is teaming with O2 Czech Republic to offer a unified solution to all retailers in the Czech Republic. Thanks to the new cooperation, O2 as the largest telecommunication provider in the Czech Republic will offer their merchants a product named eKasa which is a fully online, tablet based fiscal till system together with credit…
A new study reveals the emerging trends driving the global mobile payment security software market are the introduction of mobile biometrics; development of multi-factor authentication; and increased adoption of multimodal biometrics. Technavio’s latest report found that in the retail sector, the integration of biometric technologies in mobile devices can be used to recognize registered customers…
The UK saw Europe’s largest annual jump in card fraud losses for 2015. Most of the 18% rise in losses came from online transactions, reflecting the growth in this channel, the ease of accessibility to funds and lower risk for criminals, and the theft of personal data through cybercrime. The online map, based on data…
A new report finds commoditization has not reached small business banking in full force — at least not yet. But as the effects of technology and the rise of nonbank providers facilitate fragmentation of financial relationships, FIs will begin to see the same trend among small business customers who have propensity to switch banks. The…
In Other News: FLEETCOR (Speedway); CNVA (PayRange); BLUESNAP (Visa Checkout); and MOZIDO (PayEase). FLEETCOR – FleetCor Technologies has signed an agreement to manage the commercial fuel card program for Speedway LLC (Speedway). Under the terms of this new agreement, FleetCor Technologies will provide a variety of services in support of Speedway’s SuperFleet program including transaction processing and overall…
Prepaid card specialist The Bancorp has ankled a new CEO and a new CAO. Hugh McFadden will serve as Chief Operating Officer and John Leto will handle the new role of Chief Administrative Officer. Additionally Pawneet Abramowski, with The Bancorp since 2014, has been promoted to Chief Compliance Officer of the Company and the Bank.…
The flattening EMV card market in China and a dip in U.S. EMV card shipments, due to overstocking, is set slow down. The Chinese and U.S. EMV payment cards markets are experiencing double-digit year-on-year growth, responsible for more than 50% of 2.8 billion EMV cards shipped worldwide. However, a new report from ABI Research finds…