U.S. gross transactions (GTX) for Visa and Mastercard credit and debit cards grew by 5.9% year-on-year (YOY) in the first quarter (1Q/17), compared to 6.5% one-year ago, according to CardData. U.S. GTX for credit cards jumped 14.2% YOY while U.S. GTX for debit cards increased 2.5% YOY in 1Q/17. Visa’s U.S. GTX for credit cards…
The slowdown in EMV for the second fiscal quarter, (ended 4/30/17), (2Q/17) continues to drag on Verifone’s (VF) performance, as year-on-year (YOY) net income plummeted by more than 500%. The Company notes it continues divesting non-strategic businesses and allocating resources and capital to ensure the timely delivery of our new products, with a bright 2018…
The beefed-up American Express Business Travel Account (BTA), now gives companies greater control and more visibility into their business travel expenses. The addition of Virtual Account Numbers in the refreshed product centralizes more types of business travel spending into a single account. The virtual account feature works with the existing booking processes of Travel Management…
A new report finds same day ACH debits create new opportunities for fraudsters to use the shortened settlement windows to bypass existing fraud prevention tools and defraud financial institutions, payment processors, and their customers. Also, legacy account validation processes — including prenotes and trial deposits — will be ineffective at identifying and preventing fraudulent debits,…
The cryptocurrency market is heating up as Telegraf is issuing DEBIT Coin on the Ethereum blockchain. The currency is compatible with the ERC-20 standard so that it can be transferred through any Etherium wallet that supports this standard. The total volume of the issuance of the crypto-currency amounted to 1 billion tokens. DEBIT Coin is…
A combination of PayPal and Trustpilot, run on the Ethereum blockchain will commence on the August 22nd. Ethereum blockchain based mobile payment processing company Monetha, is powered by smart contracts with a decentralized trust and reputation system. Monetha’s decentralized trust and reputation system (DTRS) uses smart contracts integrating flawlessly with the payment processor. It is…