[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. Purchase Dollar Volume (PDV) for Visa and MasterCard (credit + debit) in the fourth quarter (4Q/15) grew at an annual rate (YOY) of 8.6%. Visa U.S. payment card (credit + debit) PDV for 4Q/15 was up 9.5%. MasterCard U.S. payment card (credit + debit) PDV for 4Q/15 was up 8.8%.…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Fiserv is now enabling financial institutions to offer their customers immediate access to funds from checks deposited through a teller, a mobile device or an ATM. The solution utilizes a patented decision engine to help determine funds availability, while providing protection against return losses and greatly improving the customer experience. Fiserv-commissioned…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] ExxonMobil has gone beyond Apple Pay with the introduction of the Speedpass+mobile app for use at more than 6,000 stations. The app enables customers to authorize a pump for payment securely through the use of cloud-based technology. Customers have the option to select Apple Pay as a default form of payment…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] CardFlight has a new integration with Stripe to empower developers to accept EMV chip card payments from within their own mobile applications. CardFlight will make available mobile card readers that support EMV chip card and swiped magnetic stripe payments to Stripe merchants and developers. CardFlight’s offering includes software developer kits for…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Total payment volume (TPV) for PayPal grew 23.4% year-on-year (YOY) in the fourth quarter (4Q/15). However, the transaction margin declined 240 basis points (bps) in the quarter, compared to 4Q/14. Transaction revenues for 4Q/15 increased 15.3% YOY to $2.26 billion, compared to $1.98 billion in 3Q/15 and $1.97 billion in 4Q/14.…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] SUMMARY – HYPERWALLET (execs); CASHNET (Higher One); CHECKALT (award); and MEMBER SOLUTIONS (anniversary). HYPERWALLET – Hyperwallet announced the hire of two new senior team members. Tomas Likar will become Hyperwallet’s Vice President of Strategy and Business Development, and Daniel Berardo joins as Vice President of People. CASHNET – Higher One, a…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Bancorp has released its next Finetics Studio interview series: “Innovation in B2B and Blockchain.” The latest video features Rene Lacerte, CEO and Founder, Bill.com; Chris Byrd, Executive Vice President–Healthcare Operations Officer, Evolution1; and Steve Kirsch, CEO, Token. Filmed from the Money20/20 show floor, the exclusive interviews cover innovations in business-to-business…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] JCB and UniCredit have launched a partnership to broaden JCB card acceptance in Italy for tourism and business. The deal enables the use of JCB cards at UniCredit ATMs and Italian merchants who are clients of the banking group, significantly increasing JCBI’s presence in the Italian market and offering more choices…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Comdata is adding new payment capabilities for CAT Scale transactions within the Weigh My Truck mobile app. Truck weighs are an important industry practice for over-the-road drivers needing to comply with stringent weight regulations and avoid potential fines associated with overweight or misbalanced loads. Unfortunately, these necessary stops can also be…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Kasasa f/k/a BancVue accountholders can now use their institution-issued credit card to qualify for rewards by employing Credit Card As A Qualifier (CCAAQ). A segment of consumers prefer credit cards as their primary method of payment for convenience and budgeting instead of using debit cards, checks or cash. By using CCAAQ,…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] China UnionPay is expanding Cloud QuickPass overseas. There are more than 7 million QuickPass terminals in China. Nearly 180,000 POS terminals in Hong Kong, Macao, Taiwan, South Korea, Australia, New Zealand, Singapore and other markets have been enabled to accept QuickPass. In 2015, the overseas transaction volume of UnionPay QuickPass registered…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] MasterCard is utilizing Daon’s IdentityX Platform as one of the authentication technologies behind MasterCard Identity Check. The app-based authentication solution, commonly dubbed “Selfie Pay” by the media, leverages a mobile device to secure online payments and mobile banking applications using fingerprint and facial recognition. MasterCard Identity Check employs a layered approach…
