More than 90 million attempted cyber attacks across industries were launched in the third quarter, representing a 20% increase over the previous quarter. Fraudsters are now using bots and botnets to run massive identity testing sessions in order to penetrate fraud defenses.
Fortumo has launched a voucher management platform for the sale of digital goods. The platform also supports running marketing campaigns, enabling the vouchers to be used for cross-platform license management for other accounts and user acquisition.
Canada’s GoldMoney has now launched the GoldMoney Prepaid program after a beta test. The Prepaid program aims to empower hundreds of thousands of platform clients with a payment method accepted by over 35 million merchants worldwide, giving access and payment utility to fully-reserved and gold-based savings.
USA Technologies (USAT) reported total third quarter revenue of $16.6 million, a year-over-year increase of 35%. During the quarter USAT plugged in 349,000 connections to ePort service, a year-over-year increase of 26%.
MasterCard has shuffled four top executives to evolve the company’s “Global Products and Solutions” and “Operations and Technology” business units, effective January 1st.
China’s UnionPay has become the only international bankcard association offering Chinese Visa application VIP express service. UnionPay cardholders can apply at the Chinese Visa Application Service Centers in five cities in Australia, namely Sidney, Melbourne, Canberra, Brisbane and Perth. This service will substantially shorten the processing time, and will soon be rolled out in some of the other countries where UnionPay cards have been issued.
San Francisco-based Revel Systems announced Lisa Falzone, co-founder and CEO of Revel, has been chosen by EY as one of the 12 entrepreneurs selected for the 2015 North American Entrepreneurial Winning Women program.
MasterCard today announced an industry first in its move to create one global Zero Liability promise for consumers and is extending it to all regions, outside the U.S., by early second quarter 2016.
In today’s CardFlash News Que: EPVAR (APS); CHASE (UAL); DADEPAY (Nature’s); and TANGO (DRE).
The average late stage U.S. credit card delinquency (90+ day) among the nation’s six largest issuers increased five basis points (bps) sequentially, to 0.85% for the third quarter, compared to 0.80% in the prior quarter and 0.88% one-year ago. However, all the issuers, except Capital One, were down year-on-year (YOY), according to CardData.
CO-based CPI Card Group reported net sales were $107.7 million, an increase of 39.2% over the prior year period. The company attributed most of the increase to the U.S. EMV migration.
Irish consumer spending continued to increase at a sharp pace during October as household expenditure rose +6.8% year-on-year (YOY). This represents the fourteenth month of unbroken growth which has been recorded since the series began in September 2014.
