The Clearing House (TCH) has inked a LOI with VocaLink, the UK-based international payment systems provider, to help build and deliver core elements of TCH’s new real-time payment system for the United States.
San Francisco-based Penny has launched the Penny Inc prepaid MasterCard card program virtually connected to a mobile app. Built on the open API payment innovation platform of Marqeta, Penny monitors and manages employee expenditures, significantly reducing the time spent on expense tracking and administration processes.
HalCash North America has launched Pin4, a mobile cardless cash ATM withdrawal solution that provides businesses with a radically better way to engage with their customers through real-time delivery of cash without the need for a debit/credit card or bank account.
Cardholders are 22% more likely to be very-to-extremely satisfied with their bank if they have received an instantly issued debit card instead of a card sent by mail. A new study also found that cardholders who receive their card instantly in a branch often start using it immediately, accruing between $0.50 to $0.77 in additional interchange revenue for their bank during the first month.
In today’s CardFlash News Que: SYNCHRONY (CareCredit); REMITLY (Mexico); EXPERIAN (Small Biz); and WESTERN UNION (Connect).
Capital One (COF) continues to lead the U.S. credit card industry in outstandings and volume growth, posting a strong 12% year-on-year (YOY) gain in end-of-period (EOP) outstandings and a whopping 19% surge in Purchase Dollar Volume (PDV) for the third quarter as other metrics are relatively stable.
Diebold is on track to acquire Paderborn, Germany-based Wincor Nixdorf. The offer price of EUR 52.50 per share for Wincor Nixdorf would be paid in cash and Diebold shares.
This will make Diebold a dynasty in the global ATM vertical.
Gemalto is taking its newly launched Dynamic Code Verification (DCV) solution designed to protect against CNP fraud to Money 20/20 next week.
The 14th JCB World Conference held in Bali this week was a smash hit. Approximately 510 people from about 200 partner companies and financial institutions in 32 countries and territories participated in the conference.
Revel Systems has added a major new product to its iPad Point of Sale system with the availability of a new e-commerce mobile application solution that extends the functionality of brick-and-mortar commerce into mobile. Revel’s new white-labeled app solution for iOS and Android integrates directly with Revel’s iPad Point of Sale platform, allowing merchants to expand their brand to reach mobile users and create a new sales channel.
The One Fuelcard Card is exploding in the U.K. The One Fuelcard offers access to the largest fixed price fuel network in the whole of the UK (50% of UK filling stations). It also covers all Shell sites and all Esso stations, as well as all Topaz, Total, Texaco and Gleaner facilities.
Visa Checkout in Brazil is real. The first merchant to offer Visa Checkout is Futebolcard, the Brazilian service which allows soccer fans to purchase tickets for games in 12 different stadiums.