Australian retail technology specialist, Lokket has teamed up with Eagle Eye Solutions (Asia Pacific) to pioneer mobile engagement solution for Australian retailers by integrating Apple Wallet (formerly Passbook) with Chip & Pin (EMV) known in Australia as Eftpos. Creating a closed loop mobile engagement automation platform redeemable at existing credit card terminals.
CardWeb.com’s CardWatch database of more than 57,000 marketing items today features the Chase “Fraud Alerts” Credit Card Commercial from 2008.
One of Chile’s largest payment processing networks – Multicaja – has begun deploying Verifone’s 3G wireless payment terminal solution to enable merchants throughout Chile to enhance the consumer experience by securely accepting all forms of payment from beyond the counter”in any retail environment.
CardWeb.com’s CardData database of Company Profiles today features CashStar.
Moneris Solutions has rolled-out the PAYD product family for the U.S. market. PAYD Pro and PAYD are two innovative smartphone-based mobile point-of-sale (mPOS) solutions that empower merchants to process secure payments from anywhere and everywhere they do business.
Dublin-based Sysnet Global Solutions has launched a new out-sourced Merchant Contact Service, tailored specifically for acquiring and ISO organizations. The fully scalable, on-demand service enables acquiring organizations to respond to market conditions while also proactively engaging with customers through their customers preferred channel; phone, web-chat, email, SMS and social media.
CardWeb.com’s CardConferences today features the PayThink Conference at The Cosmopolitan in Las Vegas, September 28-30.
In today’s CardFlash News Que: SYNCHRONY (Mills Farm); GIESECKE & DEVRIENT (HCE); XACTLY (eWAY); and MASTERCARD (EMV).
The California Retailers Association, Latino Consumer Federation, and California Grocers Association sent a letter to California Governor Jerry Brown urging him to adopt a global credit card standard known as chip and PIN for all transactions that involve the state government. The groups believe that working with the Governor’s office to put forward a California solution that closely mirrors President Barack Obama’s BuySecure Initiative implemented in October 2014, would bolster security for transactions that involve state government.
The average yield among the nations’s top six bank credit card issuers came in at 11.16% for the second quarter. Capital One (COF), the nation’s fastest growing major credit card issuer, again posted the highest yields, besting the average by 279 basis points (bps) in the second quarter, according to CardData
American consumers continue in the solid buying mode after ratcheting up revolving credit by $4.5 billion or 7.4% year-on-year (YOY) in June. Total revolving credit for the fourth quarter stood at $890.0 billion, compared to $890.9 billion for the first quarter and $906.5 billion in the second quarter 2015.
UK consumer spending increased again in July, on an annual basis, household expenditure rose +1.9%, up from +1.4% in June, and slightly stronger than the average annual increase seen over the first half of 2015. Spending volumes also rose on a monthly basis in July (+0.1%), following declines in the prior two months. Meanwhile, expenditure declined fractionally on the quarterly measure (-0.1%), after a slight rise in June (+0.9%).