PINs and passwords will son be a thing of the past as the wave of capital and new technology centered on biometrics, physiological and behavioral authentication is quickly evolving. Biometric measures use DNA, fingerprints, eye retinas and irises, voice recognition, facial patterns, vein patterns and hand measurements to authenticate and verify people’s identities.
ShopKeep has snagged another $60 million in Series D funding, led by investor Activant Capital. The Company says it plans to use this injection of capital to aggressively grow its overall US customer base, strengthen industry partnerships, and launch international operations, starting with the UK this month.
Ingo Money and TSYS’ NetSpend and prepaid provider of choice to self-banked consumers and the brands that serve them have extended the utility of NetSpend and partner-branded prepaid card accounts, providing cardholders with access to funds from checks through NetSpend’s mobile banking platforms.
Early stage delinquency (30+ days) edged down by 13 basis points sequentially and year-on-year (YOY), on average to 1.83%, among the nation’s top four U.S. credit card issuers. Citibank appears to be doing the best, dropping 19 basis points in Q2/15, compared to Q1/15.