EverBank Financial Corp announced that EverBank has entered into an amended consent order with the Office of the Comptroller of the Currency and will continue to work toward the completion of all remaining actionable items related to its foreclosure programs identified under an April 2011 consent order with federal regulators.
Moneris Solutions Corporation announced it will be entering into a relationship with Powa Technologies to be the preferred Canadian provider of PowaTag, a unique mobile solution that extends the world of online commerce to traditionally offline environments.
Over a quarter (28 per cent) of social housing tenants are missing out on huge savings by using cash to pay for bills, goods and services, rather than direct debit, according to research from Experian.
TX-based Pivotal Payments has completed certification for point-to-point encryption (P2PE) for its FlexPoint integration platform, further bolstering security at the point of sale by adding the highest level of cardholder data protection available.
Bank of America Merchant Services launched Clover Mini, the EMV-ready payment system developed by First Data. Clover Mini is an extension of the successful Clover Station, which launched in 2013 and has since received positive feedback from business owners.
The Direct Operator Billing solution from Gemalto sets new standards for convenience on Milan’s public transport network. Instead of fumbling for notes and coins, travelers in Italy’s second largest city can simply send a text to a standard short code number, with the Netsize system charging the fare directly to the customer’s regular mobile phone bill.
MasterPass has been gaining momentum driven by the increasing trend among consumers in using it for smaller ticket, everyday payments. MasterCard has also seen a surge in transaction volumes, with a monthly compound average growth rate of 38% for MasterPass transactions in Asia/Pacific for 2014.
As the United States transitions to EMV, POS fraud will grow less lucrative. Higher-security cards will make counterfeiting substantially more difficult, if not impossible. Additionally, any encrypted or tokenized payment information will make data gained from compromised terminals useless for future POS transactions.
Entrust Datacard released the latest release of the Datacard CardWizard software version 6.3. This release is the newest and most robust release of the company’s proven software that features new functionality and enhanced capabilities for financial institutions instantly issuing payment cards in-branch.
TX-based Sigma Payment Solutions announced an alliance with KISS Concepts Group to market their solutions to auto dealers in the buy-here-pay-here industry, as well as finance companies, credit unions and banks throughout the USA.
At the Federal Trade Commission’s request, federal courts in New York and Georgia have temporarily halted three debt collection operations that allegedly violated federal law by threatening and deceiving consumers via text messages, emails, and phone calls. The FTC seeks to permanently end the unlawful practices.
The Visa Board of Directors elected Lloyd Carney as a new independent director. Mr. Carney will also serve as a member of the Board’s Audit and Risk Committee.