Look out Automated Clearing House (ACH), as Dwolla has inked a major deal with the largest financial institution to provide real-time transfers to and from its network in the USA. BBVA Compass will enable its customers to send and receive funds instantly through the Dwolla all-digital payments network.
Cryptocurrency is trying to get into the mainstream and the Ziftr cryptocurrency/credit card payment platform may be the answer. The Company notes for each credit card purchase, up to 3% of the total transaction value goes to swipe fees alone, while cryptocurrency fees are typically under 1%.
Acceptance of MasterCard consumer cards for Apple Pay is picking up more steam with the addition of 25 new financial institutions nationwide. In addition, cardholders with a MasterCard small business card from Bethpage Federal Credit Union or Navy Federal Credit Union can also now leverage Apple Pay.
CardWeb.com’s CardData database of Company Profiles today features data communications and interoperability solutions provider Transaction Network Services. Founded in 1990 in the United States, TNS has grown steadily and now provides services in over 60 countries across the Americas.
U.S. Bank has inked deal with the American Red Cross’ to be the sole prepaid card provider offering Red Cross staff and clients safe access to emergency money with the U.S. Bank Prepaid Debit MasterCard Disaster Relief Client Assistance and Mission cards.
While the U.S. EMV payment card migration is going full steam to meet the approaching deadline this year, payment card fraud will continue to grow by more than 25% over the next five years. Thanks to EMV, U.S. counterfeit fraud will decline by more than 80%, however CNP (Card Not Present) fraud will grow by more than 100% between 2015 and 2020.