Facebook yesterday added a free Person-to-Person (P2P) payments option to Facebook Messenger for U.S. users. Facebook, which already processes transactions for online games and advertisers, has been itching to get into the payments arena big time.
The first and only account opening solution on the market that offers online, mobile web and native app versions continues to provide financial institution end-users and employees the most comprehensive and concise onboarding workflow available through their preferred channel.
NXP, Infineon and STMicroelectronics have scored the highest ratings of top IC vendors active within the payment cards. A total of five companies were scrutinized against 10 different criteria all under the categories of Implementation and Innovation.
MasterCard is enabling acceptance of chip cards, contactless payments, and QkR! with MasterPass at the Arnold Palmer Invitational Presented by MasterCard. MasterCard and the PGA TOUR debuted contactless payment acceptance at the Waste Management Phoenix Open in January.
Calpian has selected Conformance Technologies has selected its PCI ToolKit and TINMatch ToolKit offerings. Calpian will use PCI ToolKit solution for PCI DSS merchant portfolio compliance validation, and the TINMatch ToolKit for merchant business entity name and federal TIN matching.
Digital River is processing online payments for peerTransfer, a provider of global payment solutions for foreign students and educational institutions. peerTransfer is using the Digital River World Payments solution to facilitate student tuition payments made via credit card in 59 currencies across North America, Asia Pacific, Europe and parts of Africa.
The nation’s second largest issuer, Bank of America (BofA), has slowly recovered from the “Great Credit Meltdown” of 2008-2009. BofA’s End-of-Year (EOY) U.S. credit card outstandings have produced a compound annual growth rate (CAGR) of -8.25% between 2009 and 2013, according to CardData.
In 1984, JCB decided to expand its cardholder base outside Japan and has been a steamroller ever since as global card transaction value has nearly doubled over the past five years. In 2014 JCB soared by 21.2%, following 21.0% year-on-year (YOY) growth in 2013.
Discover’s U.S. Purchase Dollar Volume (PDV) is growing 4.7% annually. slower than its peer group, however Discover is outpacing the top Visa and MasterCard in outstandings growth. RAM Research forecasts Q1/15 U.S. PDV will slightly exceed $27 billion.