Toronto-based NBS Technologies says its Xpress Mobile Wallet software has been approved by Visa, to meet all of the functional requirements of its Cloud-Based Payments Program and granted participation in the Visa Ready Program for mobile financial card issuance.
CA-based Armor Payments has launched the first Escrow as a Service (EaaS) payment solution. With Armor Payments EaaS, third-party applications such as B2B marketplaces, crowdfunding services, and solutions requiring B2B disbursements can easily integrate and offer secure escrow payments between their payers and payees to cost-effectively eliminate the risks of doing business online.
First American Payment Systems has partnered with the Community Bankers Association of Illinois (CBAI) as an endorsed merchant services provider for the Association.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Dave Hobday, Managing Director of Worldpay UK.
LS Retail has a new version of its premier Omni-Channel retail and hospitality solution, LS Nav. The LS Nav member management feature makes it easy for retailers to get closer to their customers by offering them membership in loyalty programs as an app.
Atlanta-based FleetCor Technologies reported total revenues increased 47% to $376.7 million compared to $255.5 million in the fourth quarter of 2013. Comdata, which was acquired on November 14, 2014, contributed approximately 27 percentage points of the revenue growth in the quarter, or $70 million to the fourth quarter of 2014.
American Express continues to lose U.S. marketshare to Visa (VS) and MasterCard (MC) in the fourth quarter, with MC doing the most damage gaining 80 basis points (bps). Discover continues to maintain its 2.5% marketshare in U.S. Gross Dollar Volume (GDV).
Purchase Dollar Volume (PDV) in Canada for Visa and MasterCards rose 4.4% on a U.S. dollar basis in the fourth quarter (Q4/14) but weakened by a very strong dollar. Nevertheless, all is good and strong north of the U.S. border.
Hard to believe, or not so – the Brits (not early adopters) are slowly coming up to mobile payments. More than 71% of respondents in a new survey believed mobile payments to be the least secure payment method.
Orlando-based Funds2Orgs is reinventing crowdfunding with the launch of “Shoe Funding.” On Funds2Orgs’s new website www.shoefunding.com entrepreneurs and others hoping to raise funds for a special endeavor can earn money by collecting new and gently used shoes.
Bank of Canada sent shock waves last night when it decided to cut overnight rates to 75 basis points (bps). This may have impact on Canadian credit card ABS.
Computer Services has enhanced its WatchDOG watch list screening applications to align with recently released regulations from the Office of Foreign Assets Control (OFAC) that target the Crimea region in Ukraine.