Experian Data Breach Resolution has enhanced its “ProtectMyID” active fraud surveillance and identity theft resolution solution. Partnering BillGuard card fraud monitoring mobile application, Experian makes available the “ProtectMyID” comprehensive solution for protecting exposure of Social Security numbers and payment card numbers. Members of Experian’s ProtectMyID can now download the BillGuard mobile app and access both their ProtectMyID alerts and BillGuard features within the BillGuard mobile app.
Capital One (COF) reported a 7% year-on-year (Y/Y) rise in fourth quarter (Q4/14) after-tax U.S. bank credit card profits to $487 million, but sequentially declined 11.5%. However, Purchase Dollar Volume (PDV) rose 15.5% in the quarter to $58.2 billion.
Visa Europe reports there are more than 100 million contactless Visa cards, as are 1.8 million Visa terminals as of end-of-year 2014. Hundreds of big-name merchants are rolling-out contactless and annual transaction volumes exceeded 460 million which is 263% higher than the previous year and the value of those transactions is 283% higher than the previous year.
Synchrony Financial (f/k/a GE Capital Retail Finance) posted a 19.9% surge in fourth quarter (Q4/14) profits to $531 million, but slipped slightly from the prior quarter. Period-end loan receivables growth for the retail payment card giant remained strong at 7%, driven by purchase volume and average active account growth.
A first-of-its-kind study on Western Union sheds new light on the positive impact of cross-border money transfer broadly and of its services in particular. For example, each Western Union Agent location in the Philippines handles transactions that infuse enough funds into the local economy to create 85 non-Western Union jobs.
Emerging Greenlight Planet unveils the Sun King Eco Easy Buy, a pay-as-you-go platform that enables customers to purchase Sun King Eco solar lamps in staggered 10-week installments. Greenlight Planet has sold over 3 million Sun King solar lamps, has 11 offices globally, over 700 full-time employees and 6,000 Sun King micro-entrepreneurs.