Global Risk Technologies (GRT) dynamic risk mitigation announced its end-to-end risk management solutions to European merchants. Helping acquirers and issuers minimize chargebacks, the Global Risk Technologies solution provides highly-scalable and sustainable technology designed for outsourced post-chargeback processing, risk mitigation and merchant education. Sustainable chargeback remediation, Global Risk Technologies’ solution identifies the right target and helps decrease the negative impacts of chargebacks, thereby increasing processing retention and revenues, and helping combat cyber-shoplifting, resulting in sustainable, secure growth. The company aims to free redundant resources dominated by reactive risk management mechanisms and help revolutionize and standardize these processes by providing an end-to-end solution that manages each component in its entirety.
CardWeb.com’s CardWatch database of more than 57,000 marketing items today features the American Express “I’m A Hard, Hard Worker” TV ad.
MasterCard has named R. B. Santosh Kumar as country manager, Sri Lanka and Maldives. MasterCard has also announced plans to launch a local representative office in Colombo early next year.
Tieto announced its latest contract for the continued modernization and improved efficiency with new capacity and cloud solutions. The agreement, with SBAB processing, is valid for five years. In addition to offering cloud services, Tieto will provide IT operations. The Tieto services were ultimately enlisted to provide more cost efficiency while becoming faster and more agile. Additional benefits include increased customer communication and continuous streamlining of operations.
EVERTEC has named former Diebold CEO, Thomas Swidarski to the Company’s Board of Directors as an independent director and member of the Board’s Compensation Committee.
Consumers in the U.S. and U.K. mobile payments are not expected to be a common payment method this Season with less than 5% using them – which is the same proportion of people using checks.
The breadth and depth of the data breaches seen by the world in 2014 was shocking – spanning major banks, e-commerce giants, healthcare giants, casinos and others, exposing hundreds of millions of usernames, passwords and credit card details. However, 2015 may be worse.
Prepaid buyers are increasingly younger: 2 in 3 young adults (aged 18-34) surveyed bought prepaid cards, up from 3 in 5 surveyed in 2013. And they are increasingly mobile enabled, as nearly 2 in 3 smartphone owners, 3 in 4 smartphone and tablet owners, and 9 in 10 adults who have paid for goods and services by mobile phone have bought prepaid cards within the previous year.
Japan’s mobile payment service LINE Pay has unveiled v4.8 and has gone global. LINE Pay is a mobile payment service that lets over 170 million monthly active LINE users (on iPhone or Android) make payments for affiliated services or at affiliated shops in an easy and convenient way, regardless of their carrier or OS.
The Chip & Pin deadline will spur an increase in fraud so saith some. The rate of fraud won’t decrease; it will go up to record levels just before the deadline. Afterwards, we will start to see record levels of Card Not Present (CNP) fraud in the U.S., just as it has risen elsewhere Chip and PIN has been adopted.
Bank of the Philippine Islands inked a deal with Global Payments to form a joint venture to provide merchant acquiring and payment services in the Philippines.
Pakistan’s largest payment system by market share has entered into a strategic partnership to introduce JCB debit cards in Pakistan.
This initiative is a valuable addition to 1LINK’s portfolio of international payment programs which include Visa, MasterCard and China-based UnionPay International.