Manhattan Beach has delivered another payments anomaly in the current payments ecosystem. Cause Payments automatically contributes a portion of every credit card transaction processed to a charity or school of the merchant’s choice.
ACI’s ReD has teamed with First Data Mexico to offer enhanced fraud prevention services in support of the fast growing e-commerce market in Latin America.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features James Nevels a new member of the First Data Board of Directors.
The new Adaptive Fraud Protection from Contact Solutions is a multi-layered, proactive fraud management solution that recognizes and stops fraudsters and nuisance callers before they create havoc in the contact center, while improving overall authentication processes and the customer experience.
Smartlink has landed a license to host and offer a white label version of the MasterPass wallet to its customers. Smartlink operates a wallet platform that allows European financial institutions and merchants to build their individual personalized applications.
Kohli Ventures acquired Dynacart Solutions payments processing company. The Group has acquired the Dynacart equity previously owned by a major investment management house in Liechtenstein; following this transaction, Kohli Ventures owns the entire issued and to be issued share capital of the business. Kohli Ventures had first invested in Dynacart in 2011 after being attracted by its potential to act as a disruptor in the payments industry through its easy-to-use and secure payments gateway solution. Dynacart offers easy and secure online payment processing products for merchants to accept payments online, connecting customers with international banks and financial institutions to facilitate electronic transactions – users simply embed snippets of code on the website of any online store.
Dwolla remittance announces new experience similar to direct deposit. With a paperless, safe way to route payments directly to a recipient’s bank account, Dwolla no longer requires recipients to register for a full Dwolla account and all future payments made to their email address will be routed directly to their bank account in as little as one to two business days. Dwolla Direct users can get access to additional features”like the ability to send or request money”at any time by converting to a free full Dwolla account. The sender can send payments to emails: No need to collect, and then protect, sensitive bank account information to send a payment. Set it and forget it: Once your recipient’s email is connected to a bank account, future payments to the email address will notify the recipient and automatically route the funds to their bank or credit union account.
Charge-offs among the nation’s top six credit card issuers will likely drop to 2.33% in the fourth quarter, but will likely inch up in the first quarter as delinquency ramps up. The fourth and first quarter are somewhat skewed due to the seasonality denominator.
Lebanese payments cards are growing at a compound annual growth rate (CAGR) of 3.41% since 2009 and now total more than 1.8 million. In terms of transaction value, payment cards valued LBP15.5 trillion (US$10.3 billion) in 2013, running at a CAGR of 12.07%.
Move over Xapo here comes Blade Financial, headed by the former GM of American Express’s prepaid card business. Blade Financial is the the first company to bring debit card programs directly to bitcoin businesses.
NY-based PayItSimple in collaboration with Spreedly have completed integration with an additional 30 payment gateways to provide PayItSimple service to US-based merchants. With the addition of these gateways, PayItSimple is now integrated with approximately 70% of all payment gateways in the U.S.
San Diego-based PayLease has unveiled several mobile solutions that will enable residents to pay rent or HOA dues using a smartphone.
Residents of communities who use PayLease can now download a free iPhone or Android app to pay their rent with a mobile device.