PSCU credit unions have saved more than $100 million in declined fraud transactions over the past 12 months. Industry-wide, credit unions have incurred expenses from card reissuance and fraud totaling $87.4 million between the Target and Home Depot breaches.
CardWeb.com’s CardData financial database projects among the four top U.S. payment networks Purchase Dollar Volume (PDV) will rise 9% to $1123 billion in the fourth quarter. So far this year all the payment networks are rising in PDV at a rate not seen since 2009.
Amsterdam-based Coinzone’s Bitcoin payment gateway is now available for use by businesses in Europe. Through Coinzone, businesses will be able to eliminate the cumbersome and complicated payment structures associated with geographic boundaries and benefit from an easy-to-use and secure payment gateway.
Stockholm-based Klarna has formed plans to invest at least $100 million in its U.S. expansion, and the establishment of operations in Columbus, Ohio. Klarna Checkout enables consumers to buy online by entering only top-of-mind information like an email address and zip code.
Broadcom has integrated NFC into its Wireless Internet Connectivity for Embedded Devices (WICED) software development kit (SDK). This new offering enables Broadcom to support the need for NFC in a wider array of products and expands its range for Internet of Things (IoT) devices.