San Francisco area – based Feedzai has inked a new customer in Brazil. The new customer in Brazil can handle more than 10,000 transactions per second and is licensed by both Visa and MasterCard.
Spire Payments mPOS is launching two new chip and PIN mPOS device, the SPm20 and the SPm2, to complement its PosMate Smart thereby adding to its stable of innovative mPOS devices.
CardWeb.com’s CardWatch database of more than 57,000 marketing items including direct mail, print ads, TV ads, etc. today features the MasterCard – “One More Day” TV ad from July 2014.
While largely ceremonial, President Obama today signed an executive order at the Consumer Financial Protection Bureau mandating the use of smart payment cards in the U.S. for government payments. The payment transistion in the U.S. from mag stripe/signature card payments to Chip/PIN (EMV) is already underway and will be in full steam in 2015.
Capital One (COF) reported a 15% year-on-year (Y/Y) decline in third quarter (Q3/14) after-tax U.S. bank credit card profits to $550 million. However, Purchase Dollar Volume (PDV) rose 13% in the quarter to $53.7 billion.
The “ApplePay Day” is Monday, October 20, 2014, a day that might live into infamy in the payments industry. Next week, American consumers will be able to start making payments with the touch of a finger.
Synchrony Financial (f/k/a GE Capital Retail Finance) posted a 14.5% decline in third quarter (Q3/14) profits to $548 million. However, period-end loan receivables growth for the retail payment card giant remained strong at 7%, driven by purchase volume and average active account growth.
Alliance Data Systems reported third quarter revenue increased 20% to $1.3 billion while adjusted EBITDA, net increased 15% to $376 million for the third quarter of 2014.
Based on forecasts provided by acquirers representing approximately 80% of U.S. purchase volume at least 47% of U.S. merchant terminals will be enabled for EMV chip technology by the end of 2015. Also Visa announced it is kicking off a national awareness and education effort that will reach millions of U.S. cardholders and merchants with information about chip technology.
CardWeb.com’s CardExecs database of card industry movers and shakers today features Manuel Medina-Mora, Co-President of Citi overseeing Global Consumer Banking.
Starbucks will introduce for the first time Mobile Order and Pay in stores within the Portland area before the end of the calendar year. Starbucks is also beefing-up its My Starbucks Rewards loyalty program.
Amsterdam-based Mobbr has unveiled the world’s first and only crowd payments platform for the collaborative economy. Mobbr Crowd Payments unlocks the true potential of crowd-sourced labor.