Earthport inked a white labeling contract with Standard Chartered for undisclosed terms. Standard Chartered white-labelling the Earthport collaboration will bring the benefits of our innovative payments service to the bank’s customers.
With the average cost of a data breach at $136 per record, and the cost of non-compliance with PCI being on average, more than 2.5 times greater than compliance, brands and call centers are more focused than ever on becoming PCI compliant.
Minneapolis-based Digital River has signed multiple payments agreements with Klarna, a Stockholm-based payment provider. As part of another agreement, Klarna is using the Digital River World Payments solution to process consumers’ credit card and online bank transfer payments through Digital River’s international payment gateway.
Balance transfer fees may soon gain traction in the Australian market with new legislation affecting the allocation of credit card repayments. This will affect the profitability of balance transfer offers in Australia, thus pressuring the introduction of balance transfer fees.
FL-based Velocity Solutions has tackled the problem of the loss of substantial overdraft and interchange revenue for many banks and credit unions. The Company says its new My Rewards Premium Debit Card is the answer.
PayToo Mobile, the first Worldwide GSM mobile wallet merging a complete telecom suite of services and a mobile payment solution has buddied up with start-up PayDirect. Both companies say the alliance is an opportunity to offer Money Transmitters, a mobile money transfer solution and other services for their customers while offering cutting edge technology.
Norway’s Promon has inked a deal with Skandiabanken to integrate Promon Shield security technology into the bank’s new mobile banking service. Skandiabanken becomes the first Norwegian bank to introduce the extra layer of protection for their mobile banking service.
While most segments of the payment card issuing business are saturated with targeted products, there remains a potentially lucrative market segment that has not been fully developed. The “Near Prime” segment represents new card account applicants who live on the border of becoming prime, but they are just not yet there.
One week after announcing it will become a separate company and hiring a big gun from American Express to be CEO, PayPal is feeling the heat from the emergence of Apple Pay. This morning PayPal is encouraging its 152 million active registered accounts to download a NFC App to turn their mobile phone into a payment device.
CardWeb.com’s CardData financial database projects Visa will report $1205 million in profits for the third quarter. Visa announced today it will release its latest quarterly results on October 29th after the market close. MasterCard will report on October 30th before the market opening.
Co-branded credit cards are mature products ripe for change. A new report suggests some nuances are beginning to emerge as both issuers and brand partners seek differentiation within this homogenous product set.
If there was ever a time for consumers to embrace mobile payments, then that time is nigh. Apple’s entry into the field sends a clear signal that mobile payments are here to stay.
