CardWeb.com’s CardData financial database projects Chase credit card Purchase Dollar Volume (PDV) to remain strong in the third quarter and will likely top $122 billion. Chase will also likely top 66 million accounts at the end of the third quarter. Chase will release third quarter results on October 14 at 8am EDT.
Prepaid card specialist, Blackhawk Network, has inked a deal to acquire Parago for about $290 million. Parago is a provider of end-to-end engagement management programs for consumers, sales channels and employees has more than 250 customers, including Fortune 100 companies, multi-national corporations and global consumer brands.
WA-based BioTrackTHC is aiming to remove the banking roadblocks for states with active marijuana businesses. The new BioTrackTHC STS Multi-Point verification banking program is intended to solve all of these issues within one module for banking, credit cards, and debit solutions.
China Mobile has selected Gemalto’s UpTeq NFC Multi-tenant SIMs to protect consumer credentials used for mobile contactless payments for mass transit services in Beijing. There are more than 22 million daily commuters in the city that ride buses and the metro.
CardWeb.com’s CardExecs database today features Frank Martien,
Partner, Commercial Payments, First Annapolis Consulting. First Annapolis advises credit and debit card issuers, transaction processors, payment networks, retailers, and other industry stakeholders in payment-based sectors of the financial services industry.
Big data is full of hype and it’s hard for IT leaders, especially payments companies, to know how to exploit its potential. A new report dispels five myths and concludes IT leaders need to cut through the hype and confusion, and base their actions on known facts and business-driven outcomes.
China Merchants Bank has selected NCR Dynamic eLock Management software-based ATM electronic key management solution. This help the bank centralize the management of safe box keys and passwords across its over 10,000 unit ATM network.
San Francisco-based Affirm says its installment financing service for online shoppers and merchants is going gangbusters. Affirm lets shoppers pay for purchases across multiple months with transparent, fairly-priced fees built into every payment, and boosts conversion and basket size for eTailers at less than the cost of credit cards.
Wallaby Financial and CreditCards.com announced the launch of the WalletUp Mobile App. The new App will enable consumers access a comprehensive set of financial resources including a personalized recommendation on which credit card to use at the point of purchase to maximize their rewards.
CardWeb.com’s CardPixes database of more than 7,000 card images today features the BECU Visa card. The BECU Visa card is issued by the Boeing Employees’ Credit Union.
Paris-based INSIDE Secure has received recognition from five organizations covering information security, semiconductor and mobile payments. INSIDE Secure provides comprehensive embedded security solutions.
CA-based Kofax says a mobile money management and remote deposit capture (RDC) solutions provider recently switched to Kofax Mobile Capture Platform. The undisclosed, but rapidly growing customer, serves medium sized banks with under $20 billion in assets.