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.
Capital One (COF) has nailed the title sponsorship of the Orange Bowl for this year. The multi-year ESPN deal builds on Capital One’s substantial support of college athletics by becoming the official credit card and bank of the new College Football Playoff.
Pinnacle Payment Services, operating out of Atlanta and Cleveland, has been halted for abusive debt collection practices of an operation that used fictitious names and threatened consumers into paying debts they may not have owed. The Federal Trade Commission (FTC) says the Company is subject to a Nearly $10 million judgement.
CardWeb.com’s CardData financial database projects that among the four top U.S. payment networks Gross Dollar Volume (GDV) for the third quarter will rise 2.9% to $1195 billion; Purchase Dollar Volume (PDV) will rise 8.27% to $1077 billion, and Cards-in-Force (CIF) 2014 will rise slightly to 1200 million at the end of the third quarter.
Fifth Third Bank has created a new payments and commerce solutions division. The new unit will be headed by Randy Koporc as executive vice president and head of Fifth Third Payments and Commerce Solutions.
m-Payments may have a new meaning instead of mobile payments. Due to onerous payment obstacles by financial institutions, the emerging marijuana payments may be the relatively new and lucrative m-Payments market.
A new consumer survey has found 90% credit cardholders who asked their credit card issuers to waive a late payment fee were successful. Furthermore, about 66% of cardholders who asked for a lower interest rate were approved.
CardWeb.com’s CardExecs database today features Sebastian Siemiatkowski Chief Executive Officer of Klarna. Stockholm-based Klarna was founded in 2005 with the idea to simplify buying and is now one of Europe’s fastest growing companies.
VeriFone’s UX Solutions series of unattended payment devices has achieved an industry-first certification to Canada’s first and only contactless debit payment solution, the Interac Flash 1.5 contactless payment specifications.
Paris-based SlimPay says that as of October 1st , all direct debit transactions performed by SlimPay will qualify for Liability Shift. Merchants will be 100% protected in case of consumer disputes filed for unauthorized transactions.
Paris-based Atos and US-based NGDATA have introduced a Big Data omni channel solution for banks worldwide. The solution is built on Canopy’s Data Platform and underpinned by big data machine learning capacities, banks can target their customers more effectively, enhance customer loyalty and strengthen their output.