US EMV Reeling from Merchant & Consumer Frustration

US EMV Reeling from Merchant & Consumer Frustration

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The EMV migration in the U.S. turned the payment card market on its head during the first quarter (1Q/16), as merchants struggled to catch up and assist/educate frustrated customers. During 1Q/16 EMVCo updated its EMV Payment Tokenization Specification – Technical Framework bulletin. The update will provide the payment community with a…

Worldpay’s New Pricing Plans a Boon for UK Small Businesses

Worldpay’s New Pricing Plans a Boon for UK Small Businesses

Worldpay unveiled a unique offering for the UK payments industry that will provide a greater range of payment pricing options, meaning SMEs can find the perfect payment plan to fit their business.  Taking inspiration from the mobile telephony industry, the UK’s number one payment provider has added ‘Pay As You Go’ and ‘Fixed Monthly’ card…

NFC Takes Further Hold in 1Q & Replace Plastic by 2030

NFC Takes Further Hold in 1Q & Replace Plastic by 2030

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Near Field Communication (NFC) continued to hit stride in the first quarter with new developments across the globe. Recent research predicts plastic cards gone by 2030 as NFC penetration explodes globally. A recent survey shows among all respondents, 73% have heard of Apple Pay, while awareness jumps up to 84% for…

V+M Intl Debit Card Cash Transactions Continue Robust

V+M Intl Debit Card Cash Transactions Continue Robust

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] International cash transactions (CTX) for Visa and MasterCard credit and debit cards grew by 8.2% year-on-year (YOY) in the fourth quarter (4Q/15). International CTX for credit cards decreased 4.6% YOY while international CTX for debit cards rose 9.2% YOY in 4Q/15. In the fourth quarter gross international payment card cash transactions…

Top 4 Issuers Active Accounts Deteriorate Except COF

Top 4 Issuers Active Accounts Deteriorate Except COF

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. bank credit card active accounts (AAC) (accounts with sales activity), among the Top 4 U.S. issuers, slipped 1.5% year-on-year (YOY) in the fourth quarter (4Q/15). Capital One was the only issuer to post a positive YOY AAC gain in the fourth quarter. While Chase and BofA had slight erosion, Citibank…

Syniverse and First Performance Global form SyntraPoint

Syniverse and First Performance Global form SyntraPoint

Syniverse and First Performance Global have formed a joint venture to prevent fraud and identity theft as a result of real-time mobile transaction alerts and dynamic card controls. SyntraPoint will be able to allow cardholders to receive real-time alerts through multiple cross-channel delivery mechanisms, including in-app push, SMS, phone call and email. Additionally, transaction controls…

BRIEFS: TNS; MONERIS; I3; and NFG

In Other News: TNS (Bluefin); MONERIS (talech); I3 (acquisitions); and NFG (EMV). TNS – Transaction Network Services is partnering with Bluefin Payment Systems to provide Bluefin’s Decryptx PCI-validated Point-to-Point Encryption (P2PE) solution within its Managed POS Encryption suite. MONERIS – Moneris Solutions and talech have formed a strategic partnership and referral agreement. As part of…