First Data is expanding its suite of Clover business management solutions with an EMV-enabled card reader that plugs into an iOS or Android tablet or smartphone and works with a Wi-Fi or cellular connection. The new Clover Go enables business owners of all sizes to seamlessly and securely accept payments outside of a traditional brick-and-mortar…
Diebold is introducing a new mobile-enabled self-checkout concept. The new concept combines the core capabilities of the automated teller machine (ATM) with the convenience of contactless mobile payments and self-checkout. Introducing simplicity to the in-store shopping experience, the new concept enables consumers to scan items they want to purchase while shopping in-store via their mobile…
MA-based Aila Technologies has unveiled a new iPad Pro-based Interactive Kiosk for in-store retail shoppers and an iPod Touch 6-based handheld device for sales associates. Aila’s Interactive Kiosks and Mobile Imagers feature the company’s TrueScan technology, which delivers clear, reliable scanning without the bulk of traditional scanners, giving Aila’s products the sleekest form factors on…
Next week MasterCard will become the only payment network in Canada to be offered by all major financial institutions. Desjardins, a Visa issuer, is adding two MasterCards for the first time. On January 18, 2016, Desjardins will begin issuing MasterCard credit cards. Desjardins currently has a portfolio of over 5.5 million Visa cards. Desjardins’s association…
PA-based Member Solutions is rolling-out a brand-new Point of Sale (POS) module for its myVolo online business management software. Member Solutions provides full-service membership billing, payment processing, business management software and advisory services for Martial Arts, Fitness and Health-related businesses. The release features an overhauled POS interface — bringing a completely new look and feel…
IBM has acquired a German company specializing in real-time analytics to help combat payment fraud. IRIS Analytics provides a real-time fraud analytics engine that leverages machine learning to generate rapid anti-fraud models while also supporting the creation and modification of ad-hoc models, proven successful on various sized payment platforms. Acting as a “virtual analyst” to…
CardFlash.com Breaking News: INTERNAP (PCI); CALE (exec); TRANSFIRST (Bank Mutual); and INCOMM (Switch). INTERNAP – Internap announced the company’s managed hosting and colocation services meet the compliance requirements for PCI DSS v.3.1, the latest security standard from the PCI Council. As one of the first infrastructure providers to meet PCI’s updated standard, Internap is offering…
The Dashlane 4 has arrived with a completely redesigned password and identity management solution simplified for a more intuitive user experience on Windows, Mac, iOS and Android. Additionally, DashIQ, the company’s proprietary semantic analysis engine, further enhances Dashlane 4’s performance with translated and localized native language functionality in five new languages – ensuring a more…
Renters get more ways to pay as well as having their payment history reported to a major credit bureau, primarily for credit building purposes. RadPad announced that MasterCard cardholders can now enjoy the convenience of paying rent with their MasterCard-branded credit or debit cards, MasterPass digital wallet or via iPhone and Android apps. Cardholders who…
Cross-border transaction volume for Visa and MasterCard rose 9.6% year-on-year (YOY) in the third quarter. Visa’s cross-border currency adjusted (FX) gross dollar volume (GDV) increased 5.0% YOY, while MasterCard rose 15.7% YOY for FX GDV in the third quarter. Cross-border volume refers to payments and cash volume where the issuing country is different from the…
Credit card fee income rose 4.4% year-on-year (YOY) in 2015, topping $94 billion. Fees in every component increased with the exception of penalty fee income with decreased slightly. R.K. Hammer estimates that the card business saw a fee income increase of $4 billion in 2015 compared to 2014. New regulations and legislation continue to have…
Barclaycard US has named a new CEO. Curt Hess has been covering the role on an interim basis since May last year. Hess has been with Barclays for eight years, most recently holding the position of Chief Financial Officer for Personal and Corporate Banking in London. He has also served as CEO and CFO for…