Verifone Inks a Major Payment Gateway Deal

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Verifone has inked a deal to acquire AJB Software Design, a Toronto-based provider of payment gateway and switching solutions for large merchants in the U.S. and Canada. Approximately 150 large retailers in the U.S. and Canada rely on AJB’s on-premise gateway and other solutions to connect nearly a half million payment…

Holiday E-Commerce Hit $550MM Reports eBay Enterprise

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] E-commerce sales fulfilled by stores reached $515 million during the holiday season – a 62% increase from 2014 – which can be largely attributed to consumers truly embracing a seamless shopping experience, particularly during the holiday season. eBay Enterprise says its latest data shows ecommerce order volumes fulfilled by stores increased…

Special Breaking News Mentions in Today’s CardFlash

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] CardFlash.com Breaking News: ELO (iMobile3); INGENICO (ePayments); ACI (holiday fraud); and USAEPAY (POS). ELO – Elo, a leading global supplier of touchscreen solutions announced iMobile3, a mobile applications platform provider, has certified two Elo PayPoint point of sale (POS) systems for use with its Merchant-In-A-Box software platform. iMobile3’s Merchant-In-A-Box offerings combine…

Citi Credit Card Profits Sag as Portfolio Stagnates

Citi Credit Card Profits Sag as Portfolio Stagnates

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Citibank North America branded credit card profits declined 19.0% and Citi retail cards declined 5.5% year-on-year (YOY) in the fourth quarter (4Q/15). Citi branded cards continue to experience no growth in outstandings and impacted by increased acquisition and rewards costs. 
 EOP outstandings declined 0.4% YOY from $67.5 billion one-year ago…

US Bank Posts Positive Gains in Consumer+Biz Cards

US Bank Posts Positive Gains in Consumer+Biz Cards

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. Bank (USB) posted a 4.0% year-on-year (YOY) gain in consumer and commercial purchase dollar volume (PDV) for the fourth quarter (4Q/15) as outstandings increased 4.4% YOY. Net income for U.S. Bank Payment Services, which includes cards, consumer lines of credit and merchant processing, increased 7.2% YOY to $326 million. PDV…

First Data Unveils New Clover Reader for Mobile Devices

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] 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…

Diebold Concept: ATM + NFC + Self Checkout

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] 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…

Aila Intros iPad and iPod POS Interactive Kiosks

Aila Intros iPad and iPod POS Interactive Kiosks

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] 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…

Member Solutions Overhauls its myVolo POS Module

Member Solutions Overhauls its myVolo POS Module

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] 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…

Special Breaking News Mentions in Today’s CardFlash

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] 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…

Chase Credit Card Portfolio Continues to Weaken in 4Q

Chase Credit Card Portfolio Continues to Weaken in 4Q

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Chase, the nation’s largest bank credit card issuer, continues to struggle with real growth as fourth quarter (4Q/15) outstandings were flat year-on-year (YOY) and purchase dollar volume (PDV) posted a weak growth rate of 5.8%. ARTICLE: Chase, the nation’s largest bank credit card issuer, continues to struggle with real growth as…

PayPal Ankles Xapo CEO Wences Casares for its Board

PayPal Ankles Xapo CEO Wences Casares for its Board

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] PayPal has increased its Board to nine members with the addition of the CEO of Xapo, Wences Casares. Casares will serve on PayPal’s Compensation Committee. Casares is the founder and CEO of Xapo, a company that provides the tools people need to purchase bitcoins and then manage them through an easy-to-use…