Quatrro Processing and Emailage Team to Target Chargebacks

Quatrro Processing and Emailage Team to Target Chargebacks

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Atlanta-based Quatrro Processing and Emailage have formed a partnership to empower both parties in leveraging their combined service offerings to provide end-to-end fraud and chargeback solutions that are tailored for merchants of all sizes. Emailage has access to more than 5 billion emails around the world with global coverage for fraud…

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FTC Snags CardReady & E.M. Systems for Card Laundering

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Federal Trade Commission and the State of Florida have charged CardReady, a payment processing business with credit card laundering and illegally assisting and facilitating a nationwide debt relief telemarketing scheme that allegedly bilked millions of dollars from consumers. When scammers cannot gain or maintain access to the credit card networks…

Special Breaking News Mentions in Today’s CardFlash

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] In today’s special mentions: SHIFT4 (EMV); FREEDOMPAY (Microsoft); CARDFELLOW (Square); and SMARTCARD (Bluebird). SHIFT4 – Shift4 has completed certification for U.S. EMV with First Data’s Rapid Connect solution. Merchants can now process chip-embedded credit and debit card payments through Rapid Connect while receiving the security and flexibility benefits of Shift4’s DOLLARS…

U.S. 3Q/15 Consumer Debt Ratios Hover at 35-Year Lows

U.S. 3Q/15 Consumer Debt Ratios Hover at 35-Year Lows

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Financial Obligations Ratio (FOR) for 3Q/15 has declined to 15.31%, the lowest measurement since 1981 and the Debt Service Ratio (DSR) plunged to 10.03%, the second lowest ever recorded in 35 years. According to the Federal Reserve the FOR declined to 15.31% in 3Q/15, compared to 15.33% in 2Q/15 and…

First American Payment Systems Buys ISO Portfolio

First American Payment Systems Buys ISO Portfolio

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] TX-based First American Payment Systems has purchased the entire portfolio of Independent Sales Organization (ISO) accounts and associated contracts from Chase Commerce Solutions (CCS). CCS is the global payment processing and merchant acquiring business of JPMorgan Chase & Co. With 25 years of experience in providing sales and operational support for…

Restaurant POS Specialist Toast Nails More Funding

Restaurant POS Specialist Toast Nails More Funding

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Restaurant POS specialist, Toast, has nailed $30 million in second round funding led by Bessemer Venture Partners with help from GV (formerly Google Ventures), and private investors. Toast experienced exponential growth this past year. The company recently announced the signing of 1,000 customers in five quarters, and its deployment to fast…

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Crowdster Offers Fundraising via Apple Pay

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] NY-based Crowdster has unveiled a unique mobile donation capability based on ApplePay that enables donors to complete transactions as easy as making purchases on iTunes. Crowdster, is a provider of easy-to-use and low cost online fundraising platforms for non-profits. The Apple Pay application allows donors to use their smartphone to make…

IoT Specialist KORE Powers DipJar’s Tips/Donations

IoT Specialist KORE Powers DipJar’s Tips/Donations

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] KORE, the world’s largest managed wireless network services provider specializing in the Internet of Things (IoT) and machine-to-machine (M2M) communications, inked an agreement to provide connectivity for DipJar’s electronic tip and donation jars. Through the KORE network, DipJar will securely and reliably process wireless gratuity and donation payment information without the…

Nov Consumer Credit

November 2015 Consumer Credit

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] November consumer revolving credit card debt increased at an annual rate of 7.4%, compared to 0.1% in October and 8.8% in September. Also, compared to 5.8% in the second quarter, and 8.7% in the first quarter. Overall consumer credit increased at a seasonally adjusted annual rate of 4.8%. Non-revolving credit increased…

Penalty Fees

Penalty Fees YOY 2015

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] After rising predictably YOY for most of the last decade, penalty fee income continued to slide dropping to $11.5 billion in 2015, compared to $11.7 billion and $12.0 billion According to the R.K. Hammer Card Penalty Fee Index, the lowest level since Index began. Despite the decline in penalty fees, total…