Visa has integrated token technology into Visa Checkout, the company’s online check out service used by merchants and consumers globally. Additionally, Visa is working with merchants to apply token technology to “cards-on-file.”
USA Technologies (USAT) is expanding its proprietary MORE rewards and loyalty program to partners nationwide, providing access to custom rewards and discount programs for all 333,000 locations connected to the ePort Connect service.
Zebit has launched the first fully automated payment system providing zero-interest credit to the 68 million Americans underserved by traditional financial services but willing to pay up to MSRP prices for electronic products.
Just four weeks after its launch in the U.S., Samsung Pay is proving its biggest advantage is broad acceptance enabled by Samsung’s MST (Magnetic Secure Transmission) in combination with NFC. Blackhawk Network has teamed with Samsung Pay to enable the integration of gift cards into the Samsung Pay mobile payment solution.
San Francisco-based OmnyPay has launched its first integrated mobile loyalty, rewards and payment system designed specifically for retailers. OmnyPay enters the mobile payments market with major competitive advantages: a clear focus on a long-standing retailer problem, a proven management team, and a first-of-its kind solution to solve the “last inch” of the mobile payments process.
In today’s CardFlash News Que: CASHSTAR (gift cards); PAYANYWHERE (NFC); AFFIRM (e-commerce); and TCH (FIS).
Cardholders are 22% more likely to be very-to-extremely satisfied with their bank if they have received an instantly issued debit card instead of a card sent by mail. A new study also found that cardholders who receive their card instantly in a branch often start using it immediately, accruing between $0.50 to $0.77 in additional interchange revenue for their bank during the first month.
In today’s CardFlash News Que: SYNCHRONY (CareCredit); REMITLY (Mexico); EXPERIAN (Small Biz); and WESTERN UNION (Connect).
Average early stage delinquency (30+ days) for the third quarter, among the nation’s top four issuers, edged up by 15 basis points (bps) sequentially, but dropped year-on-year (YOY) by eight bps. All of the top issuers posted higher delinquency for the quarter, according to CardData.
Charge-offs among the nation’s top four U.S. issuers dropped 15 basis points (bps) year-on-year (YOY) to 2.68%, and down 20 bps sequentially for the third quarter. Citibank has done the best job of reigning in card losses, dropping 44 bps from Q2/15 and 41 bps YOY.
Capital One’s third quarter earnings were relatively good as the company delivered a 1.43% return on average assets (ROAA), up from the sequential quarter which was impacted by a large restructuring charge, but down 8 basis points from the year-ago quarter.
Toronto-based GoldMoney has ankled Katie Sokalsky, CPA, CA, as Chief Financial Officer, and Kate Millington as General Counsel of GoldMoney. GoldMoney also completes the previously planned addition of James Turk and Hector Fleming to the board of directors.