Purchase Dollar Volume (PDV) for Visa, MasterCard, Discover and American Express U.S. debit cards is expected to reach $2.67 trillion annually by year-end 2019. According to forecaster RAM Research, the U.S. PDV for the U.S. debit card industry is currently growing at a CAGR of 7.70%.
Severely delayed debts sold-off to debt collection agencies will have minimal impact on consumer scores and will not impact the predictiveness of VantageScore 3.0 credit scores.
Visa’s CyberSource has unveiled Decision Manager Replay, the industry’s first fraud tuning analytics tool which allows merchants to quickly analyze and adjust their online fraud management strategies.
San Francisco-based NerdWallet has elected Simon Williams to its board of directors after he ponied up a $5 million investment from his Camelot Financial Capital Management. The funding brings the company’s Series A funding to $69 million.
Visa has pulled the curtain up on its Visa Integrated Marketing Solutions (VIMS), a card marketing platform designed to help small to medium-sized issuers optimize their marketing efforts.
Despite all the buzz, with more than half of consumers aware that they can make payments through their mobile phones – only 18% of Americans use their mobile phones to make at least one payment a week.
Silicon Valley-based talech Inc., a cloud-based POS solution, unveiled a simple, affordable, EMV ready payment and POS solution that works with specific Ingenico Group terminals, can be activated seamlessly through a software download, and does not require customers to change payment processors.
AZ-based Early Warning introduced the Authentify Platform. The Authentify Platform is a suite of solutions that enables a simplified, unified approach to authentication. All capabilities are accessed via a single Enterprise API significantly reducing the cost of complex risk-managed multi-factor authentication and increasing the speed of adding future authenticators.
It’s now possible to use the Seamless SEQR payment solutionSeamless to make international money transfers between SEQR users. The service is initially being offered free of charge and will be the simplest and least expensive way of sending money between countries.
The National Association of Federal Credit Unions (NAFCU) says the transition to EMV cards is an important step in the process of data security, but it is not a silver bullet. Last week the FBI also reinforced EMV will help reduce counterfeit cards but until PINs are used at the POS fraud will continue.
For the first time, Chase eligible co-branded credit cards, Marriott Rewards® and United MileagePlus, are coming together to offer double the rewards on respective purchases this holiday season with ‘Double Stay, Double Go.’
FICO says 100 million consumer accounts in the U.S. now have regular access to FICO Scores for free. The FICO milestone was achieved less than two years after the FICO Score Open Access program launched.