Naples, FL-based ACI Worldwide has ankled James C. Hale to its Board of Directors. Hale has more than three decades of management experience in banking and international payments innovation.
San Diego-based Ameranth says the U.S. Patent And Trademark Office (USPTO) has concluded its review process of Ameranth’s lead ‘data synchronization’ patent under a second attempt to invalidate it under the Covered Business Method (CBM) review process initiated by many infringing Defendants.
New research reveals account takeover fraud, in which fraudsters steal an established account with personally identifiable information (PII) attached to it, continues to beat credit card fraud. Account creation fraud has increased by more than 100% since February 2015.
Purchase dollar volume (PDV) for Visa, MasterCard, American Express and Discover cards (credit + debit) in the U.S. climbed 7.6% year-on-year (YOY) in Q2/15 reaching a record $1205 billion, according to CardData. RAM Research now predicts annual U.S. credit card PDV will top $4.1 trillion by 2019 and U.S. credit card PDV will approach $2.7 trillion.
About three dozen new merchants, ranging from Best Buy and Under Armour to Barnes & Noble and Taco Bell in the US, have signed on to offer Visa Checkout. New merchants from Australia, Canada and Columbia have jumped on the rapidly expanding bandwagon.