Global Tel*Link has begun to include key-injected credit card scanners in all of its new payment kiosk deployments, as well as to perform quarterly inspections and audits of all payment kiosks. With this move, GTL is emphasizing its commitment to the protection of customer data by complying with and going beyond industry standards for customer data security.
Pocket Systems has unveiled PocketKey, a new system designed to permanently end the problem of e-commerce credit card theft for consumers, merchants and banks. 85% of Americans in wealthier households now consider card theft from a merchant as their biggest crime risk and 27% of Americans have experienced the anxiety and hassle of card theft in the past year. By 2018, losses to banks and merchants from credit card fraud are projected to reach $19 billion.
The average U.S. 90+ day delinquency rate among the nation’s four largest issuers declined 9 basis points (bps) sequentially, to a record low of 0.92% for the second quarter, compared to 1.01% in the prior quarter and 1.00% one-year ago.
PayPal has ankled John Rainey as its new Chief Financial Officer, effective August 24, 2015. Rainey joins PayPal from United Continental Holdings, where he was Executive Vice President and CFO at United Airlines.
American Banknote in partnership with Above Mobile has rolled-out the first complete wallet application for Android users, with the addition of ABnote’s secure mobile payments platform to PassWallet.
Flint Mobile, a mobile payment service that allows small businesses, freelancers and non-profits to get paid by credit card through a free mobile app that requires no external card reader, has added enhancements to its iOS app that leverage Apple’s expanding digital wallet ecosystem.
Green Dot continues on a roll with gross dollar volume soaring by 10.9% year-on-year (YOY).Total operating revenues on a generally accepted accounting principles (GAAP) basis increased 16% to $170.2 million for the second quarter of 2015 from $147.0 million for the second quarter of 2014
CardWeb.com’s CardWatch database of more than 57,000 marketing items today features the VISA “In Japan without a Yen” TV spot.
CardWeb.com’s CardData database of Company Profiles today features SegPay.
Bankrate reports unique visitors to its flagship CreditCards.com site increased 16% year-over-year. In April 2015 CreditCards.com redesigned its website and incorporated mobile responsive design features. During Q2 2015, total mobile device card approvals increased by 20% compared to Q1 2015.
CardWeb.com’s CardData Reports today features the Cards and Payments Industry in Brazil report by Timetric.
Watch out WEX, VA-based Quarles has unveiled Watchcard, a new national fleet card branded offering. The new universal fleet card is available to businesses across the country to help them manage their fleet’s fuel expenses.