BitPay has nailed several partnerships with payments companies from around the globe. During the first half of 2015, the company has signed deals with PSPs Payfirma, Sonic Payments, BillPro, Kadu, OpenPay, and Ixopay. These payments companies are based on three continents and, in total, serve more than 100 countries.
SNAP card benefits are being extended to Wisconsin and New Mexico thanks to FL-based FIS. More than 205,000 households in New Mexico are enrolled in Supplemental Nutrition Assistance Program (SNAP), and more than 450,000 households in Wisconsin receive benefits via SNAP or Women, Infants and Children (WIC) – both federal programs created to provide support to individuals and families.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Steve Hicks, Director of Business Development at PaymentCollect.
FICO has introduced FICO Consumer Fraud Control, a new solution for banks that enables their cardholders to configure card usage controls and transactional alerts via the bank’s mobile app.
A majority of small business owners are unaware of the impending EM liability shift coming in October. Less than half of small business owners who accept point-of-sale card payments today report being aware of the October 1 liability shift, the date when a card issuer or merchant that does not support EMV chip card technology will assume liability for any fraudulent point-of-sale card transactions.
Toast founders started with a mobile payments app for restaurants but quickly learned that for restaurants to adopt new technology and for consumers to have a good experience, they would need to start with the POS systems themselves.
CardWeb.com’s CardWatch database of more than 57,000 marketing items today features the MasterCard “#OneMoreDay of Travel: Priceless” TV spot.
CardWeb.com’s CardConferences today features the PayThink Conference at The Cosmopolitan in Las Vegas.
Pipestone System, an agricultural organization based in Minnesota, now uses the reloadable BlazePays Visa Prepaid Card managed by Capital Prepaid Services for payroll.
In today’s CardFlash News Que: RAND (One Payment); PAYITSIMPLE (award); WIRECARD (Sparhandy); and THREATMETRIX (cities).
During this decade, the average debit cardholder increased usage of debit at the POS by 32%. In the same timeframe, card use for ATM withdrawals declined by 41%.
Global purchase transactions (PTX) for Visa and MasterCard debit and credit cards, excluding Visa Europe, soared 12.6% year-on-year (YOY) in the second quarter (Q2/15) and 8.6% sequentially. MasterCard continues to drive the market with an 17.4% YOY gain in PTX, compared with Visa’s 11.0% YOY PTX gain.