The vast majority of Americans (90 percent) recognize the importance that access to credit plays throughout their life, according to the new Chase Slate Credit Survey. However, when it comes to awareness of their personal credit health there are gaps. Nearly four-in-ten Americans (39 percent) admit they do not know their current credit score, and more than half (52 percent) do not know that paying bills on time is the factor that has the largest impact on their credit score.
Elavon, a leading provider of payment solutions and subsidiary of U.S. Bancorp (NYSE: USB) has signed a multi-year agreement with Wyndham Hotel Group to integrate secure payment technology for approximately 4,500 of the company’s more than 7,600 hotels over the next 18 months.
TX-based Pivotal Payments has completed certification for point-to-point encryption (P2PE) for its FlexPoint integration platform, further bolstering security at the point of sale by adding the highest level of cardholder data protection available.
Bank of America Merchant Services launched Clover Mini, the EMV-ready payment system developed by First Data. Clover Mini is an extension of the successful Clover Station, which launched in 2013 and has since received positive feedback from business owners.
As the United States transitions to EMV, POS fraud will grow less lucrative. Higher-security cards will make counterfeiting substantially more difficult, if not impossible. Additionally, any encrypted or tokenized payment information will make data gained from compromised terminals useless for future POS transactions.
Entrust Datacard released the latest release of the Datacard CardWizard software version 6.3. This release is the newest and most robust release of the company’s proven software that features new functionality and enhanced capabilities for financial institutions instantly issuing payment cards in-branch.
TX-based Sigma Payment Solutions announced an alliance with KISS Concepts Group to market their solutions to auto dealers in the buy-here-pay-here industry, as well as finance companies, credit unions and banks throughout the USA.
At the Federal Trade Commission’s request, federal courts in New York and Georgia have temporarily halted three debt collection operations that allegedly violated federal law by threatening and deceiving consumers via text messages, emails, and phone calls. The FTC seeks to permanently end the unlawful practices.
Rêv Worldwide, a payments processing and product innovations company announced that Yobie Benjamin has been appointed and elected Chairman of the Company’s Board of Directors.
CA-based Blackhawk Network inked a definitive agreement to acquire Achievers Corp. Achievers is a leading provider of employee recognition and rewards solutions designed to help companies increase employee engagement. The acquisition will broaden the reach of Blackhawk’s already extensive incentive and engagement business.
U.S. Bank and Fiserv have expanded their relationship of 15 years. U.S. Bank, the fifth largest bank in the United States, inked a five-year renewal for the CheckFree RXP electronic billing and payment, Popmoney personal payment and TransferNow account-to-account transfer solutions.
AiryHair, one of the largest online suppliers of human hair extensions and accessories has replaced wire transfer payments with Bitcoin, Litecoin, and Dogecoin cryptocurrencies. By accepting these three new forms of digital currency, AiryHair is the first hair extension wholesaler to do so.