Calpian has selected Conformance Technologies has selected its PCI ToolKit and TINMatch ToolKit offerings. Calpian will use PCI ToolKit solution for PCI DSS merchant portfolio compliance validation, and the TINMatch ToolKit for merchant business entity name and federal TIN matching.
In today’s CardFlash News Que: TapTrack (NFC); Connect First (PCI); ParTech (m-POS); and Cubic (TfL).
Digital River is processing online payments for peerTransfer, a provider of global payment solutions for foreign students and educational institutions. peerTransfer is using the Digital River World Payments solution to facilitate student tuition payments made via credit card in 59 currencies across North America, Asia Pacific, Europe and parts of Africa.
The nation’s second largest issuer, Bank of America (BofA), has slowly recovered from the “Great Credit Meltdown” of 2008-2009. BofA’s End-of-Year (EOY) U.S. credit card outstandings have produced a compound annual growth rate (CAGR) of -8.25% between 2009 and 2013, according to CardData.
Discover’s U.S. Purchase Dollar Volume (PDV) is growing 4.7% annually. slower than its peer group, however Discover is outpacing the top Visa and MasterCard in outstandings growth. RAM Research forecasts Q1/15 U.S. PDV will slightly exceed $27 billion.
Most bank fraud involves the use of false or anonymous identities. The growing concern however, lies with cybersecurity, as respondents named virus/malware installation and Distributed Denial of Service (DDoS) attacks as two of the top three fraud-related threat
Bankrate reported commissions for signing up new credit cardholders for issuers of $60.1 million for the fourth quarter, compared to $62.8 million in the prior quarter. Total revenue for Q4/14 is approximately $136.5 million.
Through TouchSuite’s Gift Card Exchange (GCE) merchants of TouchSuite’s Lightning Payment solution may now accept the gift cards of more than 100 top brands as a form of payment from their customers.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Talbott Roche, President of Blackhawk Network.
U.S. Bank has invested and joined clearXchange, the largest bank-focused digital payments network in the U.S. The investment will also afford the opportunity to explore other ways the payment exchange network could develop from its unified, omnichannel approach to customer service.
IL-based Infinite Peripherals has ankled payment industry veteran Tom McCole to the newly created position of mobile commerce strategy director.
In today’s CardFlash News Que: Westlake Financial (ACI); NCR (Waffle House); PaySimple (RainMaker); and Smart Aisle (Foodies).