Card payments acquirer, Merchants’ Choice Payment Solutions’ (MCPS) has buddied up with Powa Technologies to integrate platforms, providing a robust, fully integrated and secure tablet-based POS solution for retail and restaurant industries.
Florida remains the top state for per-capita fraud and identity theft complaints. The Panhandle State also accounted for nine of the top 20 metropolitan areas in per capita identity theft complaints.
TouchSuite has teamed with Frederick, to offer the company’s automated marketing platform as an integrated solution within its Firefly Salon point of sale system.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Carolyn Homberger, Group President, Customer Management & Maintenance of ACI Worldwide.
Boston-based Abine is launching a new beta service designed to help Bitcoin users more fully participate in online commerce. The invite-only beta will enable Bitcoin to Abine Masked Card purchases at any merchant.
Online billing service Hiveage’s newest API allows users to connect online billing with Hiveage straight into their own applications, such as shopping carts and online order forms, and retrieve data to generate reports for accounting.
Profits (after tax) among the nation’s top four bank credit card issuers declined 9.0% in the fourth quarter (Q4/14), compared to one year ago (Y/Y) and down 4.3% sequentially (Q-Q). However, after adjusting for abnormal loan loss provisions in Q4/13, profits were up an estimated 8.4% Y/Y.
The jury is still out on the implications of the PayPal Paydiant acquisition and how it could affect its relationship with the Merchant Customer Exchange (MCX) and its CurrentC Network. However, a credit union service organization sees itself a clear winner from the deal.
The nation’s leading credit union service organization (CUSO), was honored as a finalist for the Stevie Award for Contact Center of the Year in the ninth annual Stevie Awards for Sales & Customer Service. PSCU claimed the bronze Stevie Award in the Financial Services Industries category for contact centers with over 100 seats.
Citibank inked a 10-year agreement to align its consumer proprietary credit and debit portfolios to the MasterCard network this year. However, Citi says it will continue to work with other networks, including on consumer co-brands and commercial cards.
With the exception of Chase, the average yield for U.S. credit cards issued by the top four issuers, remained flat throughout 2014. However, RAM Research predicts U.S. credit card yields will decline slightly in the first quarter, despite the historical seasonality of Q1.
U.S. Visa (VS) and MasterCard (MC) credit card U.S. Gross Dollar Volume (GDV) will likely come in at $470 billion in the first quarter. Visa has posted strong double-digit gains in U.S. GDV and about double the growth rate of MasterCard.