Cynovo’s Kivvi series products have been certified by China UnionPay and EMVCo. for MSR, EMV, and NFC functions. The Company provides Android-based mobile payment and POS hardware systems, along with the online payment gateway platform that connects to backend secure clouds.
MN-based Entrust Datacard announced the availability of the Datacard EMV Personalization Validation software that is designed to validate the chip of every EMV card issued on a Datacard MX Series card issuance system.
Security Validation has joined the PCI Security Standards Council as a new Participating Organization. Security Validation is a data security and data privacy advisory firm focused on improving the security posture of hotels across North America.
Wincor Nixdorf is offering updates to its TP.net 5.5 retail application software suite. The TP.net retail application software suite is currently used by retailers in more than 70 countries.
One week from today, the fourth quarter earnings reports season opens with Chase the first out of the shoot. Chase will release Jan 14, before the market open.
CardWeb.com’s CardWatch database of more than 57,000 marketing items today features the American Express “Fuel Your Business” email.
CenPOS has successfully completed its EMV (Europay, MasterCard & Visa) certification with Visa, American Express, Discover and MasterCard.
The decline in the U.S. bank credit card delinquency ratio will likely remain flat in the fourth quarter and then reverse course for all of 2015. On a weighted basis 30+ day delinquency will should come in around 2.29%, while the unweighted ratio should edge up slightly to 2.17% for the fourth quarter.
Bank credit card charge-offs, among the Top 100 U.S. banks, continue to decline in the third quarter to 3.01%. The ratio is the lowest since the third quarter of 1985. The ratio is down 31 basis points (bps) from one year ago, down 87 bps from two years ago and down a stunning 736 bps from five years ago.
LoopPay has ankled two new OEM partners that will embed its technology into their products to let consumers turn their smartphones into mobile wallets. LoopPay is also working with chipmakers to embed LoopPay’s technology and security into silicon, making it easier for future OEM partners to incorporate LoopPay into their devices.
Visa and MasterCard International Payment Dollar Volume (PDV) passed the $1 trillion milestone in the third quarter and will likely top $1.3 trillion by the end of 2015. Currently, International credit card PDV is growing 9.5% annually and International debit card PDV is expanding 16.5% annually.
Bank credit card delinquency among the Top 100 U.S. banks continue to decline in the third quarter to 2.16%. The ratio is the lowest in more than 25 years, down 26 basis points (bps) from one year ago, down 65 bps from two years ago and down a stunning 447 bps from five years ago.