PSCU credit unions have saved more than $100 million in declined fraud transactions over the past 12 months. Industry-wide, credit unions have incurred expenses from card reissuance and fraud totaling $87.4 million between the Target and Home Depot breaches.
The non-profit trade association dedicated to the advancement of electronic payments and electronic commerce has added EyeLock, a marketer of iris-based identity authentication solutions, to the Board of EFTA members.
Total nonfarm payroll employment increased by 321,000 in November, and the unemployment rate was unchanged at 5.8%, will undoubtedly send the stock market to record highs today. The news from the BLS dovetails with the marked increase in payment card spending showing up on the nation’s top four networks in 2014.
Seal Beach, CA-based MagTek has unveiled the QwickPAY Pro payment solution for retail and restaurant owners’ iPads. It is available for free in the App Store, and it works with MagTek’s Made-for-Apple certified mobile card readers, secured by MagneSafe.
The world’s largest bitcoin payment processor has integrated with a mobile investment platform available worldwide. The deal between BitPay and DriveWealth will become the first financial services company to allow users to fund their account with bitcoin.
CardWeb.com’s CardData financial database projects among the four top U.S. payment networks Purchase Dollar Volume (PDV) will rise 9% to $1123 billion in the fourth quarter. So far this year all the payment networks are rising in PDV at a rate not seen since 2009.
Catching payment card data breaches in advance is a daunting task. However, TX-based iScan Online unveiled the worldwide availability of Data Breach Analytics.
VA-based Bella FSM, a Software-as-a-Service (SaaS) provider has added electronic signature capture. This software enhancement further streamlines business operations allowing for a true paperless process.
Broadcom has integrated NFC into its Wireless Internet Connectivity for Embedded Devices (WICED) software development kit (SDK). This new offering enables Broadcom to support the need for NFC in a wider array of products and expands its range for Internet of Things (IoT) devices.
CardWeb.com’s CardExecs database of payment industry movers and shakers today features Bharat Masrani, President and Chief Executive Officer of TD Bank Group.
CA-based MyECheck has named Jim Fancher as executive vice president to oversee the company’s growth plan, including the expansion of top and bottom line revenues.
The Citi Mobile Challenge U.S. has landed a boat load of payment innovations for 2014. Citi is now partnering to produce more solutions from the EMEA in 2015.