NAFCU Services Corporation announced MasterCard has become the newest Preferred Partner to join the program. The partnership was approved following a rigorous RFP process and voting by NAFCU’s three panels of credit union CEOs. Through this partnership, credit unions will have access to innovative credit, debit and prepaid solutions from MasterCard, as well as pertinent information on emerging payment technologies and advancements.
TSYS signed a new licensing agreement with FICO. The agreement will deliver a revolutionary, analytics-powered marketing product for card issuers called TSYS Targeted Messaging powered by FICO.
InComm integrated POS technology announced PayPal will utilize the InComm Digital Solutions (IDS) platform to support PayPal’s digital gifts services. IDS will enable PayPal to expand the number of leading retailers’ gift cards that it sells real-time on the PayPalDigital Gifts store and on the eBay marketplace. With this PayPal customers can now purchase digital gift cards from more of the leading brands, can quickly purchase and send digital gift cards either for gifting or self-use and can benefit from future mobile payment capabilities, driven by PayPal’s innovation and integration to the IDS platform.
Green Dot Corporation (GDOT) supports the CFPB’s newly released prepaid debit card Notice of Proposed Rulemaking (NPRM). Green Dot’s Founder testified yesterday at the CFPB field hearing on the topic and believes that its business will not be materially impacted by the CFPB’s newly proposed rules. Furthermore, Green Dot fully supports the proposed rules that mandate “Regulation E” consumer protections for lost or stolen funds and disputed transactions, including the providing of provisional credits to consumers, and the CFPB’s proposed rulemaking dealing with the new framework for overdraft programs attached to prepaid cards.
The mobile device and network security investments will account for nearly $11 Billion in 2014. The market is further expected to grow at a CAGR of nearly 20% over the next 6 years.
Square, Latino Startup Alliance and Xoom have launched Soy Empresaria, a program to give Latina entrepreneurs in California the opportunity to win $10,000 in financial support and mentorship.
IN-based Allied Payment Network, a provider of online and mobile bill payment services to the financial industry, announced the availability of BizPay, a small business payments solution that enables organizations to make bill payments, send payroll funds electronically, transfer funds to an external account, and email electronic invoices to their clients from within a single platform.
With the October 2015 deadline for conversion to the EMV chip technology system less than a year away, banks and issuers are ratcheting up promotion of EMV enabled cards through enhanced customer communication and a shift in messaging within their credit card acquisition efforts.
CardWeb.com’s CardPixes database of more than 7,000 card images today features the AeroMexico Visa Secured Card. The card is issued by U.S. Bank.
Visa’s (VS) Central Europe – Middle East – Africa (CEMEA) region Purchase Dollar Volume (PDV) rose year-on-year (Y/Y) 26.4% on a local currency basis in the third quarter (Q3/2014) to US$67 billion. Based on PDV, the VS CEMEA region is growing nearly twice as fast as the runner-up Latin American Caribbean region.
MasterCard’s APMEA Gross Dollar Volume (GDV) rose 16.4% on a local currency basis to US$340 billion in Q3/14, compared to US$321 billion in Q2/14 and US$292 billion in Q3/13. Purchase Dollar Volume (PDV) rose year-on-year (Y/Y) 19.8% on a local currency basis in the third quarter (Q1/14) to US$211 billion.
Diamond Resorts International has teamed with Barclaycard US, announced to launch the new Diamond Resorts MasterCard. The new card will be offered to customers at the point of sale at all vacation ownership sales centers throughout the United States.