Chase Paymentech, the pioneer of the acceptance of new payment methods, including PayPal, Bill Me Later, Green Dot and Apple Pay, reported $213.9 billion in Q3/14 dollar volume. Chase Paymentech’s customer base includes 280,277 merchants with 552,191 locations.
Visa’s CyberSource unit racked up more than 1.9 billion transactions in the third quarter but continues to slow year-on-year. The decelerating CyberSource transaction growth is among the factors in a drag on Visa’s stock.
The NCR Silver cloud-based point-of-sale (POS) system for small businesses such as retail shops, cafes and food trucks will now offer merchants the ability to accept bitcoins as payment.
JetPay has closed on the acquisition of ACI Merchant Systems, a Langhorne, PA- based debit and credit card processing company. The combined company will process approximately $20 billion in payments for approximately 14,000 businesses throughout the USA.
American Savings Bankand First Bankcard have launched the new American Savings Bank Maximum Rewards Visa Card designed with home improvement benefits in mind.
Reval scalable and integrated Treasury and Risk Management (TRM) solution partnered Fiserv financial services technology solutions. Reval clients can now leverage Weiland BRMedge from Fiserv for automated world-class bank fee analysis. BRMedge scans every line of every statement looking for more than 30 categories of potential errors. The system automatically notifies banks regarding billing errors, allocates charges to business units and posts fees to the corporate’s general ledger. It also enables treasuries to analyze the entire cash flow cycle, budget for future bank fees, and model different balance, service and calculation scenarios.
Over the past year bank-issued credit card limits have soared by 43.5% to $12.68 billion. Retail-issued credit card limits also rose by16.2% to $6.87 billion.
NJ-based Heartland Payment Systems has acquired foodservice industry enterprise-level POS (point of sale) software provider, XPIENT Solutions. XPIENT provides advanced technology to 11 of the top 25 quick service and fast casual restaurant brands, including Taco Bell, Jack in the Box, Panera Bread, and Panda Express.
Watchdata Technologies launched its first smart wearable device Sharkey. Sharkey is a smart wearable device supporting NFC payment which, after being connected with android or iOS phone’s mobile terminal via Bluetooth, can be used for contactless payment.
A new survey finds the average penalty rate has declined to 28.45 % from a 28.60% average APR in 2012. Among card issuers charging a penalty rate, the lowest, 17.99%, is assessed by Pentagon Federal Credit Union’s Cash Rewards Visa Standard card. The highest penalty rate, 30.24%, is imposed by the NFL Extra Points card from Barclays.
Ingenico Group unveiled its new comprehensive global offer,Telium Tetra, creating a fully integrated commerce ecosystem around the Point of Sale.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] CardWeb.com’s CardWatch database of more than 57,000 marketing items today features the Visa – “Dan Jansen Olympics” TV ad . “To view to ad click here”:http://cardflash.com/images/customers/cardwatch/ [/ihc-hide-content]