YapStone Ankles a Former BAMS & Merchant eSolutions Exec as CRO

San Francisco-based YapStone has ankled Michael Gramz for its management team, as Chief Risk Officer. In his role, Gramz will focus on delivering innovative risk management products and services to support YapStone’s partners and customers. Prior to YapStone, Gramz was the Chief Risk Officer and Board Director at Merchant eSolutions, the U.S. processing division of…

FIS and VC FinTech on the Prowl for More Financial Services Disruption

The Venture Center and FIS have teamed for the Global VC FinTech Accelerator Program. Applications are now being accepted through February 5, 2017, at 11:59 p.m. CST. Entrepreneurs who are poised to disrupt financial services should apply. In addition to working with early stage companies in core banking, payments, mobile, and fraud & security, VC…

Member-Get-Member Referral Programs Gain Traction w/Financial Services

A new solution has emerged specifically designed for consumer financial services companies looking to quickly build an effective advocate marketing program to drive the opening of new accounts through existing customers. Extole has released its Financial Services Solution. Extole’s Financial Services Solution ensures these organizations’ member-get-member referral programs are designed for and address the unique…

Automatically Correlating POS Data for Variances and Discrepancies

NY-based B2B Soft, a specialist in wireless point-of-sale (POS), retail management systems (RMS), has inked a deal with Arzosoft, a Canadian-based maker of custom software solutions. This new relationship extends B2B Soft’s ability to offer wireless retailers fully integrated POS solutions and, ultimately, help retailers not only save money, but also recover it. Arzosoft’s innovative…

Real Consumer Transaction Analysis Confirms Holiday Spending Up 9% YOY

The best consumer spending analysis, based on actual consumer transactions rather than surveys or speculation, for Thanksgiving, Black Friday and Cyber Monday shows overall spending growth was up 9.0% year-over-year (YOY), compared to 9.4% in 2015 and 3.5% in 2014. The First Data SpendTrend also showed the total share of eCommerce spending has gone up…

Popular iXpenselt App Beefed-Up for New Breed of iPhones and iPads

The popular iXpenselt personal finance app has been optimized for the current-generation iPhone/iPad. iXpenseIt was one of the first 500 apps to be approved for the App Store back in 2008. The iXpenselt app puts financial information and, most importantly, financial control, right at users’ fingertips. At its core is a comprehensive dashboard that provides…

AmEx Aims to Reduce Fraud in its Digital Channels Bigly w/Acquisition

American Express has acquired InAuth to help merchants and partners to identify potential fraud utilizing its mobile-first device authentication capabilities. The acquisition also positions the company to capture new opportunities as more consumer activity – from payments to account origination and servicing – moves to digital channels. The acquisition complements and enhances American Express’ comprehensive…

Biggest U.S. Retailers Have Unpatched Cybersecurity Vulnerabilities

New cybersecurity research reveals nearly 80% of the largest holiday retailers may not be using intrusion detection or prevention systems to monitor all traffic within the cardholder data environment. Additionally, over 90% of major holiday retailers have a SPF Record missing, which increases the risk of an email spoofing attack reaching consumers. SecurityScorecard’s 2016 Biggest…

Western Union Invests in Walletron to Advance its M-Tech Capabilities

The Western Union has taken a stake in Walletron, a pioneer in mobile wallet bill presentment and payment capabilities. The investment supports Western Union’s strategic direction to bring smart and convenient payment experiences to its customers via smartphones. Walletron automates brands’ presence in mobile wallets like Apple Wallet and Android Pay, powering digital engagement and…