One week after announcing it will become a separate company and hiring a big gun from American Express to be CEO, PayPal is feeling the heat from the emergence of Apple Pay. This morning PayPal is encouraging its 152 million active registered accounts to download a NFC App to turn their mobile phone into a payment device.
CardWeb.com’s CardData financial database projects Visa will report $1205 million in profits for the third quarter. Visa announced today it will release its latest quarterly results on October 29th after the market close. MasterCard will report on October 30th before the market opening.
CardWeb.com’s CardData financial database projects the four major networks will report $1948 million in international Purchase Dollar Volume (PDV) for the third quarter, a 6.9% year-on-year gain. American Express will report Q3 on Oct 15 and MasterCard will report on Oct 30. It is expected Discover will report Q3 on Oct 22 and Visa on Oct 24.
About 76 million households and 7 million small businesses of JPMorgan Chase (JPM) were recently hacked. However, as of yesterday, JPM says in an SEC filing: there is no evidence that account information for such affected customers (account numbers, passwords, user IDs, dates of birth or Social Security numbers) was compromised during this attack.
MA-based Primax has beefed-up its ConnectUP Rewards program for card issuers. Primax offers debit and credit card issuing and merchant acquiring programs, products and services.
MasterCard has unveiled a global tool designed to reduce the risk of cyber hacking of banks and processors. SafetyNet identifies potential attacks before they start and in some cases before the bank or processor is even aware.
GoDaddy has teamed up with Stripe to offer small, medium-sized businesses (SMBs) online payments. The GoDaddy Online Store with Stripe will be launched this quarter and be available to customers in the UK, Ireland, Australia, Canada and the US.
Chase Merchant Services has named a new U.S. Market President. Kim Fitzsimmons will oversee all marketing, relationship management and sales activities in the U.S. for Chase Merchant Services.
Costco Canadian members can now apply for the new Capital One Platinum MasterCard which doubles as a membership card. The card is being issued under an exclusive contract between Costco Wholesale Canada and Capital One’s Canadian bank branch.
FIS has completed its acquisition of Clear2Pay for $470 million. Brussels-based Clear2Pay counts 40 of the 50 largest global financial institutions among its clients.
CardWeb.com’s CardExecs database of card industy movers and shakers today features Souheil Badran, senior vice president and general manager of Digital River World Payments. Digital River is a global provider of Commerce-as-a-Service solutions.
Paris-based Ingenico Group has closed on the acquisition of Amsterdam-based GlobalCollect. The deal announced in July was for US$1.1 billion.