Over the past twenty years, many in the retail industry have predicted the demise of the physical store. But the reality is, the store is still the foundation of retailing. It is where the tactile and sensory experience comes together for the consumer. One year after The Future Store Manifesto was published, BRP issued a…
Shift4 and Resort Data Processing (RDP), provider of property management software, are now offering a joint EMV-certified solution for vacation rentals, timeshares, resorts, hotels, campgrounds and private residence clubs. The solution includes: Layered payment security: EMV helps prevent the fraudulent use of stolen card data in card-present environments. With Shift4’s DOLLARS ON THE NET and…
A new survey of web-based U.S. small businesses (between $500 thousand and $5 million annual sales) found a picture that is both reassuring and threatening to providers of payment services. The Mercator Advisory Group survey discovered small businesses deal primarily with one payments provider, on the other hand, ancillary payment service providers are joining the…
NC-based LendingTree has juggled two top executives. Neil Salvage, previously the company’s Chief Revenue Officer, has been promoted to the newly-created role of President, managing the day-to-day business operations. Nikul Patel, previously LendingTree’s Chief Operating Officer, will now be the company’s Chief Product and Strategy Officer, where he will lead product innovation, consumer experience and…
Dozens of credit unions, some with as few as 300 members, are now offering the FICO Score Open Access program to their customers as a way to empower them to take control of their financial health. To-date 180 million consumer accounts are now getting their FICO Scores for free. The FICO Score Open Access program…
ACI Worldwide says it expects a 12% growth in online fraudulent activity in the upcoming holiday season, compared with the same period last year—and lower ticket prices on fraudster-targeted gifts and products. ACI says following the U.S. adoption of EMV chip cards, which protects card data through encryption, fraud is shifting online as fraudsters are…
Mastercard unveiled Decision Intelligence solution utilizing artificial intelligence technology to help financial institutions increase the accuracy of real-time approvals of genuine transactions and reduce false declines. This is the first use of AI being implemented on a global scale directly on the Mastercard network. Current decision-scoring products are focused primarily on risk assessment, working within…
A new report found nearly half of small businesses use business debit, creating both a strong user base and an opportunity to grow for debit issuers. However, use of personal demand deposit accounts (DDAs) and debit products persists, even among larger small businesses. Converting additional businesses to debit may be harder than it should be.…
Ayşe Nil Sarıgöllü, CEO of Cardtek, was selected as the winner of a Silver Stevie Award in the Female Executive of the Year, Business Products, 11-2,500 Employees category in the 13th annual Stevie Awards for Women in Business. Ayşe Sarıgöllü was honored for her strategic leadership at Cardtek, the fastest growing technology company in EMEA,…
Credit One Bank, a sub-prime credit card issuer will break ground on its new headquarters in Las Vegas next month, which will create 500 new jobs in the near future. The 152,000-square-foot building will sit on 26 acres just south of I-215 between Durango Drive and Buffalo Drive, seven miles from Credit One Bank’s existing…
CanPay, the first debit payment solution for the cannabis industry, confirmed its availability to retailers and consumers in Washington, Oregon, and Colorado. On the heels of eight states legalizing recreational or medicinal cannabis last week, CanPay is the only legitimate and stable debit payment solution for merchants in newly legalized and established cannabis markets, operating…
Salt Lake City-based PayZang is taking-off big-time as it continues to demonstrate its ability to keep up with and even surpass the trends. A large part of the reason for PayZang’s continued excellence in providing merchant services is the staff’s awareness of the ever-changing needs of merchants and consumers of today. In response to these…
