Digital River’s beanstream and sproutPOS mobile point-of-sale (mPOS) solution will include support for Apple Pay. The mPOS solution will also support magnetic stripe, EMV (chip and PIN) transactions, and contactless credit and debit card payments.
NY-based EVO Payments’ integrated payments division, EVO Snap, has a new marketing services platform that helps omni-channel retailers attract new customers, as well as increase shopping frequency and spend of existing consumers.
CardWeb.com’s CardData financial database projects Citibank’s U.S. bank credit card profits will decline slightly in the third quarter to $549 million. Citibank’s U.S. bank credit card profits rose 27% year-on-year (Y/Y) and retail credit card profits rose 11% Y/Y in the second quarter of 2014 (Q2/14).
After declining over the past five years, Irish payment card Gross Dollar Volume (GDV) is expected to grow at a compound annual growth rate (CAGR) of 3.23% through 2018.
Bank of America (BofA) is starting today to add chip technology on all new and reissued consumer and small business debit cards. BofA has been issuing chip consumer, commercial and corporate credit cards in the U.S. since 2012.
Financial institutions (FIs) will now be able to able to instantly issue a fully personalized, activated physical magstripe or EMV debit or credit card and have the option to also issue a companion virtual payment credential.
American Express Serve and Intuit have teamed to offer consumers a new paperless option for IRS tax refunds. Tax preparers will now be able to issue a new American Express Serve Card as soon as the funds are transferred from the IRS.
The Merchants Payments Coalition (MPC) a/k/a UnfairCreditCardFees.com, says debit-card swipe fee reforms have saved consumers nearly $18 billion over the past three years and merchants have created more than 100,000 new jobs.
A new study has determined the security of credit and debit card information is a bigger concern for consumers than their health, retirement savings or losing their cell phone. Interestingly the survey found more than one-fifth of respondents stated they do not feel secure when paying with debit cards at retail establishments.
A benchmarking study on the retail gift card industry finds Sephora as ranking at the top. Starbucks ranked as number two and The Home Depot as number three.
Bank of America has introduced a new payment solution that enables companies to make payments to their customers digitally, eliminating the need to issue a check. With the new Digital Disbursements payments are directly routed to the bank account of the individual payee’s choosing using either a mobile phone number or email address as the identifier.
CardWeb.com’s CardExecs database of card industy movers and shakers today features Ray Costner, Chief Technology Officer of Corserv. Atlanta-based Corserv Solutions provides credit card servicing and consulting to the financial services community.