Big data is full of hype and it’s hard for IT leaders, especially payments companies, to know how to exploit its potential. A new report dispels five myths and concludes IT leaders need to cut through the hype and confusion, and base their actions on known facts and business-driven outcomes.
San Francisco-based Affirm says its installment financing service for online shoppers and merchants is going gangbusters. Affirm lets shoppers pay for purchases across multiple months with transparent, fairly-priced fees built into every payment, and boosts conversion and basket size for eTailers at less than the cost of credit cards.
Wallaby Financial and CreditCards.com announced the launch of the WalletUp Mobile App. The new App will enable consumers access a comprehensive set of financial resources including a personalized recommendation on which credit card to use at the point of purchase to maximize their rewards.
CardWeb.com’s CardPixes database of more than 7,000 card images today features the BECU Visa card. The BECU Visa card is issued by the Boeing Employees’ Credit Union.
CA-based Kofax says a mobile money management and remote deposit capture (RDC) solutions provider recently switched to Kofax Mobile Capture Platform. The undisclosed, but rapidly growing customer, serves medium sized banks with under $20 billion in assets.
Capital One (COF) has nailed the title sponsorship of the Orange Bowl for this year. The multi-year ESPN deal builds on Capital One’s substantial support of college athletics by becoming the official credit card and bank of the new College Football Playoff.
Pinnacle Payment Services, operating out of Atlanta and Cleveland, has been halted for abusive debt collection practices of an operation that used fictitious names and threatened consumers into paying debts they may not have owed. The Federal Trade Commission (FTC) says the Company is subject to a Nearly $10 million judgement.
Paris-based Atos and US-based NGDATA have introduced a Big Data omni channel solution for banks worldwide. The solution is built on Canopy’s Data Platform and underpinned by big data machine learning capacities, banks can target their customers more effectively, enhance customer loyalty and strengthen their output.
San Francisco-based NerdWallet, a bootstrapped company with more than 100 employees, has ankled a former LinkedIn senior executive to serve as Vice President of Engineering and Operations.
CardWeb.com’s CardPixes database of more than 7,000 card images today features Suncorp Clear Options Visa issued Citigroup Australia. The card is both Chip & PIN as well as offering the Visa payWave feature.
Miami-based CenPOS has certified its payment-processing platform to First Data’s Global Merchant Acquiring solution. This new payment offering enables merchants around the globe to sell in different markets and collect monies in multiple currencies.
CardWeb.com’s CardData financial database projects that among the four top U.S. payment networks Gross Dollar Volume (GDV) for the third quarter will rise 2.9% to $1195 billion; Purchase Dollar Volume (PDV) will rise 8.27% to $1077 billion, and Cards-in-Force (CIF) 2014 will rise slightly to 1200 million at the end of the third quarter.