Discover Financial Services has been ranked among the top 25 companies heralded by employees for their culture and values, according to Glassdoor.com, a popular careers website that gathers unsolicited comments and company reviews from workers across all industries.
Worldpay announced its relationship with OnDeck tp leverage OnDeck’s platform and proprietary technology to allow its small and mid-sized Worldpay customers rely on the company’s credit card processing services including face-to-face, virtual and mobile payment systems. The relationship will allow Worldpay’s small business customers to obtain working capital from OnDeck for business related growth needs, such as equipment or inventory purchases and hiring. OnDeck’s platform and proprietary credit score, the OnDeck Score, enables easy application with fast approval and funding.
Malauzai Software has seen significant growth in banking via the smartphone camera in the first half of 2014. Usage of mobile banking features such as mobile remote deposit capture and mobile photo bill pay has increased as smartphone cameras have advanced in functionality.
Paytoo Mobile Wallet enhances its bill payment functionality on a nationwide coverage to the under or unbanked customers. This new bill payment feature provides fast, secured and convenient online bill payment solutions, giving access to an easier way to pay their bills and will be able to manage their entire bill payment process online, from anywhere and at anytime.The bill payment function with over 10,000 local and national billers is now available with the PAYTOO Mobile Wallet™ and offers anyone the possibility to pay a bill from his or her cell phone. The PAYTOO system is now fully completed offering services from direct deposit to bill payment, and in between, a full range of services to include top ups, virtual cards, gift cards, prepaid cards and more.
At mid-year, Visa remains the U.S. giant with a 57.9% market share, compared to 26.2% for MasterCard, 13.4% for American Express and 2.5% for Discover, according to CardData.
American Express is harnessing the latest technology to get tennis fans on-site and around the world involved in the action on the courts at the USTA Billie Jean King National Tennis Center during the 2014 US Open Tennis Championships.
American Express is continuing to introduce more ways to enhance fans’ passion for the sport and their experience at the Championship throughout the two weeks of play. The US Open American Express Fan Experience features 20,000 square feet of interactive programming at the US Open with “MyOpen Pass” RFID-enabled wristband. This lets fans’ experience and send a personalized email that recaps the activities in which they participated within the Fan Experience and can be easily shared across their social media channels. These include a Professional Swing Analysis, a Rally Cam capturing tennis shots and candid poses, and the Pro Cam at American Express® Card Member Club.
Chemical Bank® announced the launch of the Dream® MasterCard®. The Dream® MasterCard® is exclusive to Chemical Bank customers in Michigan and offers generous rewards with no overlimit fees, penalty rates or late fees.
Visa outpaces MasterCard in Gross Dollar Volume in the second quarter. Overall, Gross Dollar Volume growth was up significantly for both networks.
GECU is bringing convenient, intuitive, and easy-to-use services across both its digital and physical channels through the innovative technology of NCR. GECU credit union provides its members with online and mobile digital banking services from Digital Insight, an NCR company, while also installing NCR Interactive Teller in new neighborhood branches. GECU has agreed to renew Digital Insight’s suite of SaaS solutions including Online Banking, iOS and Android mobile and tablet banking, Remote Deposit Capture, FinanceWorks and Purchase Rewards.Financial institutions are continuing to adopt mobile services as mobile banking becomes more popular. According to a Digital Insight study1, mobile consumers access their financial information 66 percent more frequently than online, non-mobile consumers. Additionally, consumers using online, mobile and tablet log in approximately 30 times a month compared to consumers who only use online banking and log in less than 10 times a month.2
Payza payment platform and services for ecommerce has taken the lead in the international Bitcoin market. The company is offering members the opportunity to withdraw funds from their Payza eWallets directly into their Bitcoin wallet. The Bitcoin payments are based on the exchange rate of both U.S. currency and Bitcoin value at the time of transfer. Payza consumer exchange rates will be locked in at the moment of the transaction. All transactions, no matter which of the 21 currencies Payza currently handles, will be completed using the U.S. dollar currency rate at the time of the transaction.
Issuers of all sizes are experiencing downward pressure on debit profitability. This is a direct result of changes in the regulatory environment, changes in the competitive market, and changes in consumer preferences, a new Mercator report finds.
Global household payments via devices will soar significantly is being driven by a growing consumer acceptance of transactional digital banking, and the sharp rise in mobile banking adoption overall.