The four major U.S. payment card networks produced an 8.2% year-on-year (Y/Y) gain in Purchase Dollar Volume (PDV) during the first quarter of 2014 (Q1/14). Visa (VS), MasterCard (MC), American Express (AX) and Discover (DS) produced $993 billion in U.S. PDV, compared to $918 billion in the year ago quarter.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Capitol Visa Infinite Card combines a private banking service with access to exclusive lifestyle benefits, privileges and experiences. Capitol Visa Infinite provides the cardholder with instant access to comprehensive insurance; airport lounges worldwide; exclusive cultural, sporting and fashion events; and the Visa events and experiences programme and Visa Luxury Hotel…
INSIDE Secure embedded security solutions for mobile and connected devices, and Selinko, the object identification company, announced the availability of CapSeal, a smart, patent-pending and secure system to fight counterfeiting in the wine and spirits market. By using an NFC smartphone or device to scan the chip embedded in the tag and the Selinko mobile application platform, any industry player or consumer can easily verify the authenticity of the bottle, confirming that it has not been previously opened. The chip confirms that the capsule on the bottle has not been tampered with and the cork has not been removed.INSIDE Secure’s highly secured CapSeal solution is certified against the highest worldwide certification standard (Common Criteria certification, EAL5+ level used for Electronic Passport-certification) and smart packaging solution. Combined with Selinko’s innovative application platform, CapSeal is providing the wine and spirits industry a unique and most secure solution to solve counterfeiting and refilling problems.
Intellicheck Mobilisa identity solutions and wireless security systems obtained a U.S. patent for a system that allows users to compare information contained on two or more forms of ID cards. As Intellicheck Mobilisa’s 19th U.S. or foreign patent issued, it further strengthens the Company’s intellectual property. The system’s components include a document reader that can identify various data fields from a driver’s license, passport, credit card, benefit card, military ID card, government-issued ID card or bank card. Specifically, the reader can identify the bearer’s first name, last name, middle initial or name, date of birth, social security number, driver’s license number, address, state of issuance of document, and date of issuance of the document. The two ID cards are intelligently compared field by field and the system provides a match/no match result or can provide an overall score using intelligent matching algorithms, that compare closeness to match and importance of field.
BitPay business solutions for Bitcoin digital currency partnered to integrate bitcoin acceptance into VisualTouch. VisualTouch is a complete point of sale system that provides the advanced POS functionality needed for business management. VisualTouch POS is used in the Hospitality, Food Service, Grocery, Retail and Concession industries with a combined install base of more than 6,000 unique customers and some customers having up to 1,600 locations each. VisualTouch will use BitPay’s POS-integration solutions to grow bitcoin acceptance through brick-and-mortar retail locations that may have not considered bitcoin acceptance in the past.
The Dime Savings Bank of Williamsburgh announced the launch of its new mobile banking product, Dime Mobile Banking, which allows users to pay bills, transfer funds, and check on account status from the convenience of their smartphone.
In addition, the mobile deposit capability allows users to photograph their checks and then transmit the deposit to the bank through their mobile device. The free Dime Mobile Banking apps are now available at the Apple App Store and Google Play Store. For more details, please visit our website, dime.com. Dime will move into a full-scale branch rollout and market promotion. Featuring the headline “Say ‘Hello’ to your money,” branch promotional material and signage will make a colorful splash, announcing the arrival of Dime Mobile Banking. Dime Mobile Banking is a continuation of the Bank’s strategy to extend Dime’s eBanking platform to include online banking, mobile banking, bill pay and remote deposit, and to increase remote access usage with existing customers.
Malauzai Software mobile banking SmartApps received a $6.48 million Round C investment led by Wellington Management Company. Malauzai currently supports more than 260 banks and credit unions, making advanced mobile functionality accessible to small and mid-sized community institutions. Through these institutions, SmartApps are leveraged by more than 300,000 consumers and businesses. The company has pioneered mobile features such as Picture Pay, Debit Card Management, 4-digit pin log-in and quick view of balance and transactions without the need to sign-in.Malauzai will use the investment to continue to grow the organization and expand the functionality of its SmartApps. The company also plans to deploy more resources around marketing and sales efforts to improve market presence.
The four major U.S. payment card networks produced a 7.7% year-on-year (Y/Y) gain in Gross Dollar Volume (GDV) during the first quarter of 2014 (Q1/14). Visa (VS), MasterCard (MC), American Express (AX) and Discover (DS) produced $1.196 trillion in U.S. GDV, compared to $1.110 trillion in the year ago quarter.
The Conference Board Leading Economic Index® (LEI) was up 0.4% in April to 101.4 after a 1.0% increase in March and 0.5% increase in February. The LEI was up for the third consecutive month thanks in great part to housing and the financial market. The overall trend in the leading economic index suggests consumers will continue to spend and the economy is projected to expand.
Capital One Bank announced the appointment of Jim Gifas as Senior Vice President and Head of Treasury Management’s Product Management & Innovation Group. Gifas will lead all aspects of product management and development functions, including industry and segment strategies. Prior to joining Capital One Bank, Gifas served as Head of Treasury Solutions for RBS Citizens Bank, where he drove value for corporate clients through cash management, credit card, trade finance, and foreign exchange payment solutions. Gifas is an active member of the Payco Board of Directors for The Clearing House and the Corporate Executive Board for the Treasury Management Executive Circle. He has recently spoken at the 2013 Mobey Forum and the 2012 McKinsey & Co. Cash Management Forum on the topics of corporate mobile banking and improving the customer experience, respectively. He holds a Bachelor of Business Administration from Iona College.
Cardlytics Card-Linked Marketing has been honored as one of the Georgia Fast 40. The Georgia Fast 40 was founded in 2008 to honor companies headquartered in the state of Georgia that are achieving sustained growth over a three-year period. This year saw the largest pool of applicants in the history of the event, with over 100 companies submitting applications, which makes this recognition even more rewarding for Cardlytics.The Georgia Fast 40 recognition event will be held on June 19, 2014 at the Intercontinental Hotel in Atlanta.
The four major U.S. payment card networks, Visa (VS), MasterCard (MC), American Express (AX) and Discover (DS), produced a 3.2% year-on-year (Y/Y) gain in Spending Per Card (SPC) during the first quarter of 2014 (Q1/14), according to CardData.