U.K. Consumer Credit Remains Solidly Robust in April

U.K. Consumer Credit Remains Solidly Robust in April

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.K. consumer credit continues to expand at a brisk pace, hovering around 10% year-on-year YOY. In April total consumer credit grew to £183.2 billion. The three-month annualized and twelve-month growth rates, seasonally adjusted (SA), were 10.4% and 9.6% respectively. The Bank of England (BOE) reports consumer credit increased by £1.3 billion…

Wells Fargo to Lead the Charge in B2P Next Year

Wells Fargo to Lead the Charge in B2P Next Year

Wells Fargo is rolling-out Payment Manager B2P (business-to-person) in early 2017, enabling businesses to pay any consumer who has a U.S. bank account without collecting or storing sensitive bank account information. Wells Fargo & Company’s commercial, corporate, and institutional customers will soon be able to speed up B2P (business-to-person) electronic payments with its new payment…

Four Online Checkout Blind Spots Facing Larger Merchants

Four Online Checkout Blind Spots Facing Larger Merchants

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] A new study reveals several blind spots for larger merchants when it comes to converting online shoppers into buyers at checkout. The latest PYMNTS.com/BlueSnap Checkout Conversion Index shows an improvement of three points to 56.4 from Q1 2016 to Q2 this year. Only 10 websites scored an “A” (75-plus), 162 earned…

Other News: VISA; ACI; MASTERCARD; and CHASE (P2P)

In Other News: NXT-ID (DreamTrips); INTELLICHECK (funding); REVEL (Vantiv); and CAUSE (exec). VISA Visa is now a member of the Alliance for Safe Online Pharmacies (ASOP Global), says ASOP Global’s Executive Director, Libby Baney and Martin Elliott, global head of brand protection for Visa. ACI – ACI Worldwide and PT Indopay Merchant Services (Indopay), a…

FICO Acquires QuadMetrics and Launches Enterprise Security Score

FICO Acquires QuadMetrics and Launches Enterprise Security Score

FICO has acquired QuadMetrics to complement its FICO Falcon Cybersecurity Analytics threat detection solution. FICO also says it is developing a FICO Enterprise Security Score, which will rank an organization’s level of cybersecurity risk. QuadMetrics is a cyber risk security scoring company from Ann Arbor, Michigan. QuadMetrics leverages predictive analytics to monitor signals from open…

Visa Accelerates the U.S. EMV Migration

Visa Accelerates the U.S. EMV Migration

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Visa is adding more gas to the pipeline to accelerate EMV chip migration for U.S. merchants. Visa has streamlined its testing requirements, amended and simplified the terminal certification process, and committed to investing further resources and technical expertise in a manner that can reduce timeframes by as much as 50%. Visa…

OT Powers NFC Payments via the Swatch Bellamy Watch

OT Powers NFC Payments via the Swatch Bellamy Watch

Oberthur Technologies (OT) has buddied with Swatch to provide contactless payment to customers in Switzerland via the Swatch Bellamy watch. OT’s FlyBuySE (Secure Element) is fully integrated within Swatch Bellamy watches and provides a high level of security while enabling seamless payments and transactions. OT’s latest portfolio covers a broad range of payment networks and…

SLA Digital & Google Play Integrate for MNO Payments

SLA Digital & Google Play Integrate for MNO Payments

SLA Digital, an international digital services company offering direct operator billing to mobile network operators (MNO), says its first integration with Google Play is now live. Axiologix says its joint venture, SLA Digital, says an existing global mobile operator partner of SLA Digital is using SLA’s proprietary Digital Services Platform to launch its Carrier Billing…