Global Risk Technologies’ (GRT) Chargebacks911 business is waging an educational campaign to enlighten merchants in understanding and using reason codes in the light of newly released fraud statistics. The figures from Financial Fraud Action UK reveal that financial fraud losses grew by 26% in 2015. The research further highlights the growth in payment card fraud,…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] In Other News: FINPAY (conference); STARMOUNT (Aurus); PERFORMLINE (MMSP); and ULTRA (Bitcoin). FINPAY – FinPay has been selected to present at the 2016 Angel Venture Fair as one of America’s top startups. As the oldest angel venture conference in the Mid-Atlantic region, the Angel Venture Fair is the annual consortium of…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Heartland Payment Systems (HPY) stockholders overwhelmingly voted to approve the proposed merger with Global Payments (GPN). About 29.7 million shares were voted in favor of the merger proposal. The favorable vote represents approximately 99% of the total Heartland shares which voted on the merger proposal and 80% of the total outstanding…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Bonita Springs, FL-based CSI globalVCard has ankled Jia Liu to lead the company’s expansion into China. She will officially serve as Vice President of International Payments. Earlier this year, CSI announced its cross-border payments offering, which completed the award-winning ‘total AP’ platform, globalVCard paysystems. With one file upload, business payments can…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] A new market research study identifies the following three emerging trends expected to propel the growth of the EVM POS terminal market in the US: shift toward cloud-based solutions; big data management; and need for effective information management. The Technavio “EMV (Europay, MasterCard and Visa) POS terminal market in the US”…
WISEKEY – Swiss-based WISeKey announced its trusted technology for integrating wearable technology with secure authentication and identification, in both physical and virtual environments, by empowering IoT and wearable devices to become secure transactional devices. WISeKey has patented this process in the USA as it is currently used by many IoT providers. ACORNS – Investing app,…
IA-based Dynamic Scrip has unleashed mobile payment rewards program Dynamic Pay offering consumers up to 10% cash back. As one of the largest mobile payment retail networks in the country, Dynamic Pay offers up to 10% cash back to consumers for everyday purchases at over 200 national retailers spanning more than 300,000 locations around the…
New research shows small business owners are confident in their business, however they’re less certain about the national economy than they were last year. Revenues are good, and they want to hire and expand. According to the results of the 2016 U.S. Bank Small Business Annual Survey, business is shining bright, though the national economy…
New research reveals three in four households want real-time balances on all their accounts and 72% want instant posting of transactions. Fiserv Research find the majority of people are satisfied with their bank or credit union, with more than one-quarter rating their primary financial organization a perfect 10. U.S. adults give themselves a “B” for…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Botnet attacks on card issuers are becoming more complex and harder to predict than ever before. Alongside the loud and fast attacks, there are now low and slow attacks that are designed to evade rate controls and appear more like normal user traffic. In addition to 311 million bot attacks over…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Businesses are a bit blind to the tremendous potential mobile payments offers. Crafting powerful, customer-centric marketing messages is only one element. BluePay, a provider of technology-enabled payment processing for merchants and suppliers, notes now is the critical time to harness the power of m-payments given smartphone ownership has reached critical mass…
In Other News: VISA (Europe); FICO (milestone); PACKAGED (wallets); and DCS (Blackhawk). VISA – Visa says in response to feedback received from the European Commission, the Company and Visa Europe it has reached preliminary agreement to amend their Transaction Agreement to eliminate the earn-out portion of the transaction consideration. The terms of the transaction remain…
