CPI Extends Market Life of Visa EMV Cards to 12 Yrs

CPI Extends Market Life of Visa EMV Cards to 12 Yrs

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Visa has certified CPI Card Group products to extend the maximum market life of Visa EMV cards to 12 years, in compliance with Visa’s recently announced EMV chip card approval policy. The comprehensive Visa product line includes cards meeting a variety of authentication needs, such as online only cards, dynamic data…

HYPERWALLET; AMEX; SAFEND; and MAGICPAY

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] In Other News: HYPERWALLET (API); AMEX (awards); SAFEND (Windows); and MAGICPAY (ranking). HYPERWALLET – Hyperwallet revealed its REST payout API would move into public beta following the company’s presentation at FinDEVr New York tomorrow. The API has been in private beta with select Hyperwallet clients since it was announced last October,…

Real Chargeback Costs are 3X the Actual POS TX

Real Chargeback Costs are 3X the Actual POS TX

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Chargebacks are a real pain. By the time returns, administrative costs, loss of future business with the customer, and other liabilities are accounted for, the estimated cost to merchants is nearly triple the amount of the sale—$270 for every hundred dollars in chargebacks. As many big retailers shutter storefronts and divert…

FEIG’s cVEND Contactless Payment Terminals Coming

FEIG’s cVEND Contactless Payment Terminals Coming

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] GA-based FEIG Electronics is unleashing its new cVEND secure payment solution next week. FEIG’s cVEND contactless payment terminals incorporate the Cardtek EMV Level 2 Kernel (L2K), providing certified EMV-related payment and security functionality on cVEND plug-in modules and standalone card readers. Together, cVEND payment devices and the Cardtek L2K are tightly…

V+M Intl Debit Card GDV Continues to Soften in 4Q/15

V+M Intl Debit Card GDV Continues to Soften in 4Q/15

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Visa and MasterCard international card gross dollar volume (GDV) for the fourth quarter (4Q/15) posted $1870 billion, compared to $1953 billion one-year ago. However, the nominal year-on-year (YOY) change is meaningless. 
On a currency adjusted (FX) basis, for 4Q/15, GDV for Visa international credit cards have been growing steadily, up 150…

Big 6 30+ Day Card Delinquency Edges Upward in 4Q/15

Big 6 30+ Day Card Delinquency Edges Upward in 4Q/15

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Early stage delinquency (30+ days) among the nation’s top 6 issuers climbed 5 basis points (bps) sequentially in the fourth quarter (4Q/15) to 1.81%, but remains below last year’s 1.84%. Five of the Big 6, including Chase, Bank of America, Capital One. Citibank, and Discover, posted higher delinquency in 4Q/15. However,…

Boku Brings Direct Carrier Billing to Central Europe

Boku Brings Direct Carrier Billing to Central Europe

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] San Francisco-based Boku, a specialist in direct carrier billing-based mobile payments, announced a series of new partnerships to bring direct carrier billing to Google Play for more than 75 million mobile subscribers across 3 major European markets. As a result of the new deals, subscribers can use one-tap mobile payments to…

MiCamp Solutions to Provide SBE with Complete P2PE

MiCamp Solutions to Provide SBE with Complete P2PE

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] MiCamp Solutions will integrate EMV compliancy into all SBE locations to allow for maximum payment processing security to protect customers from fraud when using their credit or debit cards. In addition, MiCamp Solutions will provide SBE with complete Point-to-Point Encryption (P2PE) while implementing tokenization for added payment processing solutions. Founded on…

Revel Opens Dallas Office for its iPad POS Solution

Revel Opens Dallas Office for its iPad POS Solution

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] San Francisco-based Revel Systems has opened a new office in Dallas to scale its domestic operations and meet existing demand for its iPad Point of Sale solution in Texas. With Dallas currently leading all major U.S. metropolitan areas for small business job growth (according to a March 2016 report from Paychex),…

Cheesecake Factory and MyCheck to Intro CakePay in April

Cheesecake Factory and MyCheck to Intro CakePay in April

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Cheesecake Factory has picked MyCheck as the mobile payment platform provider for its new mobile payment app called CakePay.  The app will begin rolling out nationwide next month. From the guest perspective, CakePay works as follows: The guest checks-in to a location. 2. A four digit code is generated and…

UATP and Air Canada Unveil the ACGlobe Program

UATP and Air Canada Unveil the ACGlobe Program

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] UATP and Air Canada introduced the ACGlobe program for corporate travelers. Multi Service will manage the corporate payment solution for the airline, which will issue a branded card for program users. Air Canada is the preferred airline of 86 per cent of Canadian business travelers. UATP is a global payment solution…

Visa Becomes Partner of the U.S.-China Tourism Year

Visa Becomes Partner of the U.S.-China Tourism Year

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Visa inked a Cooperation Plan with the China National Tourism Administration (CNTA), establishing Visa as a strategic partner of the U.S.-China Tourism Year. The landmark collaboration between the CNTA, the U.S. Department of Commerce and Visa will provide for a year-long series of events designed to enhance tourism, trade cooperation, and…