Sionic Mobile Beefs-UP its ION Loyalty app

Sionic Mobile Beefs-UP its ION Loyalty app

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Sionic Mobile has released its new ION Loyalty app for small business merchants and ION Rewards app for consumers; both available for free download in the App Store and Play. These latest releases further enhance the social experience, by cloaking the physical payment (plastic cards stay tucked safely away), while adding…

PayCertify.cash Coming this Month

PayCertify.cash Coming this Month

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] PayCertify will launch on March 15th PayCertify.cash, the company’s new private processing network and online application that gives vendors new ways to accept secure payments. PayCertify already gives more than 4,000 high risk merchants a variety of fraud protection tools, helping them eliminate the cost burdens of fraudulent transactions. With the…

EPX a Finalist for an Innovator Award

EPX a Finalist for an Innovator Award

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Electronic Payment Exchange (EPX), a full-service credit card, debit card and electronic check (ACH) payment processor, is a finalist for the 2016 PYMNTS Innovator Award for Best Comeback Story. The awards are one of the highlights of the PYMNTS 2016 Innovation Project, scheduled for March 16-17, 2016, on the campus of…

Planet Payment & Moneris Ink Currency Conversion Deal

Planet Payment & Moneris Ink Currency Conversion Deal

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Planet Payment and Moneris Solutions have inked an agreement to deliver currency conversion functionality at the checkout to Moneris’ portfolio of merchants in Canada.   With this agreement, Moneris plans to integrate Planet Payment’s currency conversion technology into its suite of product offerings. This agreement will significantly expand Planet Payment’s solution…

SuperCom Acquires Data Security Firm Safend

SuperCom Acquires Data Security Firm Safend

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] SuperCom has acquired Safend, a global data security company with a broad range of competitive and well-known encryption and data protection solutions. The acquisition is in line with SuperCom’s stated strategy to offer complementary security products and solutions to its growing customer base. Safend is an international provider of cutting edge…

FTC Seal Logo

Debt Collection Tops the FTC Complaint Report

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Debt collection, identity theft and imposter scams were the most common categories of consumer complaints received by the Federal Trade Commission’s Consumer Sentinel Network in 2015, according to the agency’s new data book. While debt collection complaints rose to the top spot among complaint categories, the report notes that this was…

X-Border Survey Finds Merchants Not Up to Snuff

X-Border Survey Finds Merchants Not Up to Snuff

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] New research shows cross-border commerce is still in its nascent stages and merchants remain unprepared to welcome international shoppers. Cross-border sales are expected to account for about 15% of total global e-commerce sales by 2018. According to the latest PYMNTS.com X-Border Index powered by Digital River, the average merchant scored 57…

Higher Card Rates and Fees Drive US Bank in 4Q/15

Higher Card Rates and Fees Drive US Bank in 4Q/15

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. Bank (USB) reports net interest income for Payment Services rose 10.4% year-on-year (YOY) in the fourth quarter (4Q/15) driven by improved loan rates and higher average loan balances and fees. Net income for Payment Services rose 7.2% YOY to $326 million for 4Q/15, compared to $320 million in the prior…

CFPB Fines Dwolla for Deceiving Consumers

CFPB Fines Dwolla for Deceiving Consumers

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Consumer Financial Protection Bureau has taken on online payment platform Dwolla for deceiving consumers about its data security practices and the safety of its online payment system. The CFPB ordered Dwolla to pay a $100,000 penalty and fix its security practices.  Des Moines-based Dwolla operates an online payment system. Since…

Visa 4Q/15 Profits Soar 24%; Global PDV Up 9% YOY

Visa 4Q/15 Profits Soar 24%; Global PDV Up 9% YOY

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Visa’s fourth quarter net income jumped 24% year-on-year (YOY) to $1.9 billion. Excluding the Visa Europe put option, 4Q/15 profits rose 7% to $1.7 billion. Global purchase volume rose 9.0% (FX) to $1.89 trillion and total processed transactions, which represent transactions processed by VisaNet, for the third quarter, were 19.0 billion,…

Nexonia and Abila Integrate Solutions for Nonprofits

Nexonia and Abila Integrate Solutions for Nonprofits

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Nexonia and Abila ink a new partnership and integration deal. Nexonia helps nonprofit organizations manage their payments. Nexonia will integrate with Abila’s fund accounting solutions. With this new partnership, Nexonia Expenses integrates seamlessly in both directions with Abila MIP Advance and Abila MIP Fund Accounting, providing nonprofit organizations with an all-encompassing…