Dallas-based Alliance Data Systems reported third quarter revenue increased 20.5% year-on-year (YOY) to $1589 million. However, net income for 3Q/15 declined 20.9%to $130.4 million.
In today’s CardFlash News Que: EBANK (debit cards); MasterCard (Media-Saturn); LOYLOGIC (PayPoints); and WISEKEY (conference).
EMV chip card payments consultancy FIME is the first to have its chip card personalization validation services and POS/ATM certification test platform approved by the Debit Network Alliance (DNA) under its recently established DNA Shared Debit AID certification program.
The Consumer Financial Protection Bureau (CFPB) rampage on credit card “add-on” products continues with Citi being forced to pony up more than $700 million for sins related to credit card add-on products and services.
The U.S. Department of Defense issued a final rule expanding the types of credit products that are covered by the 36% rate cap and other military-specific protections under the Military Lending Act. The Act provides servicemembers and their dependents with specific protections for their “consumer credit” transactions.
Paralan Kiosk now offers the add-on option to transactions customers via payment kiosks to integrate a tested and certified Battery Backup Power. The UPS allows existing transactions to complete when a power outage occurs and provides up to 30 minutes of automatic backup power depending on kiosk usage.
Widely reported Chase has agreed to pony up $125 million regarding collections and sales of consumer credit card debt. An announcement is expected today. The CFPB has been on a rampage regarding credit card “add-on” products.
The Consumer Financial Protection Bureau (CFPB) took action against two credit card add-on product vendors – Affinion and Intersections for unfairly charging consumers for credit card add-on benefits they did not receive.
Victoria Group, a popular Russian supermarket chain, has chosen NCR self-checkout technology. NCR will provide self-checkout hardware and software solutions that are integrated with Victoria’s existing points-of-sales (POS) loyalty programs.
X-Cart, a global provider of hosted shopping cart services for eCommerce businesses has teamed with Coinzone, a leading Bitcoin payment solution provider dedicated to making it easy for European merchants and consumers to use and accept digital currencies.
NY-based HYPR is releasing its Biometric Security Integration Kit, an end-to-end biometric security suite intended for developers and manufacturers across the ever-expanding Internet of Things (IoT). The kits are expected to ship in July in the U.S., Canada, and Europe.
UK-based Trustonic and CN-based Mobeewave have joined hands to provide quicker and safer contactless payments for both merchants and consumers with super secure mPOS. The partnership of the two companies will allow Mobeewave-enabled NFC devices to reach best-in-class security level for accepting contactless transactions with a mobile.