Permissionless Innovation
The Bancorp Finetics Studio video series, which features one-on-one conversations with more than 30 of the financial services industry’s most influential and innovative executives, has released its second installment.
Bancorp Finetics
The Bancorp Finetics Studio video series, which features one-on-one conversations with more than 30 of the financial services industry’s most influential and innovative executives, has released its first installment.
Japan POS
One could assume that Japan is one of the most advanced payments nations on the planet, but that’s not the case. Japan is a payments paradox, with sophisticated payments technology installed in one of the most cash-intensive societies in the world.
Other Breaking News
In today’s CardFlash News Que: BOFA (Euromoney); FAPS (award); BATCHED.COM (EMV); and E-COMMERCE 4 (report).
Other Breaking News
In today’s CardFlash News Que: ACI (Innovation); MarketReportsStore (India); PAYPAL (Europe); and
NETCLEARANCE (BLE).
CheckFreePay
CareFirst BlueCross BlueShield (CareFirst) is now enabling members to pay their healthcare premiums in person via Fiserv’s CheckFreePay solution. CareFirst offers health insurance products and administrative services to 3.4 million individuals and groups in Maryland, the District of Columbia and Northern Virginia.
U.S. EMV & Fraud
While the U.S. EMV payment card migration is going full steam to meet the approaching deadline this year, payment card fraud will continue to grow by more than 25% over the next five years. Thanks to EMV, U.S. counterfeit fraud will decline by more than 80%, however CNP (Card Not Present) fraud will grow by more than 100% between 2015 and 2020.
Visa U.S EMV 101
Visa has embarked on a 20-city tour to educate small businesses and consumers EMV. Visa is also hosting webinars and recently launched an online toolkit to help U.S. businesses make the EMV transition.
EMVelocity
By the end of this year nearly 60% of U.S. point-of-sale locations will be chip-capable. And the pace of implementation is accelerating, with 86% expecting to be chip-enabled by the end of 2015.
ACI Ranking
ACI is now ranked 20th on the list of financial technology companies that were judged according to their global revenues. The ranking was made by the IDC Financial Insights 2014 FinTech Rankings. ACI moved up four places in the rankings.
Biz dBanking
New research shows the majority of small- and mid-size businesses (SMEs) already use online banking, and mobile banking is on the rise. Currently 35% of SMEs use a smartphone and 25% use a tablet for business banking.
ACI Gears Up to Acquire ReD
ACI Worldwide will acquire ReD for an all-cash purchase price of $205 million and expects the transaction to close in the middle of the third quarter, 2014. ReD is a leading ecommerce and fraud prevention company serving the payments industry. The company’s suite of solutions – ReD Shield®, ReD Fraud Xchange, ReD PRISM®, ReD Alerts, ReDi, ReD1 Gateway and LiveProcessor – helps customers drive up revenues while reducing fraud losses and increasing the efficiency of their fraud management teams. ReD serves retailers, issuers, acquirers, processors and switch networks globally. ReD has a compelling SaaS and transaction-based financial model, with over 80 percent recurring revenue.