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.
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.
American Express Company reaffirmed the company’s financial outlook for 2015, 2016 and 2017. For the full year, the AmEx 2015 EPS outlook remains unchanged, and expects EPS to be flat to modestly down.
CardWeb.com’s CardData database of Company Profiles today features ShopKeep.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Chris Nelson, CEO and founder of Zoot Enterprises.
The average discount rate for merchants accepting American Express cards hit a new low in the second and third quarters of 2013. Over the past seven years the worldwide average discount rate has declined from 2.57% to 2.52%. American Express says there are many factors that will likely result in more erosion. The mix of spending by location and industry, volume-related pricing discounts, strategic investments, and certain pricing initiatives are major factors in the erosion. Despite the decrease in the average discount rate, discount revenue increased 5% in the third quarter as billed business volume rose 7%. American Express notes faster growth in Global Network Services’ billings than overall American Express billings had an impact on discount revenues too. The average discount rate reflects pricing at merchants accepting general purpose American Express cards. It represents the percentage of billed business (both proprietary and Global Network Services) retained by the American Express from merchants it acquires, prior to payments to third parties unrelated to merchant acceptance.
Payment Alliance International (PAI) electronic payment processing solutions announced Donna Embry, SVP, strategic development, was named the Most Influential Women in Payments by PaymentsSource. Having held executive product, marketing and operations positions with major industry players such as Citizens Fidelity Bank (now PNC Bank) and Vital Processing Services (now TSYS Acquiring Solutions), Embry has led the development, roll-out and enhancement of the entire suite of PAI products and services, and is a mentor to her staff and peers. In October of last year, Embry was elected president of the Midwest Acquirers Association (MWAA) and continues to foster changes throughout the entire industry as she serves in the top leadership role for the regional association.
Planet Payment, a leading provider of international payment processing and multi-currency processing services, announced its results for the three months ended March 31, 2012 (“Q1 ’12”). During the first quarter of 2012, the Company again achieved strong operating results. First quarter of 2012 highlights include: — Net revenue for the period increased 22% to $11.7m…
Maybank launched its new Manchester United (MU) debit card, in conjunction with efforts to expand its partnership with the English football team. Maybank’s first co-brand debit card was unveiled and issued in partnership with Visa International as an extension of the Manchester United credit card series launched in November last year. This allows Maybank to increase its penetration in the local debit card market, where it is already the leader with a 35% market share by card base and 55% share of debit billings.
Integrapark was an early adopter of SIX Card Solutions token solution in 2007 to reduce card security risks and PCI-DSS scope for its clients processing recurring monthly parker fees. Use of tokens eliminates storing sensitive card data on clients PARIS servers. Instead of sensitive card data, PARIS server stores proprietary tokens (dummy numbers) issued by SIX Card Solutions. Tokens are then used to create the recurring transactions for monthly parker fees. Sensitive card data is stored on SIX Card Solutions secure PCI-DSS compliant centrally hosted systems. PARIS now supports SIX Card Solutions End-to-End Encryption solution in addition to the token solution.
Payment Alliance International (PAI), a leader in electronic payment processing solutions, is pleased to announce a strategic partnership with GunBroker.com, the world’s largest online firearms auction site, to provide an easily integrated payments acceptance solution for approved GunBroker.com online sellers. The partnership was unveiled at the 2012 Shooting Hunting Outdoor Tradeshow (SHOT) Show recently held…
Payment Alliance International (PAI) electronic payment processing and information solutions, will launch the “PAI Secure” ATM. This indemnification coverage program protects PCI-related data breaches at ATMs, fee notice sticker suits and legal fees. The “PAI Secure” ATM program covers expenses and/or fines associated with ATM data breaches and sticker suits, plus provides information on how businesses can bring their locations into compliance with the Electronic Funds Transfer Act (ATM sticker suits). The PAI Secure ATM program allows participating distributors and ATM owners will be protected with indemnification coverage for expenses and fines associated with ATM data breaches, sticker lawsuits and legal fees.