In Other News: INTEL (Visa); BMO (MasterCard); VANTIV (products); and WU (omni-channel). INTEL – Intel and Visa inked a collaboration agreement to help bring world-class payment and data security technologies to the growing world of connected devices—from personal computers and mobile devices, to intelligent appliances and wearable technologies. With the spectrum of commerce growing in…
Moneris Solutions has rolled-out the PAYD product family for the U.S. market. PAYD Pro and PAYD are two innovative smartphone-based mobile point-of-sale (mPOS) solutions that empower merchants to process secure payments from anywhere and everywhere they do business.
CardWeb.com’s CardPixes database of more than 7,000 images today features the BMO CashBack World Elite MasterCard.
Acceptance of MasterCard consumer cards for Apple Pay is picking up more steam with the addition of 25 new financial institutions nationwide. In addition, cardholders with a MasterCard small business card from Bethpage Federal Credit Union or Navy Federal Credit Union can also now leverage Apple Pay.
FIS has opened its fourth payments innovation lab to serve as a hotbed for the continued development of the Company’s disruptive digital and mobile capabilities, as well as shorten time-to-market for new applications.
USAA Federal has scored the best in overall mobile banking. USAA is the only financial institution of the top 30 financial institutions that offers contacting a CSR or virtual assistant within the app, one of the key distinctions.
The UGO Wallet is here. In its initial release, UGO Wallet is available for use with eligible TD Bank credit cards and PC Financial MasterCard credit cards.
CardWeb.com’s CardPixes database of more than 7,000 images today features the Diners Club/Carte Blanche MasterCard. the card issued by BMO Harris Bank.
Thanks to chip technology and fraud detection, debit card fraud losses in Canada reached a record low last year, declining 23% year-on-year (Y/Y) and sinking 79% (Y/Y) after peaking in 2006. Interac reported debit card losses climbed from $94.6 million in 2006 to a record high of $142.3 million in 2009 and then reversed course in 2010, declining to 2013’s record low of $29.5 million.
In terms of growth, MasterCard’s Europe, Latin America and Canada regions all under performed the fast growing Asia-Pacific-Middle East-Africa region in 2013. Last year the European region produced annual growth of 16.6% with third quarter gross dollar volume of $322 billion. In the Latin American region gross dollar volume also rose 16.6% year-over-year, with $83…
MasterCard Canada launched its MasterPass digital payment services. This offers a seamless, secure and speedy check out regardless of where consumers may be and what screen they may be using – MasterPass securely stores credit card information and shipping information in a secure cloud hosted by trusted entity. It also provides added tools that provide consumers with real-time alerts, account balances, loyalty programs as well as Priceless offers and experiences. Merchants including Porter Airlines, WagJag, Jaunt.ca and Grocery Gateway have enabled MasterPass checkout services on their eCommerce websites. MasterCard plans to expand the number of MasterPass enabled merchants in Canada to 800 merchants by the end of 2013 and 2,800 merchants by the end of 2014. When making purchases through these companies’ eCommerce websites, MasterPass digital services will allow Canadian consumers to securely and seamlessly complete their transaction in a few clicks, eliminating the burden of filling out card and shipping information repeatedly.
MasterCard launched its “Mobile MasterCard PayPass User Interface Software Development Kit” (UI SDK) for Android and BlackBerry OS 7 mobile OS. This helps issuers, mobile network operators and third party developers rapidly build innovative new mobile applications that give consumers the speed and convenience of PayPass Tap-and-Go contactless payments – directly from their smartphone. MasterCard is providing a programmer-friendly set of functions that make it easy for application developers to rapidly deliver payment apps to consumers – without having to become smart card programming experts.