The campaign by retailers to prod the card networks and banks to move to total Chip & PIN in the U.S. and away from Chip & SIG is gaining more traction. A group of nine attorneys general dispatched a letter to the nation’s top credit card companies and banks.
In today’s CardFlash News Que: FIS (Landmark); NCR (Tropic); ACI (roundtable); and GLORY (ATS).
North American Bancard (NAB) has ankled Tim Oneacre as general manager of its subsidiary Electronic Payment Exchange (EPX), a full-service payment processor that provides both front- and back-end payment solutions.
Master Your Card, a community empowerment program sponsored by MasterCard has formed a new coalition that will work to help financially underserved African Americans build financial strength and gain financial inclusion through the effective use of electronic payment technology.
About three dozen new merchants, ranging from Best Buy and Under Armour to Barnes & Noble and Taco Bell in the US, have signed on to offer Visa Checkout. New merchants from Australia, Canada and Columbia have jumped on the rapidly expanding bandwagon.
PA-based Rite Aid says nearly 4,600 stores of the Company’s nationwide will begin accepting mobile payments, including Apple Pay and Google Wallet, starting Saturday, August 15. The Company will also accept Google’s forthcoming Android Pay. Additionally, all Rite Aid stores will also accept tap and pay credit and debit cards.
CardWeb.com’s CardData database of Company Profiles today features Vodafone.
Global Tel*Link has begun to include key-injected credit card scanners in all of its new payment kiosk deployments, as well as to perform quarterly inspections and audits of all payment kiosks. With this move, GTL is emphasizing its commitment to the protection of customer data by complying with and going beyond industry standards for customer data security.
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.
Chase Card Services confirmed its has entered into a consent order with the Consumer Financial Protection Bureau and agreements with attorneys general for 47 states and the District of Columbia relating to practices stopped years ago for its sworn document, collections litigation and certain debt sales practices on defaulted credit card debt.
Bit-X Financial Corp. announced that its new exchange DIGATRADE™ is set to go-live June 29th and will operate under the domain www.digatrade.com.
While 54% of Americans report that they feel happy when they save money, more than a quarter (28%) report that they always or very often spend their savings, according to a new survey released today by Capital One Bank. The Capital One 2015 “Challenge Your Savings” report reveals that more than a third (36%) of Americans say their income is not high enough to allow for much savings and on top of that, when they do save, the top reason is to pay off debts.