Three out of ten American households feel obliged to do business with one or more financial services companies they distrust. The proportion of customers who distrust their current provider varies by category, with only 12% of customers indicating they distrust their bank, compared to 24% of all homeowners who distrust their mortgage lender. A recent…
Online fraud increased 360% in France post EMV and the U.S. will likely realize the same in 2016. However, mobile is the future of retail.
The U.K.’s MBNA kicked off a new brand advertising campaign tp celebrate the backroom boffins who take enormous pride in being good with customers’ money.
Worldline and Equens are getting married. Equens is a prominent European payment services provider, headquartered in Utrecht, Netherlands, with €305 million 2015 revenue. Equens Worldline Company will become the largest pan-European financial processor, targeting 2016 revenue of € 700 million and OMDA of € 120 million, managing approximatively 100 million payment cards and employing 3,000 experts in payment.
PayPal racked up a 10.2% gain in year-on-year (YOY) accounts to 173 million. Gross transactions soared by 25.1% from 972 million in Q3/14 to 1216 million for 3Q/15.
Cardholders are 22% more likely to be very-to-extremely satisfied with their bank if they have received an instantly issued debit card instead of a card sent by mail. A new study also found that cardholders who receive their card instantly in a branch often start using it immediately, accruing between $0.50 to $0.77 in additional interchange revenue for their bank during the first month.
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.
Berkshire Hathaway Travel Protection (BHTP) and MasterCard have teamed with Skift’s Global Travel Forum to drastically cut the time it takes to pay travel-insurance claims.
HKT, 33 Finance and HNA Transforex each inked multi-year agreements with First Data to enable mobile payment services, prepaid transaction card systems and issuing and processing services, respectively.
CardWeb.com’s CardData database of Company Profiles today features Merchant Link.
Electronic Commerce International (ECI), a registered provider of reliable Visa and MasterCard credit card processing for businesses completed a seamless and secure connection with Xero: Accounting Software & Online Bookkeeping. The integration of ECI with Xero has been fully tested and is ready for use by new and existing ECI merchants.
Bank of America announced a series of improvements to mobile and online banking to better meet customers’ changing needs and make it easier for users to manage their finances digitally.