New research finds more than 50% of all cards in use now have EMV chips on them. From October to November, the percent grew 5% as banks and card issuers accelerated their rollout of new chip cards.
Hong Kong-based ScramCard has snagged a seven-figure private investment from Stewart Milne CBE.
ScramCard users upload their credit and debit cards to a universal card with high security features.
Hilton and Starwood this week acknowledged they have been hacked following last month’s data breach discovery by Trump Hotels and one earlier this year by Mandarin Oriental.
MasterCard launched the first session of the Private Sector Frontiers Round Table Series. The series, which will consist of 11 sessions in total, aims to strengthen the role of the private sector in terms of humanitarian assistance as well as build sustainable partnerships with the sector across the UAE.
After a haircut in its IPO earlier this week, to $9.00 per share, Square’s first day of trading yesterday soared more than 60%, closing at $13.07. It was expected to price in the $11 to $13 range but there has been growing skepticism among institutional investors in regard to tech unicorns.
Holiday retail sales are expected to grow by 3.6% driven by growing consumer optimism about personal finances, Nearly half (47%) of those surveyed indicate they are more confident in their financial situation than last year (37%), and 48% plan to start their holiday shopping earlier this year.
BBVA Compass is now offering its credit card clients real-time redemption of rewards earned on qualified purchases made at any retailer.
MasterCard has shuffled four top executives to evolve the company’s “Global Products and Solutions” and “Operations and Technology” business units, effective January 1st.
CA-based prepaid card specialist Green Dot reported financial reported consolidated GAAP and non-GAAP total operating revenues of $146.4 million and $146.5 million, respectively, following the major loss of MoneyPak. Green Dot generated net cash from operations of $114 million year to date.
In today’s CardFlash News Que: DEEM (ARP): ENSENTA (VALID); CITIZENS (commingling); and STATISTA (gambling).
Again driven by Visa’s electric performance in the third quarter with net income rising 41%, payment card profits for the top four networks rose 7.2% in the third quarter, compared to one-year ago. Visa, MasterCard, American Express and Discover reported a combined 3Q/15 profit of $3883 million, compared to $3621 million for 3Q/14.
New research shows U.S. retailers customer service mistakes made with Cyber Monday online shoppers could lead to significant in-store sales losses in the 2015 holiday gift-buying season.