Synchrony Rock ’n Rolls Posting a Solid 3Q/16 for Retail Cards

Synchrony Rock ’n Rolls Posting a Solid 3Q/16 for Retail Cards

Synchrony Financial’s retail credit card business revenues posted an 11.2% year-on-year (YOY) gain for the third quarter (3Q/16) to $2.79 billion. Retail card outstandings continue to be aided by the recent acquisition of the BP portfolio during the second quarter. During the quarter Synchrony renewed key relationships – TJX Companies, hhgregg, Nationwide Marketing Group and…

Briefs: INTEL; BMO; VANTIV; and WU.

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…

Mexico FinTech to Offer Financial Inclusion

Mexico FinTech to Offer Financial Inclusion

Financial Technology companies (FinTech) are becoming important players in the Mexican financial system and could support financial inclusion. As a Latin American market with significant growth opportunities for FinTech, these companies could help increase the country’s financial intermediation levels, which are among the lowest in the region. Fitch Ratings says according to Inegi’s (National Institute…

DCB Bank Unveils mVisa in India

DCB Bank Unveils mVisa in India

DCB Bank, a new-generation private sector bank in India, has launched of mVisa. The mobile based payment solution will make payments at retail outlets much easier: Customers of any mVisa issuing bank can make digital payments at mVisa enabled retail outlets simply by scanning a unique QR code on their smartphones. To implement mVisa, the…

Fiserv Beefs-Up Payment Fraud Manager

Fiserv Beefs-Up Payment Fraud Manager

Fiserv’s Payment Fraud Manager now offers a new, advanced predictive scoring model specific to Automated Clearing House (ACH) transactions. Payment Fraud Manager detected more than 90% of fraud while reviewing only two percent of the transactions, according to Fiserv model validation tests. Built to help financial institutions detect and stop fraudulent electronic payments in real…

Briefs: AMS; BLUEFIN; VPIG; and FIS.

In Other News: AMS (ISO); BLUEFIN (P2PE); VPIG (ROK); and FIS (Cardless). AMS – Applied Merchant Systems continues to develop its integrated electronic payment processing platform while consolidating with other growing merchant acquirers, or independent sales organizations. In that pursuit, AMS expanded its senior credit facility with Goldman Sachs Specialty Lending Group and Business Development…