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.
Merchant acquirer and payments technology and services provider for SMBs, TransFirst, owned by buyout firm Vista Equity Partners, has filed for an IPO. Shares to be listed on the Nasdaq under the symbol “TF” with an IPO size of $100 million.
A new report suggests the U.S. commercial credit card market continues to demonstrate positive growth despite recent corporate economic challenges and increased levels of investment in corporate payable solutions.
In today’s CardFlash News Que: AMEX (UNSTAGED); GOLDMONEY (Aurum); ACCEPTEMAIL (CEO); and HELPSHIFT (growth).
Chase has added Touch ID authentication for iPhones (5s, 6 and 6 plus), becoming one of the first U.S. banks to offer the feature. Chase also plans to offer a fingerprint authentication for the Chase Mobile App for Android later this year.
CardWeb.com’s CardData database of Company Profiles today features Acculynk.
In today’s CardFlash News Que: CHASE (chip cards); COMMERCE (FICO); NFCC (CFPB); and OINK (SIIA).
The second class of the FinTech Innovation Lab Asia-Pacific
Accenture is open through May 31. The 12-week program helps early- and growth-stage financial technology innovators accelerate product development and gain exposure to top-level financial industry executives.
CardWeb.com’s CardData Reports today features “2015 AFP Payments Fraud & Control Survey” from the Association for Financial Professionals.
Visa is looking to unload its investment in Monitise a UK-based mobile payment developer and processor. Visa says it will be lessening its dependence on external mobile development resources. J.P. Morgan Securities is handling the process. The news sent Monitise stock price south by more than 30%.
CardWeb’s CardExecs database today features June Lee Felix, President of Europe and member of VeriFone’s Management Committee. VeriFone is one of the largest payments service providers in the UK.
Clearnet announced that Marcus Robinson has been appointed Head of SwapClear Australia to lead LCH.Clearnet’s next phase of expansion. Building on SwapClear’s existing presence in the region, he will work with local market participants to further enhance offering in line with their needs. A member of SwapClear’s Global Management Team, Marcus was previously based in LCH.Clearnet’s London office as Director of SwapClear Business Change. He joined the company in 2009 as Senior Manager OTC Clearing, Risk and Operations. Prior to joining LCH.Clearnet, he worked for JP Morgan in its investment banking and asset management divisions and the Commonwealth Bank of Australia in Sydney in the Financial Markets division. Marcus holds Australian citizenship.SwapClear currently clears over 90% of all cleared Australian dollar IRDs and over 40% of the entire Australian dollar IRD market.