In today’s CardFlash News Que: PAYITSIMPLE (awards); SYNCHRONY (speeches); FISERV (DNA) and B2B SOFT (exhibit).
In today’s CardFlash News Que: MASTERCARD (Sri Lanka); TSYS (The Edge) and VISA (Deutsche).
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Stephanie Stowers, Senior Vice President, Customer Service of Shift4.
American Express reported fourth-quarter consolidated total revenues net of interest expense rose to $9.1 billion from $8.5 billion a year ago, up 7% (9% when adjusted for foreign currency translations). The revenue increase primarily reflected the previously reported gain of $719 million ($453 million after-tax) on the sale of the company’s investment in Concur Technologies. The increase also reflected a rise in cardholder spending and higher net interest income.
The world’s largest retail ATM owner/operator, is now taking ATMs to the next level by adding digital rewards, money-saving deals and discounts. The new ALLTM™ Network from Cardtronics offers the new cash + digital rewards at stores hosting an ALLTM.
m-Payments may have a new meaning instead of mobile payments. Due to onerous payment obstacles by financial institutions, the emerging marijuana payments may be the relatively new and lucrative m-Payments market.
Secure Trading and First Data announced a partnership to design an easy-to-use, general purpose reloadable prepaid offering combining the powerful compliance tools of their ST-1 solution and First Data’s PayLucky™ Solutions. They will deliver an offering compliant with New Jersey and Nevada regulations and enables players to deposit and withdraw money from their accounts with licensed online gambling operators. Since launching PayLucky™ Solutions for the legalized online and offline gambling and gaming industry, this is the first virtual prepaid card agreement that will bring simplicity and ease to operators and players. On completion of the ST-1 registration process that verifies new players’ identification and location, or when existing players seek to make deposits into their wagering accounts, they will be offered a fully integrated process to set up a PayLucky prepaid account, providing players access to instant funding.
First Data has attracted an industry leading team of partners that will collaborate to bring ease and convenience to the complex and growing legalized online and offline gambling and gaming market in the U.S. and abroad. PayLucky Solutions offer an innovative package of comprehensive payment services, all in one place and all from one source. Proven solutions include check, debit and credit processing with emphasis on protecting operators by qualifying players and guaranteeing player funds through third party validation and analysis on individual spending habits. The Global Interactive Gaming Summit and Expo (GiGse), First Data and its partners are poised to deliver the much-needed solutions to the gambling and gaming industry. First Data partnered CAMS (Central Account Management Systems), CrossPay Services, FEXCO, Global Cash Access, NRT Technology and Secure Trading Inc.
Comexposium named the finalists for the first American SESAMES Awards. Based on the 19 year heritage of the SESAMES Awards held each year at the CARTES SECURE CONNEXIONS Exposition in France, recognize technology innovation for smart cards, digital security, identification, secure transactions and contactless technology developed for the U.S. market. The finalists include Emerging Payments, Oberthur Technologies for Omni-channel Wallet, ROAM for RP750x, Sequoia Retails Systems, Inc. for the QuadPoint Compact Register, Card Manufacturing, Oberthur Technologies for Lasink, SKIMPROT Ltd. for SkimProt, SmartDisplayer Technology Co., Ltd. for iCARD4, Identification, Brigham Scully Public Relations for Zwipe Biometric Card, DigitalPersona, Inc. for DigitalPersona Altus and GOTrust Technology Inc. for SDencrypter Lite.
Mercury Payment was awarded bronze in the “Front-line Customer Service Team” category in the eighth annual Stevie® Awards for Sales & Customer Service.The awards were presented by the Stevie Awards, which organizes several of the world’s leading business awards shows, including the prestigious International Business Awards and the new Asia-Pacific Stevie Awards. The final results were announced during a gala banquet on Friday, February 21 at the Bellagio Hotel in Las Vegas, Nevada. Finalists from the United States and several other nations attended. Mercury manages over a half-million merchant and partner interactions annually with a dedicated customer service staff of more than 100 people based in Colorado. More than 1,500 nominations from organizations of all sizes and in virtually every industry were evaluated in this year’s competition, an increase of 36 percent over 2013.
A Ukrainian national charged as part of a multiagency federal investigation into a worldwide online marketplace for stolen personal and financial information was arraigned in federal court Monday following his extradition Friday from Croatia. Operation Open Market, which began in March 2007, targeted an organization known as “Carder.su.” The investigation revealed members of the ring, known as “carders,” were involved in large-scale trafficking of compromised credit card account data and counterfeit credit cards, as well as money laundering, narcotics trafficking and various types of computer crime.
TransUnion released its annual forecasts on two primary consumer credit variables — mortgage and credit card delinquency rates. Credit card delinquency rates (the ratio of bankcard borrowers 90 days or more delinquent on one or more of their credit cards) are expected to rise nearly 10% from 1.51% in Q4 2013 to 1.66% in Q4 2014. Even with that increase, the card delinquency rate would remain far below average historical levels. Between 2007 and 2012, the credit card delinquency rate has averaged 2.38% during the fourth quarter.