Wells Fargo Bank’s implementation of rigid sales quotas drove employees to open unauthorized accounts for customers, resulting in bogus fees and damage to their credit so says a major lawsuit.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Rick Wilson, President of Miva.
Chargebacks911 says cyber shoplifting is the reason behind a freeze on new hires by Alibaba. The Company says it is seeing a rise in friendly fraud, and this inherently suggests that more and more consumers are lying to convince their bank to file a chargeback.
Wirecard is providing the E-Money and license as well as the technical platform needed to manage the Orange Cash mobile payment application in Spain. Users of Orange Cash can now make mobile payments at any contactless Visa terminal in more than 530,000 stores across Spain and at 2.4 million acceptance points throughout Europe.
CardWeb.com’s CardData database of Company Profiles today features Prairie Cloudware.
In today’s CardFlash News Que: CFPB (Lipsky); YAPSTONE (PCI); DIGITZS (Crowdfunder); and FIRST BANKCARD (Passcode).
Gemalto unveiled Coesys mGov, a new mobile strong digital authentication solution that enables citizens to access online government services using a combination of their contactless national eID card and NFC phone.
Tillster is buddying with Gimbal to bring advanced, mobile location-based guest services to restaurants nationwide. Tillster will incorporate Gimbal’s geofencing, Bluetooth Smart proximity beacons, and analytics technologies into their partners’ branded mobile applications to deliver new customer location and engagement services.
CardWeb.com’s CardData Reports today features the “ThreatMetrix Cybercrime Report: Q1 2015.”
In today’s CardFlash News Que: WENTWORTH (FIS); UNIONPAY (Taiwan); AMEX (GBT); and DIGITZS (funding).
Mobile proximity payments make up a mere 1% of all retail transactions, compared to total online payments at 9%. Mobile proximity payments will total $54 billion by 2019.
San Francisco-based Affirm is aiming to take on Visa, MasterCard, American Express and Discover for consumer loans. The firm raised $275 million in debt and equity financing this week.