The Bancorp Finetics Studio video series, which features one-on-one conversations with more than 30 of the financial services industry’s most influential and innovative executives, has released its second installment.
The Bancorp Finetics Studio video series, which features one-on-one conversations with more than 30 of the financial services industry’s most influential and innovative executives, has released its first installment.
First Data has ankled Himanshu Patel as Chief Financial Officer. Patel has served as First Data’s Executive Vice President of Strategy, Planning & Business Development since June 2013.
LendingTree, the nation’s leading online loan marketplace, has announced a series of senior executive appointments to fully align the company’s management team for rapid scale and to leverage new growth opportunities.
Payza payment platform and services for ecommerce has taken the lead in the international Bitcoin market. The company is offering members the opportunity to withdraw funds from their Payza eWallets directly into their Bitcoin wallet. The Bitcoin payments are based on the exchange rate of both U.S. currency and Bitcoin value at the time of transfer. Payza consumer exchange rates will be locked in at the moment of the transaction. All transactions, no matter which of the 21 currencies Payza currently handles, will be completed using the U.S. dollar currency rate at the time of the transaction.
LendingTree launched its personalization platform, providing consumers with completely free credit scores and analysis, access to monthly updates, detailed account insights and proactive, market-based offers to illuminate potential savings opportunities across multiple loan categories. Once a free account is created at LendingTree, users are provided with their current credit score using VantageScore 3.0. Introduced in March of 2013, VantageScore 3.0 is the first credit score model to be built on post-recessionary data, and it has the ability to generate a credit score for 30-35 million more consumers than traditional credit scoring methodologies. The VantageScore model is a tri-bureau credit scoring model that is uniquely able to be deployed at all three national credit reporting companies (CRCs), Equifax, Experian and TransUnion, resulting in more consistent credit scores and less confusion among consumers.
TSB has rolled out 2.2 million new contactless debit cards increasing the number of TSB customers able to tap and go by almost five times. The Bank has already seen contactless spend rocket in June to nearly six times the amount spent on contactless cards in January and contactless taps by TSB customers also increased fourfold. This is due to more customers having contactless cards but also shows that more people are comfortable with making contactless payments. According to TSB data, the average contactless payment has been consistently between £6 and £7 over the past six months, with many using their contactless cards for smaller purchases.
American Express expanded its OptBlue merchant acquiring program that extends U.S. small merchant coverage. There are now 10 participating acquirers in OptBlue, five of which are among the top 10 in the United States. The program was announced at American Express’ Financial Community meeting earlier this year with Vantiv, Global Payments, Heartland Payment Systems, Worldpay, Transfirst and JetPay as the first participants. With OptBlue, participants have the flexibility to provide U.S. small merchants the benefit of a single statement, one settlement process, and one contact for all the major card brands. Participants determine merchant pricing in addition to providing payment processing and servicing. OptBlue will help expand American Express’ U.S. small merchant coverage, providing consumers more payment options at local businesses.
The PayRange system includes Blukey™ hardware, a mobile app and service, and is poised to be the world’s simplest payment solution for machines. When users are in “PayRange””or about arm’s length from the machine”they receive an alert and can then immediately “swipe” their finger on their smartphone’s touchscreen to send payment to the machine via a Bluetooth LE connection.
ReD global fraud prevention and Alpha Payments Cloud payments solution partnered to support acquirers and merchants as they drive secure cross-border ecommerce growth. The partnership will make ReD’s highly regarded, real-time fraud prevention service, ReD Shield®, available to Alpha Payments Cloud clients across North America, Europe, Asia Pacific and Latin America, via the APC Product Hub.
Payza online payment platforms for e-commerce, corporate disbursements and remittances formed a strategic relationship to provide credit and debit payment service to merchants based on fully-featured Payza as a Platform enterprise solution. The service offers highly competitive pricing, a wide range of supported payment methods, built-in security and fraud protection, strong merchant support, and a host of tools, features, and reporting options. The platform’s business payment module will enable businesses to accept major credit cards, with payments settled directly into their bank account. The recurring billing feature also has a variety of intervals and billing terms, and is created at a product level which allows for additional products to be added to the basic subscription. Unlike other payment processors and merchant accounts that charge monthly, gateway and other service fees on top of transaction fees, the Payza Merchant Gateway only charges for the processed transactions.
Payza has formed a strategic relationship to provide credit and debit payment service to European Union merchants based on its highly successful, fully-featured Payza as a Platform enterprise solution. The company announced its Payza Merchant Gateway service in the U.S. last month. Payza as a Platform is currently being used in nearly every country around the world by over 75,000 merchants. The service offers highly competitive pricing, a wide range of supported payment methods, built-in security and fraud protection, strong merchant support, and a host of tools, features, and reporting options. Payza’s online payment platform also offers a recurring billing service for subscription based billing cycles, at no additional charge. The recurring billing feature has a variety of intervals and billing terms and is created at a product level so additional products can complement the basic subscription. Unlike other payment processors and merchant accounts that charge monthly, gateway and other service fees on top of transaction fees, the Payza Merchant Gateway only charges for the processed transactions.