A new survey finds 29% of U.S. consumers own EMV-enabled chip cards, up from 10% who did in 2014, and 1 in 3 EMV card holders have used them in EMV readers in merchant terminals in the U.S.
In today’s CardFlash News Que: INTECH (Forte); PIVOTAL (white paper); PRESTIGEPAY (website); and KONY (exec).
CardWeb.com’s CardConferences today features the HEALTHCARE PAYMENTS INNOVATIONS conference, July 27-28, 2015 at Hyatt Regency Boston.
There is a huge digital commitment gap between bills paid online or mobile and statements delivered digitally. New research finds 72% of bills are paid through online or mobile channels”but only, only 39% of statements are delivered digitally.
Six members of the European Automated Clearing House Association (EACHA) have joined forces to deliver centralized and optimized processing services for SEPA transactions. For this purpose they have set up a new company called European Clearing Cooperative (ECC).
CA-based Armor Payments has launched the first Escrow as a Service (EaaS) payment solution. With Armor Payments EaaS, third-party applications such as B2B marketplaces, crowdfunding services, and solutions requiring B2B disbursements can easily integrate and offer secure escrow payments between their payers and payees to cost-effectively eliminate the risks of doing business online.
Mobile bill payment use is growing rapidly among U.S. consumers, with 27 million U.S. online households now paying at least one bill from their phone, up nearly 70% over 2013. However, new research shows they use an average of three different payment methods each month.
Dwolla remittance announces new experience similar to direct deposit. With a paperless, safe way to route payments directly to a recipient’s bank account, Dwolla no longer requires recipients to register for a full Dwolla account and all future payments made to their email address will be routed directly to their bank account in as little as one to two business days. Dwolla Direct users can get access to additional features”like the ability to send or request money”at any time by converting to a free full Dwolla account. The sender can send payments to emails: No need to collect, and then protect, sensitive bank account information to send a payment. Set it and forget it: Once your recipient’s email is connected to a bank account, future payments to the email address will notify the recipient and automatically route the funds to their bank or credit union account.
The AARP is beefing-up its discount programs for members with the myAFINITI proprietary member rewards platform. AARP members access brand-specific, point-of-sale discounts through the swipe of their card.
The 37 million Americans who carry AARP membership cards now have the capability to “swipe-and-save” at merchants. The newly issued cards are powered by InComm’s proprietary Enhanced Payment Platform.
New research reveals that roughly 26% of Canadian mobile phone users have made a mobile payment in past 12 months, up from the 17% two years ago. In a typical month, mobile payers (who have made a mobile payment in past 12 months) use their mobile phone to make a payment about four times per month.
Bank of America has introduced a new payment solution that enables companies to make payments to their customers digitally, eliminating the need to issue a check. With the new Digital Disbursements payments are directly routed to the bank account of the individual payee’s choosing using either a mobile phone number or email address as the identifier.