About 25 million credit cardholders haven’t changed their go-to credit card in at least 10 years and another 20 million have never changed it. According to a new CreditCards.com report senior citizens are the most loyal: 31% have been using the same card most often for at least a decade and 20% have never changed…
CardWeb.com’s CardData database of Company Profiles today features Bigcommerce.
Bank of America will now offer Visa’s digital wallet service, “V.me,” which it has started piloting to its online banking customers, letting them make secure online payments without having to constantly enter card account numbers, bill-to or ship-to information. Bank of America customers can enroll in Visa’s “V.me” service through online banking. Once enrolled, customers shop knowing they are protected by layers of security within Visa’s industry leading network. Customers will also be able to check out with a few clicks, eliminating the need to enter card, billing and shipping information for each purchase.
E-commerce technology provider has unveiled “Magento mobile”, a new
product that addresses the growing need for merchants to reach consumers
through mobile devices. “Magento mobile” includes deep integration with Magentoâs fast-growing
e-commerce platform, used by more than 60,000 merchants around the
world; and uses PayPalâs mobile payments library to provide a seamless
and fast checkout experience from a mobile device. Unlike other mobile-commerce solutions which simply re-theme a
merchantâs website for mobile browsers (mobile Web), Magentoâs product
transforms a retailerâs product catalog into a fully-functional,
branded, native application which merchants can use to interact and
transact with their most valuable customers in a way unlike any other
channel. Magento is a feature-rich, professional e-commerce platform solution that offers merchants complete
flexibility and control over the presentation, content, and
functionality of their online channel. Magento’s intuitive
administration interface features powerful marketing tools, a
catalog-management engine and is SEO optimized to give merchants the
power to create sites that provide an unrivaled and rich online shopping
experience for their customers, tailored to their unique business needs.
CA-based transaction risk management provider Verifi has enhanced its
solution which provides extensive IP geolocation information, a
a key indicator of transaction risk and credit card fraud.
Merchants now have the advantage of Verifiâs platform to implement fraud
screening checks for online transactions utilizing IP geolocation, proxy
detection and reputation data. With this robust intelligence, merchants
can create actionable rules to filter and flag high-risk transactions
for review. In concert with Verifiâs complete suite of tools, “IP
provides merchants with a comprehensive set of real-time fraud checks
for online orders.
Los Angeles- based transaction risk management service Verifi has hired
Joe Little, previously with Visa, as VP of Sales.
Little spent 10 years at Visa as a Senior
Business Leader. While there, he held leadership positions including
managing a team responsible for revenue generation, new business
development and launching new initiatives into the payment industry. In
addition to those responsibilities, Little worked closely with
multi-national accounts to establish payment solutions for the
underserved and also launch new cobranded opportunities.
Verifi is a leading provider of electronic payment and risk management
solutions for card-not-present merchants.
CA-based risk management provider Verifi has tapped Jennifer Schulz, previously COO, as its CEO.
Schulz joined Verifi in April, 2008 as Verifiâs Chief Operating Officer.
As CEO, Schulz will oversee Verifiâs continued transformation from a
successful startup into the premier provider of transaction risk
management, risk mitigation, business optimization strategies, refund
controls, Verified by Visa (VbV) and MasterCard SecureCode (MCSC)
cardholder authentication, and chargeback representment for merchants.
She will also manage the continued growth of Verifiâs Cardholder Dispute
Resolution Network service enabling Card Issuers to connect to
Merchant Businesses for more efficient management of the dispute
resolution process. Earlier, Schulz held numerous management positions with Visa, Inc.
including service as Global Head of Consumer Credit where she was
responsible for the growth and overall health of Visa’s credit business.
She joined Visa following a distinguished career with Diamond Management
& Technology Consultants, Inc.
CA-based transaction risk management service Verifi has a preferred
partner agreement with Chase Paymentech.
Verifi will recommend Chase Paymentech as a preferred merchant account
provider to its merchant customers, and will provide its transaction
risk management services, including chargeback prevention and
management, to Chase Paymentechâs card-not-present merchants.
Verifi is a provider of electronic payment and risk management
solutions for card-not-present merchants. Verifiâs highly customizable
payment gateway serves as a foundation for its suite of risk management
services. Verifi has a proven track record of reducing risk and
increasing profitability for its clients by offering transaction risk
management and mitigation, business optimization strategies, cardholder
authentication, and chargeback representment for all major card brands.
Ticket distributor Broadway.com has partnered with VISA to help VISA Signature obtain greater ticket access, service and benefits. VISA Signature cardholders will be preferred customers of Broadway.com with access to tickets to all of Broadway, special offers and preferred concierge service. A special website and phone hotline will make memorable Broadway experiences easily accessible to VISA Signature cardholders, with tickets to the biggest shows. Cardholders can also enjoy amenities such as complimentary cancellation privileges.
VISA USA has entered into an agreement to give VISA Signature cardholders special access to Pinehurst Resort in North Carolina, known as the “Cradle of American Golf” and one of the top ten U.S. golf destinations and the historic Old Course at St. Andrews, Scotland. Pinehurst is comprised of eight championship golf courses and has been the site of more single championships than any other course in the United States. VISA Signature cardholders can enjoy tee time access on Pinehurst No.2, site of the 2005 U.S. Open Championship each time they stay at the resort. Through Pinehurst’s special relationship with St. Andrews and The Old Course Experience, VISA Signature cardholders also have access to a round on the fabled Old Course, site of the 2007 British Open Championship.
Despite the loss of one of its largest customers, responsible for approximately 24.5% of its total revenue, LML Payment Systems was able to replace some of this lost revenue from increases in revenue from the secondary check collection business. LML Payment reported third calendar quarter revenues of approximately $1.6 million, compared to approximately $1.8 million for the year ago quarter. There was a net loss from continuing operations of approximately $863,000 for the quarter, compared to a net loss of approximately $1.1 million for same period one-year ago. For complete details on LML’s third quarter performance visit CardData (www.carddata.com).
Vancouver-based LML Payment Systems reported first calandar quarter revenues of $2.7 million, compared to $2.3 million one-year ago. The Company had net income of approximately $82,000 for the quarter compared to a net loss of approximately $702,000 for the year-ago quarter. Revenue for fiscal 2004 year ending March 31st, was approximately $8.7 million compared to approximately $8.6 million for the previous year. Net loss for fiscal 2004 was approximately $1.7 million compared to a net loss of approximately $3.0 million for the previous year.