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.
Customer experience and engagement continues to be the top priority for retailers in their quest to gain and retain customers. The explosive growth in the use of gamification as part of a CRM program is growing to engage and motivate customers.
American Express has ankled Governor Michael Leavitt to its Board. Governor Leavitt served as Governor of Utah from 1993-2003.
Driven by MasterCard, payment card profits for the top four networks rose a mere 2.9% in the first quarter, compared to one-year ago. Visa, MasterCard, American Express and Discover reported a combined 1Q/15 profit of $4090 million, compared to $3975 million for 1Q/14.
American consumers are back in the buying mode after ratcheting up revolving credit by $4.3 billion or 5.9% year-on-year (YOY) in March. Total revolving credit for March preliminarily posted $889.4 billion, compared to a revised $885.1 billion for the prior month and $887.5 billion for January.
MasterCard’s (MC) Europe region Q1/15 Gross Dollar Volume (GDV) rose year-on-year (YOY) by 15.1%, and solid compared to Q1/14’s 14.7% YOY gain. The figure is more than twice the growth rate in the US and bests the global MC Q1/15 GDV gain of 12.1%.
International cryptocurrency and Bitcoin exchange platform 247exchange, managed by InterMoney Exchange, and its partner MoneyPolo payment system have devised a system of buying and selling Bitcoin instantly via money transfers.
Hong Kong-based Tranwall has extended its card control interfaces to the smart watch. Previously available for smart phones and legacy phones, the functionality is now also available on the Apple Watch and Android Wear platforms.
FICO says its FICO Score 9 for U.S. auto lenders and credit card issuers is now available. The new consumer score is also available to all three major U.S. credit reporting agencies.
Prepaid card king Green Dot reported Q1/15 of 43% year-on-year (YOY) to $227 million. The Company was negatively impacted by approximately $12 million resulting from fewer reload transactions. Greendot also shuffled its CFO.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Greg Baker, Lead Data Engineer at Bankrate’s Wallaby Financial.