Acceptance of MasterCard consumer cards for Apple Pay is picking up more steam with the addition of 25 new financial institutions nationwide. In addition, cardholders with a MasterCard small business card from Bethpage Federal Credit Union or Navy Federal Credit Union can also now leverage Apple Pay.
Upromise by Sallie Mae reports its Upromise MasterCard card surpassed $50 million in cash back earned for college last year. Collectively the MasterCard program has rewarded nearly $450 million total cash back since the card’s inception.
CardWeb.com’s CardData database of Company Profiles today features data communications and interoperability solutions provider Transaction Network Services. Founded in 1990 in the United States, TNS has grown steadily and now provides services in over 60 countries across the Americas.
Chase is launching a barrage of new ads showcasing everyday banking transactions like depositing checks through the Chase Mobile App or at Chase ATMs. The new Chase Mastery campaign features masters of various crafts such as the Rockettes.
U.S. Bank has inked deal with the American Red Cross’ to be the sole prepaid card provider offering Red Cross staff and clients safe access to emergency money with the U.S. Bank Prepaid Debit MasterCard Disaster Relief Client Assistance and Mission cards.
While the U.S. EMV payment card migration is going full steam to meet the approaching deadline this year, payment card fraud will continue to grow by more than 25% over the next five years. Thanks to EMV, U.S. counterfeit fraud will decline by more than 80%, however CNP (Card Not Present) fraud will grow by more than 100% between 2015 and 2020.
The number of U.S. bank credit cards-in-force (CIF) will nearly double between now and 2020. Forecaster RAM Research projects, based on current growth rates, the number of U.S. credit cards with the Visa, MasterCard, American Express and Discover brands will top 1 billion by 2020.
The number of China UnionPay EMV/NFC payments cards issued globally has topped the one billion card milestone. UnionPay’s QuickPass is set to penetrate the South Korea market with BC Cards at the Doota Mall at Dongdaemu. UnionPay QuickPass is already available in more than 8,000 GS25 convenience stores in South Korea
NCR’s Aloha Table service point-of-sale (POS) software has landed another world famous restaurant chain. Jamie’s Italian has opted to use POS system in its first site in São Paulo. The global chain is also using NCR Pulse Real Time to manage its newest facility.
The majority of credit unions have serious security concerns regarding insider threats. More than eight out of ten of the financial institutions acknowledge their biggest concern is confidential information being transferred to unauthorized recipients, while another 52% say they are worried about sensitive data being transferred by use of removable media.
Fraud prevention and risk management specialist Early Warning has signed a definitive agreement to acquire Authentify. Coupled with Early Warning’s 2013 equity investment and exclusive agreement with Payfone, the company has created a differentiated digital channels authentication solution suite that augments its identity and payments solutions.
U.S. Bank’s Elavon has release its new software development kit, Commerce SDK which enables businesses to start accepting ApplePay and streamlines a path to EMV. The release enables small and medium size businesses to achieve the same sophisticated payment options as their larger competitors without the hefty price tag.