Merchants Payments Coalition is taking Visa to task asking why Visa refused to consider lowering interchange fees even if fraud is reduced after merchants invest billions in new security technologies.
American consumers continue in a buying mode after ratcheting up revolving credit by $4.0 billion or 5.6% year-on-year (YOY) in August. However, the year-on-year (YOY) gain is a notch below July’s revised gain of 6.6%.
The third quarter earnings report season launches next week as Chase is slated to report on October 13th after the market close. Discover will release October 20th and American Express on October 21st, both after the market close. MasterCard is set to report the morning of October 21st.
Eight out of ten global shoppers’ purchase decisions are now informed by a digital device, with consumers saying they are smarter shoppers and getting more value than before. However, though in-store sales still account for more than nine-tenths of all retail spending, the result is a more focused in-store shopper buying from a narrower list of unique stores than in years past.
Toronto-base GoldMoney has unveiled a new corporate brand and the first phase re-launch of the GoldMoney platform. The branding follows the July 20 acquisition of the GoldMoney business.
The number of mobile P2P users will grow rapidly, from 69 million in 2015 to 126 million by 2020. By 2019, it is expected that more than half of all mobile device owners will be using mobile P2P.
Mozido and TabbedOut are partnering to provide a full set of features to hospitality locations allowing their consumers an application to discover locations, join wait-lists, make reservations, order, split, pay, and leave feedback all from their mobile phones.
FICO’s new alternative data pilot program continues to reach out to include unscorable consumers. The pilot program with the new FICO Score XD is underway with 12 of the largest credit card issuers in the U.S.
Atlanta-based Vanco Payment Solutions has ankled Sandra Blair to lead its product development and IT. Blair is the former Head of Payments Practices for Alvarez & Marsal.
NXT-ID, the creators of the Wocket smart wallet, has introduced the Wocket Wagon. This is a fully featured experiential vehicle in the form of an armored car representing the security features that come with Wocket. The Wocket Wagon will tour the country making demos, sales and increasing customer awareness about Wocket and identity theft.