The Consumer Financial Protection Bureau has been on a recent tear: hitting a small-dollar lender for illegal debt collection practices; warning colleges to improve disclosure of school-sponsored credit card agreements; and an upcoming proposal to regulate payday-type loans with more severity.
PA-based FreedomPay’s Commerce Platform has been approved as a payment gateway for EMV on First Data. FreedomPay’s EMV certification combined with P2PE enables merchants to adopt advanced payment security at the point of sale.
NY-based CardFlight reports its suite of mobile solutions has been certified by First Data to accept EMV “chip card” payments.
The FIS’ Clear2Pay Open Test Solutions group has been confirmed by Visa for Chip Vendor Enabled Service (CVES) to help streamline and support the deployment of EMV enabled contact and contactless payment devices in the USA.
Visa has introduced an EMV toolkit to help business owners manage the transition to chip technology for credit and debit cards. VisaChip.com/BusinessToolkit provides merchants with a 10-step implementation guide, downloadable tools and resources, and a module to train employees on accepting chip cards at the point-of-sale (POS).
According to new research the mobile money market is expected to grow from $12.34 billion in 2014 to $78.02 billion by 2019, at a compound annual growth rate (CAGR) of 44.6% during the forecast period from 2014 to 2019. In terms of regions, MEA is expected to be the biggest market in terms of market size, whereas APAC and NA are expected to experience increased market traction, during the forecast period.
Calpian has selected Conformance Technologies has selected its PCI ToolKit and TINMatch ToolKit offerings. Calpian will use PCI ToolKit solution for PCI DSS merchant portfolio compliance validation, and the TINMatch ToolKit for merchant business entity name and federal TIN matching.
Visa has embarked on a 20-city tour to educate small businesses and consumers EMV. Visa is also hosting webinars and recently launched an online toolkit to help U.S. businesses make the EMV transition.
In today’s CardFlash News Que: Entersekt (CNP); Reportbuyer (XaaS); Nexonia (Microsoft Dynamics); and pcipolicyportal.com (PCI Toolkit).
In today’s CardFlash News Que: STARBUCKS, MASTERCARD, ACCESS PAYMENT SYSTEMS; NACHA; PCIPOLICY; AERPASS; AND NATIONAL FARMERS UNION.
UK-based Spire Payments is unveiling five new devices to its SP product portfolio. SP is a forward-looking alternative to traditional payment terminal suppliers.
Farmers Insurance Group Federal Credit Union (FIGFCU) has selected Fiserv’s DNA account processing platform and a host of complementary Fiserv solutions as technology cornerstones for its future growth. Developed using contemporary, standards-based components, DNA provides FIGFCU with 24/7 real-time processing, scalability and robust retail, mortgage and commercial banking capabilities.