e-Commerce Survey

The third annual Key Business Drivers & Opportunities in Cross-Border E-Commerce survey is now open for input from merchants and payment professionals from around the world. Last year’s survey polled nearly 700 e-commerce and omnichannel merchants, payment service providers, acquirers and consultants, quantifying stakeholder attitudes about this increasingly important segment of payments.

AFCU Scholarships

America First Credit Union recently donated $2,000 in scholarships to two students during the American Legion Utah Boys State summer youth camp at Weber State University. Recipients Tyler Evans from Duchesne High School and Carter Whitby from the Northern Utah Academy for Math, Engineering and Science (NUAMES) each received $1,000 in scholarship funds for use at a Utah college or university of their choice.

Debt Map

FL-based Debt.com has unveiled a new money map the ranks the current financial literacy and consumer debt behaviors of every state in the country by combining three major factors. The factors include: how well people in each state perform on financial literacy quizzes, financial habits and state laws on teaching the subject.

AmEx Q4 Profits

American Express reported fourth-quarter consolidated total revenues net of interest expense rose to $9.1 billion from $8.5 billion a year ago, up 7% (9% when adjusted for foreign currency translations). The revenue increase primarily reflected the previously reported gain of $719 million ($453 million after-tax) on the sale of the company’s investment in Concur Technologies. The increase also reflected a rise in cardholder spending and higher net interest income.

SCA Council Chairs

The Smart Card Alliance Payments, Mobile and NFC, and Transportation Councils made significant headway in 2014, educating the industry on the security benefits of smart card technology for a wide variety of payment applications and use cases.The Payments Council focuses on facilitating the adoption of chip-enabled payments and payment applications in the U.S. and works closely with the EMV Migration Forum to educate stakeholders on the security benefits of EMV chip technology. The Mobile and NFC Council activities help to accelerate the practical use of NFC applications such as payments, loyalty and marketing. In 2014, the council put forward workshops, white papers and other educational industry resources to discuss and promote common mobile and NFC standards and best practices.