GasBuddy App Brings 65MM Downloads to Fleet Card King WEX for B2B2C Payments

GasBuddy, the only smartphone app connecting 65 million drivers with their Perfect Pit Stop, as buddied with corporate payment solutions provider, WEX. The partnership will focus on innovations that bring added convenience and savings to the more than 200 million driving consumers in the United States that fill up at retail gasoline stations, and represents…

Details
U.S. Credit Card Charge-Offs Head Higher

V+MA International Q1 PTX +15% YOY minus V Europe

International purchase transactions (PTX) for Visa and Mastercard credit and debit cards grew by 14.8% year-on-year (YOY) in the first quarter (1Q/17), excluding Visa Europe. Including Visa Europe, added starting 3Q/16, the YOY gain was 50.1%. International PTX, including Visa Europe, for credit cards increased 22.6% YOY while international PTX for debit cards rose 89.5%…

Details

Reloadable Visa Virtual/Digital Account Handy U Combines All Things Payment

IATAI Enterprises (IATAI) and BPP have developed a universal and customizable payment, rewards and insurance solution for consumers, businesses and merchants. Handy U is a reloadable Visa virtual/digital account that enables IATAI’s travel and insurance clients to instantly make and receive payments, access benefits and redeem rewards generated by their loyalty programs. Handy U is…

Details

Payment Tokenization Market Red Hot — CAGR 22% Through 2022

The fraud frenzy is driving the global tokenization market and is expected to grow from $823.0 million in 2017 to $2.26 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 22.4%. Payment security and compliance management are among the application areas contributing to the growth of the tokenization market. The payment security application…

Details

Fintech Week Set to Rock ’n Roll All Over London Next Month

Conferences, exhibitions, workshops, hackathons, meet-ups and of course . . parties will dominate Fintech Week in London in mid-July. The main conference/exhibition takes place at the Grange Tower Bridge Hotel, but other events take place across the City of London, Canary Wharf and “Tech City.” The organizers of the fourth annual Fintech Week expect 600-1,000…

Details

CFSI and Chase Names $3MM Annual Fintech Competition Winners

The Financial Solutions Lab at the Center for Financial Services Innovation (CFSI) with founding Lab partner Chase announced eight financial services innovators as the winners of its third competition, aimed at identifying solutions that can help Americans improve their financial health. Each winner will receive $250,000 in capital and additional resources to test, enhance and…

Details

V+MA+AXP+DFS Q1 U.S. CC GAC +6% YOY w/V +12% YOY

Total U.S. gross accounts (GAC) in the first quarter (1Q/17) for Visa, Mastercard, American Express and Discover U.S. credit cards was up 5.9% year-on-year (YOY). At the end of 1Q/17, there were 541.2 million U.S. credit GAC compared to 536.1 million for 4Q/16, and 510.9 million for 1Q/16, according to CardData. Visa U.S. credit GAC…

Details

Advanced DMP Offers Detailed Purchase-Based Marketing for Radio

Westwood One, America’s largest radio network, picked Nielsen Marketing Cloud and its advanced data management platform (Nielsen DMP) to launch the first-ever audio DMP. Advertisers can now make sharper buying decisions across Westwood One’s over-the-air radio and streaming audio channels, which reach almost a quarter of a billion listeners weekly across all U.S. media markets.…

Details

New Solution Detects Compromised POS, CNP & ATM Cards Faster Than Ever

FICO has unleashed FICO® Card Compromise Manager, an anti-fraud solution that proactively detects and prioritizes compromised merchants and data breaches involving card data. A powerful companion to FICO® Falcon® Platform, Card Compromise Manager is capable of detecting card present, card not present and ATM fraud. It uses advanced analytics to provide a ranked list of…

Details

Android Pay + WorldRemit = C2B Payments w/No CC, 3DS, 3G, Wifi or Agents

Digital money transfer service WorldRemit has added Android Pay to its service, offering a new way for WorldRemit’s Android Pay users to send money internationally and reach millions using mobile money accounts. Pioneering a mobile-first approach to the $600 illion a year remittance industry, the move sees WorldRemit bringing together the leading players in mobile…

Details