HYPERWALLET; AMEX; SAFEND; and MAGICPAY

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] In Other News: HYPERWALLET (API); AMEX (awards); SAFEND (Windows); and MAGICPAY (ranking). HYPERWALLET – Hyperwallet revealed its REST payout API would move into public beta following the company’s presentation at FinDEVr New York tomorrow. The API has been in private beta with select Hyperwallet clients since it was announced last October,…

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Parkmobile Lands Cherry Blossom Festival Deal

Parkmobile Lands Cherry Blossom Festival Deal

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Atlanta-based Parkmobile has teamed with the National Cherry Blossom Festival to provide event-goers with simple and convenient parking options for the festival. Parkers will be able to take advantage of Parkmobile and ParkNow, Parkmobile’s reservations platform, in order to pay for on-street parking or reserve parking near the event using their…

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MasterCard AP Introduces IQ Series and ABU

MasterCard AP Introduces IQ Series and ABU

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] MasterCard has launched two new services that raise the bar on consumer experience and everyday peace of mind for cardholders across Asia Pacific. MasterCard IQ series, pioneering solutions designed to reduce the rising number of card transactions being falsely declined; and Automatic Billing Updater service (ABU), which securely communicates account changes…

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Real Chargeback Costs are 3X the Actual POS TX

Real Chargeback Costs are 3X the Actual POS TX

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Chargebacks are a real pain. By the time returns, administrative costs, loss of future business with the customer, and other liabilities are accounted for, the estimated cost to merchants is nearly triple the amount of the sale—$270 for every hundred dollars in chargebacks. As many big retailers shutter storefronts and divert…

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MEA Mobile Wallet Market to Outpace All Others Globally

MEA Mobile Wallet Market to Outpace All Others Globally

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Globally, Asia-Pacific dominated the global market in 2014, but it is changing with the Lion’s share of growth to come out of the Middle East Africa (MEA) market going forward. According to anew report from P&S Market Research, the growing population in developing countries, such as China and India is a…

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FEIG’s cVEND Contactless Payment Terminals Coming

FEIG’s cVEND Contactless Payment Terminals Coming

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] GA-based FEIG Electronics is unleashing its new cVEND secure payment solution next week. FEIG’s cVEND contactless payment terminals incorporate the Cardtek EMV Level 2 Kernel (L2K), providing certified EMV-related payment and security functionality on cVEND plug-in modules and standalone card readers. Together, cVEND payment devices and the Cardtek L2K are tightly…

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LAC’s UOL BoaCompra Expands to Chile for Digital Payments

LAC’s UOL BoaCompra Expands to Chile for Digital Payments

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] UOL BoaCompra, a specialist in digital goods payments throughout Latin America, is expanding into Chile. The company now offers 18 additional local payment methods including the company’s own currency, BoaCompra GOLD, Redcompra, Servipag.com and Khipu (online bank transfers), enabling international game companies to access a rapidly growing online population in Chile. UOL BoaCompra’s portfolio…

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UAE to Fully Accept UnionPay at All ATM/POS This Year

UAE to Fully Accept UnionPay at All ATM/POS This Year

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Later this year the UAE will become another overseas market where UnionPay cards are fully accepted at all ATMs and POS terminals. Over the years, UnionPay International has kept improving its overseas acceptance network according to the trend of international tourism and cardholders’ payment needs, and has made breakthroughs in many…

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V+M Intl Debit Card GDV Continues to Soften in 4Q/15

V+M Intl Debit Card GDV Continues to Soften in 4Q/15

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Visa and MasterCard international card gross dollar volume (GDV) for the fourth quarter (4Q/15) posted $1870 billion, compared to $1953 billion one-year ago. However, the nominal year-on-year (YOY) change is meaningless. 
On a currency adjusted (FX) basis, for 4Q/15, GDV for Visa international credit cards have been growing steadily, up 150…

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Big 6 30+ Day Card Delinquency Edges Upward in 4Q/15

Big 6 30+ Day Card Delinquency Edges Upward in 4Q/15

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Early stage delinquency (30+ days) among the nation’s top 6 issuers climbed 5 basis points (bps) sequentially in the fourth quarter (4Q/15) to 1.81%, but remains below last year’s 1.84%. Five of the Big 6, including Chase, Bank of America, Capital One. Citibank, and Discover, posted higher delinquency in 4Q/15. However,…

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Boku Brings Direct Carrier Billing to Central Europe

Boku Brings Direct Carrier Billing to Central Europe

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] San Francisco-based Boku, a specialist in direct carrier billing-based mobile payments, announced a series of new partnerships to bring direct carrier billing to Google Play for more than 75 million mobile subscribers across 3 major European markets. As a result of the new deals, subscribers can use one-tap mobile payments to…

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MiCamp Solutions to Provide SBE with Complete P2PE

MiCamp Solutions to Provide SBE with Complete P2PE

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] MiCamp Solutions will integrate EMV compliancy into all SBE locations to allow for maximum payment processing security to protect customers from fraud when using their credit or debit cards. In addition, MiCamp Solutions will provide SBE with complete Point-to-Point Encryption (P2PE) while implementing tokenization for added payment processing solutions. Founded on…

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