Soaring 4Q COF Charge-Offs Drive Top 4 Average Higher

Soaring 4Q COF Charge-Offs Drive Top 4 Average Higher

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Charge-offs among the nation’s top four U.S. issuers dropped 10 basis points (bps) year-on-year (YOY) to 2.87%, and up 19 bps sequentially for the fourth quarter (4Q/15). Soaring Capital One losses drove the sequential gain for the peer group. The Chase 4Q/15 charge-offs ratio inched up by 1 bps from 3Q/15…

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BILL.COM Tops 1 MM Members & Set to Launch a Dashboard

BILL.COM Tops 1 MM Members & Set to Launch a Dashboard

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Bill.com Network is reaching critical mass, surpassing the 1 million member mark and $25 billion in annual transactions. Through the Network, Bill.com connects businesses and banks in the cloud, enabling faster and lower-cost payments and improved collaboration to bring digital business payments into the 21st century. With more than 1…

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BofA & US Bank Offer Real-Time P2P via clearXchange

BofA & US Bank Offer Real-Time P2P via clearXchange

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Bank of America and U.S. Bank are now live and actively processing real-time person-to-person (P2P) transactions through Early Warning’s clearXchange network. Customers at both banks are now able to send eligible real-time P2P payments to customers at either bank, with funds made available for use. The solution is unique in its…

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Payment Cards Drive Economic Growth Globally

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] A new study has found the increased use of electronic payment products, including credit, debit and prepaid cards, added $296B to GDP, while raising household consumption of goods and services by an average of 0.18% per year. The Visa 2016 study of 70 countries, conducted by Moody’s Analytics, also found real…

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Payment Cards Drive Economic Growth Globally

Payment Cards Drive Economic Growth Globally

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] A new study has found the increased use of electronic payment products, including credit, debit and prepaid cards, added $296B to GDP, while raising household consumption of goods and services by an average of 0.18% per year. The Visa 2016 study of 70 countries, conducted by Moody’s Analytics, also found real…

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Other: USAT; SWIPELY; NEXONIA; HEARTLAND

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Other News: USAT (Rawls); SWIPELY (Upserve); NEXONIA (Amadeus); and HEARTLAND (Best 401k). USAT – USA Technologies has added Rawls Distributing Company, a Canteen franchise, to its growing list of ePort Connect customers committing to a fully connected operation. SWIPELY – Data analytics company Swipely, which manages over 11 million meals per…

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FTC Seal Logo

FTC to Examine Credit Card Data Security Auditing

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Federal Trade Commission has issued orders to nine companies requiring them to provide the agency with information on how they conduct assessments of companies to measure their compliance with the Payment Card Industry Data Security Standards (PCI DSS). PCI DSS audits are required by the major payment card issuing companies…

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PayVisors intros Hosted Payment Gateway Solution

PayVisors intros Hosted Payment Gateway Solution

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] PayVisors has unleashed its most advanced white label payment gateway as a hosted service for credit card and ACH processing. PayVisors hosted gateway solution will utilize United Thinkers’ UniPay Payment Management Platform to enable clients to meet all of their payment management goals. UniPay is currently used by payment facilitators, software…

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FIs to Offer Immediate Access to Check Deposits

FIs to Offer Immediate Access to Check Deposits

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Fiserv is now enabling financial institutions to offer their customers immediate access to funds from checks deposited through a teller, a mobile device or an ATM. The solution utilizes a patented decision engine to help determine funds availability, while providing protection against return losses and greatly improving the customer experience. Fiserv-commissioned…

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ExxonMobile Speedpass+ App Offers More Pay Options

ExxonMobile Speedpass+ App Offers More Pay Options

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] ExxonMobil has gone beyond Apple Pay with the introduction of the Speedpass+mobile app for use at more than 6,000 stations. The app enables customers to authorize a pump for payment securely through the use of cloud-based technology. Customers have the option to select Apple Pay as a default form of payment…

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CardFlight and Stripe Enable EMV Payments Within mApps

CardFlight and Stripe Enable EMV Payments Within mApps

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] CardFlight has a new integration with Stripe to empower developers to accept EMV chip card payments from within their own mobile applications.  CardFlight will make available mobile card readers that support EMV chip card and swiped magnetic stripe payments to Stripe merchants and developers. CardFlight’s offering includes software developer kits for…

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