VCN + Visa Net Poised to Kick Butt

VCN + Visa Net Poised to Kick Butt

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Visa has launched Visa Commerce Network, a new way for merchants to create online and in-app commerce experiences to acquire new customers, drive loyalty and increase sales with relevant offers. Visa Commerce Network is built on the world’s largest electronic payment network, VisaNet, and can be easily utilized by merchants through…

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Identity Fraud Victims Reverses Course Finally

Identity Fraud Victims Reverses Course Finally

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The number of identity fraud victims increased by three percent (13.1 million consumers) in the U.S. last year, but that the amount stolen decreased by 6% to $15 billion. The 2016 Identity Fraud Study by Javelin Strategy & Research found that the rise of EMV has already had a significant impact…

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FamilyMart in Japan to Accept CUP Cards

FamilyMart in Japan to Accept CUP Cards

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] UnionPay International says its credit cards would now be accepted at all FamilyMart stores in Japan. Now, all the three major chain convenience stores in Japan, namely Lawson, 7-ELEVEn and FamilyMart, accept UnionPay cards and allow for easy PIN-free payment which is widely adopted at local convenience stores. According to data…

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JCB PREMO to Analyze Payment Traffic Patterns

JCB PREMO to Analyze Payment Traffic Patterns

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] JCB says it will analyze traffic patterns and payment data of international visitors to Japan by providing information on shopping, drinking, eating, and special offer services and by giving visitors a card type coupon, JCB PREMO, with a value of 1,000 yen in order to promote purchases. JCB will start a…

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BlueSnap’s Checkout Conversion Calculator Rocks

BlueSnap’s Checkout Conversion Calculator Rocks

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] BlueSnap is launching The Checkout Conversion Calculator to help retailers identify the points of friction that create a loss of sales. eCommerce now accounts for as much as 10 percent of all retail sales, but merchants are putting as much as 42% of their online sales at risk by making it…

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South Africa has Strongest Foundation in e-Payments

South Africa has Strongest Foundation in e-Payments

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Africa has arguably the strongest foundation for electronic payments of all these countries. In part this is because of its mature and stable banking ecosystem resulting from the country’s legacy with the United Kingdom. Though considerably smaller in population (53.6 million in 2015) than other emerging economies in either the top…

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LEVVEL Logo

Levvel Acquires Big Specialist in API management

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Levvel has acquired RCBJ Consulting, a big specialist in API management, security, and performance tuning. RCBJ’s team has joined the Levvel west coast operations. Levvel is an IT consulting firm that combines the innovative DNA of a start up with the wisdom, scalability, and process rigor of a Fortune 100 company.…

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Javelin Logo

U.S. ID Fraud Victims a Mixed Bag in 2015

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The number of identity fraud victims increased by three percent (13.1 million consumers) in the U.S. last year, but that the amount stolen decreased by six percent to $15 billion. The annual 2016 Identity Fraud Study by Javelin also found the rise of EMV has already had a significant impact on…

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Alexander N.M. Niejelow

MC Ankles Niejelow as SVP/Public Policy

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] MasterCard has ankled Alexander N.M. Niejelow as a senior vice president of public policy, effective February 8th. In this role, he will drive policy efforts in the areas of cybersecurity and global data management, while also leading the company’s industry partnerships on technology policy issues. In these efforts, Niejelow will work with members…

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Special Breaking News Mentions in Today’s CardFlash

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] CardFlash.com Breaking News: NXT-ID (Fatone); VISA (Singapore); USAT (award); and ACI (AAC). NEXT-ID – Wocket smart wallet has inked a new video featuring singer, dancer, actor and television personality, Joey Fatone. The new video ad was filmed at the Consumer Electronics Show.The video is part of a new 2016 social media campaign…

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Cap One US Card Profits Up 5.5%; Metrics Weakening

Cap One US Card Profits Up 5.5%; Metrics Weakening

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Capital One (COF) continues to lead the U.S. credit card industry in outstandings and volume growth, posting a strong 13% year-on-year (YOY) gain in end-of-period (EOP) outstandings and a whopping 18% surge in Purchase Dollar Volume (PDV) for the fourth quarter as other metrics are concerning. As the most U.S. inclusive…

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Wells Fargo Card Portfolio Up but Charge-Offs Higher

Wells Fargo Card Portfolio Up but Charge-Offs Higher

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Wells Fargo credit card third quarter outstandings were up 15.3% year-on-year (YOY) to $34.0 billion reflecting new account growth and growth in private label and co-brand outstandings. Purchase Dollar Volume (PDV) grew 12% YOY in 4Q/15. For the Fourth quarter, Wells posted $18.9 billion in PDV, compared to $18.3 billion in…

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