Early Warning + clearXchange Platform Ready to Roll

Early Warning + clearXchange Platform Ready to Roll

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Early Warning has completed its acquisition of clearXchange, the largest financial institution-led digital payments network in the U.S. The blending of Early Warning’s fraud prevention services, authentication capabilities, and bank network with the scope of clearXchange’s digital payments solution will create the largest, most secure real-time payments ecosystem in the U.S.…

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Germany’s Postbank Deploys NCR Advanced ATMs & Kiosks

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] NCR has snagged a deal with one of Germany’s largest retail banks to upgrade ATMs and deploy self service kiosks. Deutsche Postbank will modernize its retail bank branch network with NCR intelligent deposit ATMs and NCR SelfServ 85 consulting kiosks. The NCR software and hardware solutions deployed by Postbank will enable…

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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 Beaking News: WISEKEY (Kaspersky); COMPASS (FreedomPay); WU (award); and HCENTIVE (Mashable). WISEKEY – WISeKey and Kaspersky Lab are developing technology that will deeply integrate authentication and data encryption into new wearable devices, enabling them to safely connect, communicate and exchange financial data. Under the new partnership, Kaspersky Lab’s secure software…

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Visa + MC Cross-Border Transaction Volume Up 9.6%

Visa + MC Cross-Border Transaction Volume Up 9.6%

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Cross-border transaction volume for Visa and MasterCard rose 9.6% year-on-year (YOY) in the third quarter. Visa’s cross-border currency adjusted (FX) gross dollar volume (GDV) increased 5.0% YOY, while MasterCard rose 15.7% YOY for FX GDV in the third quarter. Cross-border volume refers to payments and cash volume where the issuing country…

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All Consumer Credit Card Fees

Credit Card Fee Income Up 4.4% to $94.3 Billion in 2015

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Credit card fee income rose 4.4% year-on-year (YOY) in 2015, topping $94 billion. Fees in every component increased with the exception of penalty fee income with decreased slightly. R.K. Hammer estimates that the card business saw a fee income increase of $4 billion in 2015 compared to 2014. New regulations and…

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Barclaycard US has named a new CEO. Curt Hess has been covering the role on an interim basis since May last year.

Barclaycard US Finally Decides on a Permanent CEO

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Barclaycard US has named a new CEO. Curt Hess has been covering the role on an interim basis since May last year. Hess has been with Barclays for eight years, most recently holding the position of Chief Financial Officer for Personal and Corporate Banking in London. He has also served as…

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Digital Remittance on Fire as Remitly Likely to Top $1B

Digital Remittance on Fire as Remitly Likely to Top $1B

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Seattle-based independent digital remittance company, Remitly, reports it is on track to transfer $1 billion annually based on the rate of transfers in December. This represents an increase of more than 400% from January 2015. Remitly offers money transfers from the United States to the Philippines, India and Mexico, which alone…

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Visa Checkout Expands with Starbucks & Walgreens

Visa Checkout Expands with Starbucks & Walgreens

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Starbucks, Walgreens, NFL Shop, HSN and Match are among the new merchants taking advantage of Visa Checkout’s ability to deliver seamless digital payments. Walmart.com will also begin supporting Visa Checkout this year. More than 10 million consumer accounts and 600 financial institutions in 16 countries have signed up to use Visa…

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Reflexis StorePulse to Run on Bluebird Windows 10 Tablets

Reflexis StorePulse to Run on Bluebird Windows 10 Tablets

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] South Korea-based Bluebird, manufacturer of Bluebird handheld computers, tablets, and mobile payment devices, has teamed with Reflexis Systems, a pioneer in real-time store execution and workforce management software. The partnership provides access to Reflexis StorePulse from Bluebird’s tablets and mobile computers, operating Windows 10—from anywhere on the sales floor or even…

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China UnionPay Smashes New Year’s Day Volume Record

China UnionPay Smashes New Year’s Day Volume Record

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] China UnionPay reports transaction volume on its payments network set a new record during the 2016 New Year’s Day holiday (from January 1 to 3). Volume and transactions reached 348.64 billion Yuan and 250 million respectively, up by 26.2% and 16.4% respectively year on year. Among these transactions, offline transactions made…

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Quatrro Processing and Emailage Team to Target Chargebacks

Quatrro Processing and Emailage Team to Target Chargebacks

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Atlanta-based Quatrro Processing and Emailage have formed a partnership to empower both parties in leveraging their combined service offerings to provide end-to-end fraud and chargeback solutions that are tailored for merchants of all sizes. Emailage has access to more than 5 billion emails around the world with global coverage for fraud…

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FTC - Federal Trade Commission Logo

FTC Snags CardReady & E.M. Systems for Card Laundering

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Federal Trade Commission and the State of Florida have charged CardReady, a payment processing business with credit card laundering and illegally assisting and facilitating a nationwide debt relief telemarketing scheme that allegedly bilked millions of dollars from consumers. When scammers cannot gain or maintain access to the credit card networks…

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