Android M-Pay App boon Expands Functionality in Spain, Ireland & Germany

Users of the Android mobile payment app boon are now able to use their virtual prepaid credit card, which can be topped up and which forms the basis of the app, for mobile online purchases. The app issued by Wirecard offers a transparent overview of the entire transaction process. Wirecard, a supplier of internet technology,…

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Increased Penetration of International Credit and Debit Cards in Casino Gaming

There has been a significant change in consumer behavior in the global casino gaming market. The increase in the popularity of gambling apps and social gambling are the major factors expected to propel the growth of the market during the forecast period. Vendors are leveraging the growth in internet using population and increasing adoption of…

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Small Business Optimism is Back on Track Driven by Good Holiday Sales

A new survey finds small business owners are preparing for weaker sales this holiday season, with only 23% expecting an increase in sales – down from 29% a year ago. Smaller businesses (with under $1 million in annual revenues) are driving the negative outlook, feeling less optimistic about holiday sales compared to their larger counterparts…

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Commercial Card Improvements: Controls & Compliance and Incentive/Rebate Programs

A new survey reveals numerous areas where Commercial Card providers can both educate and better serve their end-user clients. Solutions available today address top areas of concern such as control and security related to all product types. Solutions including automated compliance monitoring and mobile alerts are not yet commonly adopted by end-users but could address…

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Non-Profit Orgs w/Individual Contributions Suffer From Payments Information Gap

For organizations reliant on individual contributions, there has been a lack of information that could enable a better understanding of how, when and where donations are made.  This information gap keeps organizations from being able to develop efficient and effective fundraising efforts. To help, the Mastercard Center for Inclusive Growth is issuing its first edition…

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WEX Ankles Former Green Dot and Fiserv Executive to Lead Corporate Technology

ME-based, WEX, a provider of corporate payment solutions, has ankled David Cooper for the newly created role of chief technology officer. The role was created to lead all aspects of corporate technology. In this position, Cooper will spearhead corporate IT and platform strategy, enterprise architecture, program management, information security, and IT infrastructure operations. “David brings…

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New Tool Monitors Consumer Lending to Forecast Potential Future Risks

The Consumer Financial Protection Bureau (CFPB) has introduced Consumer Credit Trends, a web-based tool to help the public monitor developments in consumer lending and forecast potential future risks. The beta version of the tool covers the mortgage, credit card, auto loan, and student loan markets. The first Consumer Credit Trends release shows a sharp uptick…

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Opal Smart Card Ticketing System Future-Proofed for Open Loop Payments

Cubic is launching a trial, in early 2017, of an open loop payments ticketing technology to Sydney, Australia’s largest city. Cubic Transportation Systems inked a contract worth US$7.6 million, or AU$10.2 million, from Transport for New South Wales (TfNSW) for the trial. The trial will allow Sydney commuters of participating payment schemes to tap their…

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TSYS Fixture Bill Pruett Heads to Retirement as Gaylon Jowers Takes the Reins

TSYS confirmed the retirement of William Pruett as Senior Executive Vice President and President of TSYS’ North America Services segment, effective April 1st. A 40-year veteran of TSYS, Pruett started his career in the merchant area at Columbus Bank and Trust in 1976, and in 2011 assumed leadership of TSYS’ largest reporting segment. Under his…

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NFC and EMV Come Together for Standards in Public Transportation eTicketing

The NFC Forum has issued a new update of its Certification Program and white paper providing the Public Transport industry and device makers with the information and the assurance they need to deploy NFC-enabled smartphone eTicketing services with confidence. The publication of the NFC-enabled e-Ticketing in Public Transport: Clearing the Route to Interoperability white paper…

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Credit Cards Play a Vital Role in Small Business Survival & More So in 2017

Four out of five small businesses have a positive outlook and expect 2017 to be a good time to borrow funds to invest in their businesses. Nearly all have some type of business account with a financial institution including eight out of ten who have a business credit or charge card. Mercator Advisory Group fielded…

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Major Sub-Prime Credit Card Issuer Erects a New Headquarters in Las Vegas

Credit One Bank, one of the nation’s top sub-prime credit card issuers, broke ground on its new headquarters in Las Vegas. Scheduled to be operational by the end of 2017, the new headquarters can accommodate up to 500 new jobs, including technical, analytical and marketing positions. Credit One Bank offers a range of full spectrum…

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