CardWeb.com’s CardWatch database of more than 57,000 marketing items today features the Capital One Spark Business “Baseball Tickets” TV ad.Details
The largest private credit reporting agency in Malaysia
will offer FICO Scores to all its clients beginning early 2015.
The CTOS-FICO Consumer Credit Score is created by analyzing the information found in CTOS’s comprehensive credit information database.
Semble will be using Gemalto’s Allynis Trusted Services Hub (TSH) to secure its mobile NFC services in New Zealand. Semble is a joint collaboration between major banks and all three operators in New Zealand serving as the aggregator for banks and service providers.Details
Russia and CIS payment services provider QIWI has inked a deal to acquire Money.Mail.Ru from Mail.Ru Group. Money.Mail.Ru is a payment service that allows users to make instant payments for goods and services via web interface or apps at any convenient time.Details
While consumers globally are concerned about the financial loss due to payment fraud, their chief concern is the time required to fix the problems created by fraud. This was the top concern for 68% of respondents in the US, 60% percent in Canada and 51% in the UK.Details
US federal proposals released tighten regulation of the prepaid card market may spur a consolidation of small, high-fee prepaid issuers who may be less transparent or uncompetitive, while boosting low-cost, more transparent providers, according to Fitch Ratings. The new consumer-friendly rules should further bolster growth in prepaid card usage by enabling consumers to more easily make informed decisions on card fees and features. Among the many prepaid issuers in the US, fee structures can vary widely and standardized disclosures may push consumers toward lower cost, greater feature providers. We do not believe the new rules pose a serious threat to major card issuing banks, given underlying prepaid customer demographics and actions taken by banks to offer their own prepaid cards. Prepaid card account consumers are gaining new protections that move the cards nearer to having the same disclosure and reporting protections that credit card users enjoy. The total fees paid for prepaid credit products would not be allowed to exceed 25% of the credit limit. In an effort led by the Consumer Finance Protection Bureau, the protections would be promulgated under US Electronic Fund Transfer Act and The Truth in Lending Act of 2009.Details