Corcentric & FIS & Comdata Develop an Integrated Pay Solution

Corcentric & FIS & Comdata Develop an Integrated Pay Solution

Corcentric, a provider of cloud-based financial process automation solutions, has launched its newest product, an e-payments solution to help its customers further automate and digitize their payments processes. This integrated, end-to-end solution automates back-end accounts payable and payment transactions, processes all of a company’s disbursements, dramatically reduces accounts payable and payment costs and efficiently manages…

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Major 4 U.S. Credit Card GDV Up Nearly 7% YOY

Major 4 U.S. Credit Card GDV Up Nearly 7% YOY

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Gross dollar volume (GDV) for Visa, MasterCard, American Express and Discover cards (credit + debit) in the U.S. climbed 6.8% year-on-year (YOY) in 2Q/16 reaching a record $1482 billion.   Visa led the way in the second quarter posting a 9.0% YOY gain for U.S. GDV. Visa reported second quarter GDV…

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U.S. EMV Enabled Merchants to Topped 50% By EOY

U.S. EMV Enabled Merchants to Topped 50% By EOY

An estimated 44% of U.S. card-accepting merchants have EMV terminals. Less than a month away from the anniversary of the EMV liability shift, 29% of U.S. merchants are actually able to accept chip-based transactions. The Strawhecker Group (TSG) survey of payment processors and other payment providers also found approximately one-third of merchants have activated EMV…

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Briefs: MYC; CLEARENT; BLUEFIN; and YAPSTONE

In Other News: MYC (webinar); CLEARENT (exec); BLUEFIN (P2PE); and YAPSTONE (exec). MYC – Master Your Card (MYC) sponsored by Mastercard, announced a new webinar series on card acceptance, developed in partnership with the Association of Women’s Business Centers (AWBC). The webinars are based on input and feedback from small business owners on how to…

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eBay’s GittiGidiyor Selects Gravity R&D for its Platform

eBay’s GittiGidiyor Selects Gravity R&D for its Platform

eBay’s GittiGidiyor has selected Gravity R&D as its personalization platform provider. During an intensive test against eBay Turkey’s in-house solution and global competitors, Gravity demonstrated the best performance in all categories. Acquired by eBay in 2011, GittiGidiyor has evolved into one of the leading players in the rapidly growing, Turkish e-commerce market. In 2015, GittiGidiyor…

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Among Sub-Prime Credit Cards Limits Up - Delinquency Down

Among Sub-Prime Credit Cards Limits Up – Delinquency Down

Consumers credit card behavior improved since exiting the recession as evidenced by the growth of credit card limits in particular among the subprime credit card market. Yet, even with the solid improvements, the year-over-year figures indicate a slight increase in delinquency rates. Experian found the first six months of 2016 has shown that the total…

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Masii Quietly Launches to #2 Position for Credit Card Comparison

Masii Quietly Launches to #2 Position for Credit Card Comparison

One of Thailand’s most reputable businesses just made a substantial play for Southeast Asia’s online credit card and card insurance comparison market – which until now was dominated by foreign players. The 138-year-old multi-billion dollar Thai conglomerate, B.Grimm, began quietly piloting their new financial comparison platform, Masii, to users in Bangkok last month. The site…

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Fiserv Beefs-Up Payment Fraud Manager

Fiserv Beefs-Up Payment Fraud Manager

Fiserv’s Payment Fraud Manager now offers a new, advanced predictive scoring model specific to Automated Clearing House (ACH) transactions. Payment Fraud Manager detected more than 90% of fraud while reviewing only two percent of the transactions, according to Fiserv model validation tests. Built to help financial institutions detect and stop fraudulent electronic payments in real…

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