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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Online Payment Transactions Eating In-Store POS

Online Payment Transactions Eating In-Store POS

With the steady rollout of EMV and NFC at in-store POS terminals, the launch of retailer apps that allow mobile checkout (e.g., IKEA), and the development of alternative networks, the retail POS payments landscape is forever changed. Macy’s and Walmart are just a few of the big names offering consumer the opportunity to purchase online…

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Briefs: AMS; BLUEFIN; VPIG; and FIS.

In Other News: AMS (ISO); BLUEFIN (P2PE); VPIG (ROK); and FIS (Cardless). AMS – Applied Merchant Systems continues to develop its integrated electronic payment processing platform while consolidating with other growing merchant acquirers, or independent sales organizations. In that pursuit, AMS expanded its senior credit facility with Goldman Sachs Specialty Lending Group and Business Development…

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UnionPay & Russia’s NSPK to Issue MIR Debit Cards

UnionPay & Russia’s NSPK to Issue MIR Debit Cards

UnionPay International and NSPK signed an agreement in Shanghai to jointly promote the participating banks of NSPK to issue UnionPay-MIR debit cards so as to provide new payment options for the local residents’ daily life and global travels, and to better support Sino-Russian communication. NSPK, established by Central Bank of Russian Federation in 2014, is…

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