MASTERCARD MEA 2013

Middle East and Africa segment of MasterCard’s Asia-Pacific-Middle East-Africa region (APMEA) iexploded in 2013 with a number of new cards entering the market, proliferation of mobile payments and Shari’a compliant MasterCards. At the end of the third quarter there were 410 million cards issued in the APMEA region. Gross dollar volume for the third quarter was $410 billion. MasterCard will release fourth quarter and annual results on January 31 before the market opens.

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Mocapay Reissues Technology Patents

Mocapay reissued its cornerstone patent that offers merchants a single-use, perishable token for mobile transactions. This mobile payment methodology ensures the security of sensitive consumer information for any type of transaction while providing merchants with the marketing intelligence to better understand and influence customer-spending behavior. Additional patents have also been recently issued including the payment card emulation or “spoofing,” mobile marketing messaging and gift-a-friend patents. The original cornerstone patent was approved in 2010 and was recently reissued. The technology assigns each transaction a single-use and/or perishable token or code, which is then delivered to the mobile phone of the consumer authorizing the transaction in one of the most secure methods in the industry.

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Fundtech Appoints Head, Cash Management

Fundtech announced it has hired Michael F. Jackson, Head of Americas Cash Management, brought on to lead Fundtech’s cash management business in the Americas as the company invests in and expands the business in this market. Jackson brings to Fundtech more than 25 years of experience in financial services, in areas including product strategy and product management, enterprise application software development, professional services, customer support, and bank operations. He was most recently Vice President of ACI’s Electronic Bill Presentment and Payment (EBPP) group. Before joining ACI he held various senior roles with S1 Corporation, including General Manager of the firm’s Americas Channel where he was instrumental in the design and development of S1’s Corporate Banking Application.

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Oink Payments Accelerates Beyond 1 Million Consumers

Virtual Piggy and Oink announced that over 1 million users have signed up for their family wallet solution to shop online. Oink online payment technology allows teens and tweens to shop in a manner compliant with the FTC and other international regulations. The majority of Oink consumers are teenagers, with over 80% in the United States. Oink currently offers several online shopping and gaming destinations, and will be adding additional leading brands and secure in-store purchasing in the near future.

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i2c Clients Win Awards for Prepaid Excellence

i2c clients Banco do Brasil Americas and SE Giftcards were each awarded a Paybefore Award for their innovative prepaid programs. The awards are presented annually by Paybefore, whose publications are the leading source of industry information for the global prepaid and emerging payments community. The companies use i2c’s global commerce and prepaid processing platform to power their programs. A judging panel comprised of prepaid industry experts selected this year’s winners from a record number of applications. Banco do Brasil Americas won in the “Better Way” category for using prepaid to achieve significant process improvements. The bank’s multi-currency scholarship disbursement card has accelerated funds availability for cardholders and simplified the process of sending and receiving scholarship disbursements globally.

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Penalty Fees Drop Again

Penalty fees paid by consumers last year took another dip. After rising predictably year/year for most of the last decade, 2010 saw the first penalty fee decline, down from $23.9B to $22.5B, with 2011 showing a further drop to $19.4B, 2012 dropping again to $17.8 B, and in 2013 falling to $12.0 B, according to the R.K. Hammer Card Penalty Fee Index, the lowest level since Hammer began tracking such fee trends. This is the fourth in their weekly series of seven year-end card trend papers, each one covering a different financial, marketing or operational card metric.

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Conference Economic Index Hits Fever Pitch

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Conference Board Leading Economic Index for the U.S. was up 0.1% in December to 99.4 after a 1.0% increase in November and a 0.1% increase in October. This improvement is a clear reflection of gradually strengthening economic conditions through early 2014. Consumer expectations for business conditions and residential construction continue…

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American Express 2013

Gross dollar volume for U.S. American Express cards rose 8% in 2013 to $637.0 billion, compared to full-year 2012. The average U.S. basic cardholder annual spend increased from $16,425 in 2012 to $17,211 last year or a 5% increase. AmEx ended the year with a 30+ day delinquency rate of 1.6% for U.S. cardholders, down 20 basis points from one year ago. The U.S. charge-off rate declined 30 basis points from Q4/2012 to 1.5%.

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CardLinx CEO to Present at Goldman Sachs Technology Conference

The CardLinx Association will share insights on this rapidly growing sector at the Goldman Sachs Technology and Internet Conference. Silvio Tavares, CardLinx President and founding CEO, along with the following CardLinx board members, will participate in a panel presentation titled “The Convergence of Advertising and Payments.” The presentation will take place on Wednesday, February 12th at 9:00 am. Card-linked offers stand at the unique intersection of the payments, social media, advertising, and retail industries. As the “offers” space has become more popular, consumers have often found it cumbersome to take advantage of the variety and amount of offers available.

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Datum Datacentres Meet PCI DSS Compliance

Datum Datacentres is now PCI DSS compliant. Datum provides secure co-location to enterprise and service providers within its highly resilient data centre. The Datum PCI is underpinned by its secure facilities, specific and documented processes, advanced technology and by its people. Focusing on robust and comprehensive standards to enhance payment card data security, the PCI Security Standards council helps organisations ensure the safe handling of cardholder information at every step. The keystone is the PCI DSS which provides a framework for developing a robust payment card data security process.

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RMB breaks into the top ten most-used currencies for payments

A symbolic milestone has been achieved by the Chinese currency, as in both November and December 2013 it was one of the top ten most-used currencies for payments in terms of value.
Over the past three years, the RMB overtook 22 currencies, most recently the Singapore Dollar and the Hong Kong Dollar, and is now trailing the Swiss franc 1.12% to 1.29%. RMB payments remain concentrated in Hong Kong, which has a 74% market share in terms of value, with strong growth seen in the United Kingdom, Singapore and Taiwan.

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Rev Worldwide and UnionPay International Announce Prepaid Partnership

Rev Worldwide and UnionPay International announced Rev Worldwide is now a UnionPay International registered non-bank third party service provider focused on prepaid products. The relationship seeks to grow prepaid market opportunities around the world, leveraging Rev’s proprietary global processing platform, prepaid product set, program management services, mobile and multi-currency platform innovations, along with UnionPay’s international issuer network, leading merchant acceptance network in China, and corporate partnerships. Rev’s proprietary processing platform is currently utilized across the world, responsible for various firsts in the global prepaid industry, and has integrated services that have pushed the travel, mobile and general purpose reloadable segments forward. Beyond its global payments processing capabilities, the company provides key program management services and overall strategic support to partners, allowing them a faster time to market with more flexibility, from product design to implementation and growth.

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