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Shift4 and MI9 have announced a partnership that combines Shift4's payment gateway and tokenization services with MI9's retail point-of-sale (POS) and back office management system.
The US Federal Reserve has reported its latest G.19 Consumer Credit statistics - finding that "Consumer credit was little changed in November. Revolving credit decreased at an annual rate of 6-1/4 percent, and nonrevolving credit increased at an annual rate of 4-1/4 percent."
Visa has announced "significant improvements to its security capabilities which will dramatically improve its ability to detect and prevent global electronic payments fraud. Upgrades to Visa's global processing platform – VisaNet – have allowed Visa to develop new fraud models that enhance the speed and accuracy with which Visa detects attempted payment card fraud. An analysis of past global transactions suggests Visa's enhancements could help identify $1.5 billion in fraud, representing a 29 percent performance improvement from 2009."
Headline News is compiled by Glenbrook Partners:
Note: Throughout the day, as we spot interesting developments, this post is updated.
Offermatic has announced an expanded and improved automatic rebate platform with new deals and more merchants. "The company has seen rapid growth during the past month, and based on user feedback and merchant demand, has quickly innovated the platform and expanded its list of merchants offering deals. Offermatic now offers deals from 150 merchants, up 100% from 75 merchants at launch" last month.
Ingenico has announced its Ingenico On-Guard payment transaction encryption and tokenization service. "Built on the industry accepted standards of 3DES DUKPT for point-to-point encryption (P2PE) and host-based tokenization technology, Ingenico On-Guard provides secure transaction processing and stored data security, pre and post-authorization, by encrypting and tokenizing card data at the point-of-sale."
Citi and Dynamics Inc. have announced their "plans for Dynamics’ Card 2.0 technology - the 2011 International Consumer Electronics Show (CES) Best of Innovations Winner for Personal Electronics – to power a new Citi credit card, the Citi ThankYou Prestige 2G Card, which Citi intends to pilot later this year."
Headline News is compiled by Glenbrook Partners:
Note: Throughout the day, as we spot interesting developments, this post is updated.
CashEdge has announced that Fifth Third Bank will launch Popmoney, CashEdge’s person-to-person email and mobile payments service, to its customers. The service will be offered online through Fifth Third’s online banking platform www.53.com beginning in mid-2011.
Citi Cards has announced that it is introducing "Citi ThankYou(SM) Cards, a new line-up of credit cards that offers enhanced features and benefits so cardmembers earn more as members of Citi's award-winning ThankYou Rewards program. Customers will have the ability to choose the card level that best suits their needs -- whether it means a card that provides additional point earning opportunities in select categories, no expiration of points at all, no fee for foreign purchase transactions and even complimentary companion travel."
NICE Actimize has announced that Green Dot has selected a number of NICE Actimize's risk management solutions, including Card Fraud, AML Suspicious Activity Monitoring, Know Your Customer (KYC) Due Diligence and Enterprise Risk Case Manager.
Headline News is compiled by Glenbrook Partners:
Note: Throughout the day, as we spot interesting developments, this post is updated.
Looks like Mobile Payments will be a big theme in 2011:
TSYS has announced that it has acquired the remaining 49% interest in First National Merchant Solution (FNMS) from First National Bank of Omaha (FNBO). The company will be rebranded as TSYS Merchant Solutions. TSYS formed a joint venture with FNBO in April 2010, when it acquired a 51% controlling interest in the direct merchant acquirer and transaction processor. FNMS is ranked as the 10th-largest merchant acquirer in the U.S. by dollar volume in 2009.
Headline News is compiled by Glenbrook Partners:
Note: Throughout the day, as we spot interesting developments, this post is updated.
A recent study by Pew Research indicates that "nearly two-thirds of internet users (65%) have paid to download or access some kind of online content from the internet, ranging from music to games to news articles."
The average expense for those who have paid for content was approximately $47 per month for material downloaded or accessed, including both subscriptions (an average of $12 per month) and individual file access (an average of $22 per month). However, some extremely high-end users push the average higher, with most purchasers spending about $10 per month.The full report is available here.
Lending Club and PerkStreet Financial have announced the launch of a 'Shred Your Credit Card' contest.
The contest inspires consumers to end the cycle of credit card debt once and for all by destroying their credit cards. Rewards of up to $1,000* will go to the contestants who devise the most creative way to destroy their credit cards and share the video. Entries can be submitted and viewed at www.shredyourcreditcard.com.* All prizes will be paid with Visa Gift Cards, terms and conditions apply.
Western Union has announced it has signed an agreement to acquire Angelo Costa S.r.l., one of its leading money transfer network agents in Europe.
"Angelo Costa manages relationships with over 7,500 subagent locations across several countries in Europe. Western Union currently owns 30% of the company, and will acquire the remaining 70% for a cash purchase price of 100 million Euros."
Headline News is compiled by Glenbrook Partners:
Note: Throughout the day, as we spot interesting developments, this post is updated.
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