Friday , September 20, 2019

News

August, 2019

  • 8 August

    Sales Partners: Driving a simplified ISV sales strategy

          Independent software vendors (ISVs) are busy trying to build customized products, account for the end-user’s experience across multiple markets, and drive sales. ISVs also face issues like timeliness, usability, and scalability – all while the demands of a new consumer segment (Gen Z, etc.), and an evolving …

  • 8 August

    With Chase Rollout Completed, Cardlytics’ User Base More Than Doubles

    With the addition of megabank JPMorgan Chase & Co. as a customer fully completed, marketing services provider Cardlytics Inc. on Thursday reported that it had an average of 120.1 million monthly active users on its platform as of June 30, up 104% from 58.8 million users a year earlier. Atlanta-based …

  • 8 August

    Wall Street Punishes Green Dot As Growth Slows

    Photo by Rick Tap on Unsplash

    Green Dot Corp.’s shares plummeted Thursday morning after the company reported a slowdown in year-over-year revenue growth and a drop in active accounts that surprised some observers. The Pasadena, Calif.-based company, which specializes in prepaid products and banking services, reported adjusted second-quarter revenue of $265 million, up 5% year-over-year but …

  • 8 August

    3dcart Adds ClearSale Option and other Digital Transactions News briefs from 8/8/19

    ClearSale, an online fraud-prevention provider, said online shopping cart 3dcart will offer ClearSale services to its merchants.Payrailz, a payments provider to banks and credit unions, announced it has launched a credit-union service organization (CUSO) called CU Payz.Payments-technology firm Verrency said it has collaborated with Coinify, a digital-currency payments provider, to allow banks …

  • 7 August

    Consumers Are Receptive to the Unconventional Apple Card, Separate Studies Show

    Apple Inc.’s new Apple Card is an unconventional animal with what some observers call ho-hum rewards, but separate studies released Wednesday show the card nonetheless could make a big splash. Research firm J.D. Power said its late June survey found “awareness is already remarkably high” for a product that offers …

  • 7 August

    Eye on Earnings: CPI’s U.S. EMV Card Boost; EVO Notes Higher Revenue

    Dual-interface credit and debit card sales lifted CPI Card Group Inc.’s second-quarter sales figure, the company reported Wednesday. As the nation’s issuers increase their orders for the near-field communications-equipped chip cards—the cards can be dipped into a point-of-sale terminal or tapped against compatible devices to do a transaction—Littleton, Colo.-based CPI …

  • 7 August

    InComm in L.A. Transit Retail Expansion and other Digital Transactions New briefs from 8/7/19

    Prepaid card program manager InComm said it is working with the Los Angeles County Metropolitan Transportation Authority to expand from 450 to 2,000 the number of retail locations where riders can buy and reload the transit system’s TAP cards. The expansion is expected to be complete next year.Associated Bank launched a digital checking …

  • 6 August

    Mastercard Paying $3.2 Billion To Nets To Enhance Its Real-Time Payment Services

    As the Federal Reserve embarks upon its journey to becoming a real-time payments provider with its planned FedNow service, Mastercard Inc. on Tuesday announced the biggest acquisition in its history, one the network says will strengthen its real-time, bill-payment, and related services. Mastercard said it has a deal to buy …

  • 6 August

    Apple Card in Limited Release and other Digital Transactions News briefs from 8/6/19

    Apple Inc. made its upcoming Apple Card available to the public on a limited basis. The full rollout of the card—which was unveiled in March, is issued by Goldman Sachs Group Inc., and runs on the Mastercard network—is expected later in the month.Automated clearing house network administrator Nacha said it is “committed to working cooperatively …

  • 5 August

    It’s Official: The Fed Is Jumping Into Real-Time Payments With FedNow

    Ending months of speculation, the Federal Reserve confirmed Monday it will launch a real-time payments service by 2023 or 2024. The banking regulator, which also published Monday a notice in the Federal Register outlining its plan and requesting comment, will thus take what it says is its biggest move in …

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