Western Union Slips a Tad; U.S. Outbound Remains Strong

Western Union Slips a Tad; U.S. Outbound Remains Strong

Western Union (WU) fourth quarter (4Q/15) GAAP revenues, on a currency adjusted basis (FX), declined 1.3% year-on-year (YOY), while GAAP net income slipped 4.2% YOY. WU consumer-to-consumer (C2C) GAAP revenues FX declined 1.7% YOY, while consumer-to-business (C2B) GAAP revenues FX declined 5.8% YOY WU reported total GAAP Revenues FX of $1453.9 million for 4Q/15, compared…

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BRIEFS – FAPS; WALTZ; MERCATOR; and MASTERCARD

In Other News: FAPS (ASTREX); WALTZ (investors); MERCATOR (report); and MASTERCARD (China). FAPS – First American Payment Systems and UL Transaction Security have partnered together to offer ASTREX, a real-time payments simulator, to reduce development time and streamline EMV validation for ISVs and VARs. Paired with First American’s semi-integrated EMV solution, the testing environment will…

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CARD Act Produces Unintended Consequences for Lower Scores

CARD Act Produces Unintended Consequences for Lower Scores

New research suggests risk-based pricing stemming from the CARD Act (2009) and Fed 2008 credit card rule-makings have produced a 50% drop in annual credit card originations to lower-risk-score Americans. The new study by a senior fellow and a research associate at the Harvard Kennedy School of Government’s Mossavar-Rahmani Center for Business and Government, also…

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MCPS Ankles New SVP/CIO & Opens New Ops Center

MCPS Ankles New SVP/CIO & Opens New Ops Center

TX-based Merchants’ Choice Payment Solutions (MCPS), a/k/a Delta Card Services has ankled Robin Laskowski for the position of Senior Vice President and Chief Information Officer. MCPS also announced the opening of their new 30,000 square foot operations center. Before joining Merchants’ Choice, Ms. Laswkowski held the position of Client Solutions Director & Sales for SmartDog…

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Turbulent Presidential Campaign Impacts U.S. Biz Optimism

Turbulent Presidential Campaign Impacts U.S. Biz Optimism

Less than one-half of U.S. businesses are optimistic about the future. The dim outlook is tied to factors like the turbulent presidential campaign and the “will they or won’t they” Federal Reserve. According to the first quarter 2016 results of the Grant Thornton International Business Report, throughout the world, businesses are more pessimistic, with only…

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Verifone Point Classic & Revel iPad POS Integrated

Verifone Point Classic & Revel iPad POS Integrated

Verifone Point Classic has been integrated with Revel Systems’ iPad Point of Sale (POS) to simplify EMV acceptance and payment management for merchants. By seamlessly integrating with Verifone Point Classic, Revel allows its clients the choice to have their payment systems managed by Verifone. Combining world-class hardware and services into a flexible and robust managed…

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Blesh to Support Google's EID Beacon Frame Type

Blesh to Support Google’s EID Beacon Frame Type

San Francisco-based Blesh will fully support Google’s Eddystone Ephemeral Identifiers (EID), the new privacy/security Eddystone beacon frame type. Eddystone-EID begins the next chapter in the Eddystone beacon standard announced in July 2015 as an open, scalable Bluetooth low energy (BLE) beacon format. Signals broadcast by these Eddystone-EID beacons rotate and change frequently, allowing only authorized…

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