Comdata and CAT Scale Beef-Up Payment Capabilities for Weigh My Truck App

Comdata and CAT Scale Beef-Up Payment Capabilities for Weigh My Truck App

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Comdata is adding new payment capabilities for CAT Scale transactions within the Weigh My Truck mobile app. Truck weighs are an important industry practice for over-the-road drivers needing to comply with stringent weight regulations and avoid potential fines associated with overweight or misbalanced loads. Unfortunately, these necessary stops can also be…

Details
Over 2 Billion QuickPass UnionPay Cards Issued

Over 2 Billion QuickPass UnionPay Cards Issued

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] China UnionPay is expanding Cloud QuickPass overseas. There are more than 7 million QuickPass terminals in China. Nearly 180,000 POS terminals in Hong Kong, Macao, Taiwan, South Korea, Australia, New Zealand, Singapore and other markets have been enabled to accept QuickPass. In 2015, the overseas transaction volume of UnionPay QuickPass registered…

Details
MasterCard Identity Check Uses Daon's IdentityX Platform

MasterCard Identity Check Uses Daon’s IdentityX Platform

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] MasterCard is utilizing Daon’s IdentityX Platform as one of the authentication technologies behind MasterCard Identity Check. The app-based authentication solution, commonly dubbed “Selfie Pay” by the media, leverages a mobile device to secure online payments and mobile banking applications using fingerprint and facial recognition. MasterCard Identity Check employs a layered approach…

Details
Wells Fargo Card Portfolio Up but Charge-Offs Higher

Wells Fargo 4Q/15 PTX Up 14.6%; m-Users Soar 14.9%

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Wells Fargo fourth quarter (4Q/15) consumer credit card purchase dollar volume (PDV) rose 12.5% year-on-year (YOY) as purchase transactions (PTX) soared by 14.6%. Average consumer credit card 4Q/15 outstandings grew 9.3% YOY to $34.0 billion, compared to $32.3 billion for 3Q/15 and $31.1 billion for 4Q/14. Consumer credit card PDV for…

Details
Nishu Thukral

Pangea Money Transfer Promotes Nishu Thukral to CEO

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Pangea Money Transfer has ankled Nishu Thukral as chief executive officer and president. Thukral previously served as chief operating officer at Pangea. Additionally, Pangea has appointed Tracey Weinberg as head of marketing and Elizabeth Arnold as vice president of product management. In his new role, Thukral will leverage his extensive payments…

Details
MasterCard to Use AI for its U.K. Sales Team

MasterCard to Use AI for its U.K. Sales Team

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] MasterCard will be using artificial intelligence (AI) technology developed by Rainbird Technology, a startup from its current Start Path Global class, to develop a UK sales advisory tool. Rainbird’s software will capture knowledge and experience in the current sales function and encode it into software that learns with time and experience…

Details
Nexonia acquired ExpenseWatch

Nexonia acquired ExpenseWatch

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Nexonia has acquired ExpenseWatch, a provider of spend management solutions. The acquisition joins two organizations that offer feature-rich SaaS financial management solutions, highly configurable integrations and industry leading customer support. The Company says the acquisition demonstrates Nexonia’s ambition for innovation and growth in the cloud-based financial management marketplace, providing best-in-class products…

Details
Cubic & Transport for London Receive an Award

Cubic & Transport for London Receive an Award

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Cubic, along with Transport for London (TfL) received another major honor for London’s contactless bankcard system. After winning the ‘Technological Innovation’ award at the 18th annual Rail Business Awards. The premier event recognizes excellence and innovation in the United Kingdom’s rail sector. This is the eighth major award for Cubic and…

Details
Wirecard new Prepaid mycard2go with Visa Simply One

Wirecard new Prepaid mycard2go with Visa Simply One

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Germany’s Wirecard has introduced mycard2go, reloadable, can be used abroad and online. Issued by Wirecard Bank, it is the first Visa Simply One combined card, bringing together the functionality of a traditional credit card with that of a V PAY debit card. The solution combines high-level security in the form of…

Details
Grocery Chain ALDI Now Accepting Credit Cards

Grocery Chain ALDI Now Accepting Credit Cards

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] ALDI grocers, will now accept credit cards – including Visa, MasterCard, Discover and American Express – at all of its stores across the country. This move is yet another way ALDI is making grocery shopping as simple and enjoyable as possible for its more than 30 million customers each month. ALDI…

Details
WIPP and AmEx OPEN Comend Federal Government

WIPP and AmEx OPEN Comend Federal Government

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Women Impacting Public Policy (WIPP) and American Express OPEN have commended the U.S. Government’s achievement of awarding 5% of its annual federal contracts to women-owned small businesses. This is the first time since the goal was set more than twenty years ago. The five percent goal was put in place as…

Details