MasterCard & Apple Pay Hit Switzerland & Hong Kong

MasterCard & Apple Pay Hit Switzerland & Hong Kong

MasterCard is bringing ApplePay to its Swiss and Hong Kong customers and cardholders. MasterCard contactless (NFC) in Switzerland has more than 100,000 locations including Migros, Coop or Kiosks. More than 3 million contactless purchases are made every month, up 100% compared to the previous year. MasterCard is working with several Swiss banks and card issuers to enable…

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Walmart Kicks Visa Out of Canada Stores in July

Walmart Kicks Visa Out of Canada Stores in July

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Walmart Canada is gearing up for a war with Visa as the retail behemoth is now informing customers it will cease accepting Visa cards starting mid-July. Walmart Canada says Visa fees are “unacceptably high.” Walmart Canada says it pays over $100 million in fees annually to accept credit cards. WALMART NOTICE:…

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S&P Average Correlates with Card Profits

S&P Average Correlates with Card Profits

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Credit card profits have rebounded nicely during the recovery period following the Great Recession. According to R.K. Hammer’s Card Knowledge Factory, the pre-tax ROA (return on assets) for credit cards, during the Great Recession (2008-2009) averaged 2.88% (between 1.50% and 4.25%), while the S&P 500 averaged 1009, (2008 EOY at 903…

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Intellicheck Lands Patent for Biometrics

Intellicheck Lands Patent for Biometrics

Intellicheck Mobilisa has been awarded a U.S. Patent that governs the two-factor fingerprint biometric identity process that authenticates an identity card with embedded fingerprint biometric information and the live biometric information of a person presenting the card. The patent has sweeping implications because it covers the process at the heart of the leading biometric fingerprint…

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Mozido & MoneyGram Launch Mobile Wallets

Mozido & MoneyGram Launch Mobile Wallets

Mozido is powering international remittances for mobile wallet users in Sri Lanka.  Mozido has partnered with MoneyGram in this groundbreaking service. Mobile customers of Dialog, Etisalat and Hutch in Sri Lanka registered with eZ Cash, the world’s first inter-operable mobile money service, can now receive international remittances through their eZ Cash mobile wallet. This provides…

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