Wells Fargo & Co. on April 11 reported a jump in first quarter credit card penetration in its retail banking households, to 38 percent, up from 34.1 percent a year earlier. The issuer also noted a 9 percent jump in its overall average consumer credit...
JPMorgan Chase & Co.’s Card, Merchant Services & Auto unit on April 11 reported a 4 percent drop in net revenue for the first quarter ended March 31, to $4.5 billion. Net income also was down, by 15 percent, to $1.1 billion, driven by lower...
Ripple Labs is hoping to continue to gain support for a concept that moves away from monetary incentives. What makes this protocol different from mining is that the Ripple Protocol involves gateways and move money along something that’s called validators, which establish trust within the...
Fiserv, Inc. a global provider of financial services technology solutions, announced today a real-time electronic payments monitoring capabilities to prevent fraud. The solutions protect users from the increasing threat of payments fraud, to cover both international and domestic payments from the Automated Clearinghouse (ACH) and...
According to research from the World Economic Forum, SMEs account for 99% of the enterprises and two thirds of employment in OCED countries, making up a significant portion of each country’s economy. In the US, nearly all net job creation between 1997 and 2005 came...
Financial institutions now may offer their customers immediate access to funds via mobile or prepaid cards under a new initiative called GenNOW Fidelity National Information Systems (FIS) is offering its clients. FIS is promoting the product as a means to help banks and credit unions...
Needles are painful, no matter how you cut it. Healthcare payments, however, don’t have to be. InstaMed Go, is a new payments solution that will help providers reduce the payment pain of healthcare payments. InstaMed’s core business claims to help providers reduce time it takes...
We all know that mobile has had a dramatic effect on the entire banking and payments landscape, yet much of this is still evolving, with no clear signs on which solution will set the standard. Other pressures to change the way banks operate also continually...
The payments rumor mill is on fire with speculation that Square is up for sale. We thought it would be fun to take a look at the potential slate of Square’s suitors - what they bring to the table and why Square might want to...
