In this age of breaches, tokenization may provide consumers with peace of mind.
Des Moines, Iowa-based payments innovator Dwolla announced on Oct. 22 a rollout of a new credit product that will allow approved customers to access credit and spend it online at a network of merchants.
Service replaces interchange fees with direct credit to participating merchants.
First comes the notification that your personal data have been compromised in a data breach. And as sunset follows sunrise, increasingly that notification is followed by actual dollar losses in fraud on personal accounts, said Javelin Strategy and Research in its recently released 2013 data breach fraud impact report.
Think firm finds that 23% of data breach victims in 2012 then became fraud victims.
Michigan credit union goes through PSCU to become first to pilot new MasterCard service.
Over the past couple of weeks, bits and pieces have leaked out about a new commercial loan pilot program from Amazon Inc. and how the online retail behemoth’s entry into the small business lending could put credit unions, banks and other lenders on high alert.
Whether Amazon.com’s commercial lending pilot program succeeds will be determined over time and how its underwriting terms stack up against banks, credit unions and others.
Financing may include expanding relationships with credit unions.
A year after Kabbage Inc. launched a program that links social media and loyalty to woo small business customers, the company said it discovered some unexpected patterns.