First Data to Acquire Gyft, the Leading Digital Platform for Gift Cards Using Mobile Devices

Posted on by wademinnie | 8792 Views | 16 min read

First Data, the global leader in payment technology and services solutions, has taken a key step to provide consumers with spending flexibility and help businesses grow through the acquisition of Gyft Inc, the Silicon Valley-based company that entered the $100 billion gift card market in 2012 and pioneered the concept of a mobile wallet for

Visa Enhances Industry Fraud Detection on Prepaid Cards

Posted on by wademinnie | 9626 Views | 10 min read

Visa Inc. has announced that it has completed technical development of a new service aimed at detecting and preventing fraud schemes that target the use of prepaid cards. Visa’s Prepaid Clearinghouse Service (PCS) is a centralized database that allows financial institutions, processors and prepaid program managers to share prepaid card data such as enrollments, load