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- Kabbage Inc. launched Kabbage Payments, a payments service for small businesses. Kabbage provides merchant lending and uses a payment-facilitator model for the Kabbage Payments subsidiary.
- American Express Co. revamped its 50-year-old Green Card with a new suite of benefits and rewards. Now called Green from Amex, the card’s fee is $150, up from the previous $95.
- Despite security concerns, 56% of U.S. consumers save their credit or debit card data on a retailer’s or service provider’s Web site, while 32% have saved this information on a mobile-payments app, according to research from Bankrate.
- Credit-union service organization PSCU released its annual “Eye on Payments” study that found 45% of the more than 1,750 consumers surveyed cited debit cards as their preferred tender.
- Online marketplace eBay Inc. said the managed payment platform it launched a year ago has handled $1.1 billion in payments since that time, including $500 million in the third quarter alone, for more than 20,000 sellers. The platform, which eBay has now launched in Germany, accounted for 9.4% of U.S. volume in September.
- Fiserv Inc. announced CheckFree Next, a set of application programming interfaces aimed at simplifying consumer bill pay at financial institutions’ sites. The technology will also enable real-time funds transfer later next year, Fiserv said.
- Mastercard Inc. launched what it calls its Data Responsibility Imperative, which propounds six principles for the collection, management, and use of data.
- In related news, Mastercard said fintech card issuer Brex has designated Mastercard as its preferred network for its U.S. corporate card portfolio. The news builds on a relationship that started earlier this year when Brex began issuing the World Elite Mastercard for Business.
- Bank of America Corp. released an updated mobile-banking app that includes new payment card security features.
- Payments and business-management software provider Square Inc. named Amy Brooks, chief innovation officer of the National Basketball Association, to its board of directors.
- In related news, The simPRO Group Pty. Ltd., a software developer for the trade and specialty contracting industries, announced a mobile-payments service with Square that will enable field service businesses to accept card payments at the time of service.
- Payments-technology provider Pineapple Payments launched a revamped Web site.
- Payrailz, a payments provider for financial institutions, said it appointed payments veteran Gereen Langmeyer vice president of products.
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