Connected Vending Machines to Grow CAGR 17% to 24MM by 2021

Vending is quickly adapting to keep pace with evolving technologies, refurbishing used vending machines into digitized versions that include touchscreens, sensor technologies, and flexible payment methods. Coca-Cola, PepsiCo, and VE Global Vending look to expand distribution offerings and connect their machines to the Internet to increase operational efficiencies. The newly connected machines will allow operators…

Verifone Ankles a Mastercard Exec to Head Up its Indonesian Operations

Verifone has ankled Irni Palar as the general manager of its domestic operations in Indonesia. Based in Jakarta occupying a newly opened office facility, Palar spearheads Verifone’s commitment to providing world-class payment technology and collaborating with banks and its partner community in Indonesia. Irni comes to Verifone from Mastercard where she was the Indonesia director…

Chase YTD 2016 Merchant Processing Volume Explodes Beyond $1T

Chase crossed the $1 trillion mark in year-to-date merchant processing volume, a first in the firm’s history on December 11th at 11:06 p.m. eastern time. In 2014 the firm launched ChaseNet, a proprietary closed-loop network, and Chase Pay, the firm’s digital wallet, launched in November 2016. Merchant processing volume at the firm has grown annually…

JCB Merchant Acquiring Comes to Singapore via CIMB Bank and Wirecard

CIMB Bank Singapore and Wirecard have inked a License Agreement to begin JCB merchant acquiring services in Singapore. Through the partnership, JCB card acceptance facilities will be available at CIMB merchants. Having established similar collaborations in Malaysia and Indonesia, this new License Agreement extends the collaboration into other parts of Southeast Asia and enhances cooperation…