Revel Systems, an iPad POS specialist, has snagged a big strategic partner deal with Cinnabon, a national bakery.
Barclaycard has unveiled the launch of its unlimited cash rewards credit card, the Barclaycard CashForward World MasterCard. Cardholders earn unlimited 1.5% cash rewards on every purchase and a 5% redemption bonus to use toward their next redemption every time they redeem.
Nodus Technologies’ PayLink developed by Professional Advantage, Collections Management for Microsoft Dynamics GP speeds up the collection process, decreases security risks, and provides customer convenience. it has the processing power to improve cash flow, diminish collection time and reduce bad debt.
Australia’s Mint Payments is now using Thales payShield hardware security modules (HSMs) for encryption and key management to secure Mint Payments’ mobile payments solutions.
Bank of China has unveiled its first US-themed Great Wall Global Pass travel mate credit card for mainland China. Bank of China had issued Hong Kong-Macau-Taipei-themed, South Korea-themed, Japan-themed and Southeast Asia-themed Great Wall Global Pass travel mate credit cards.
Fraud average ticket value (ATV), or a retailer’s average size of individual sales by credit card, has decreased by $9.00 over the past year from $282 to $273, however the frequency of fraud has increased and it is also driven by lower shipping costs.
Cash transactions (CTX) for Visa and MasterCard credit and debit cards in the U.S. grew by 0.8% year-on-year (Y/Y) in the third quarter. Visa cash transactions are growing at a year-on-year (YOY) rate of 0.5%, compared to MasterCard’s 1.5%, according to CardData.
CardFlash News Briefs: CREDIT KARMA (scores); GPN (Apple Pay); VIRTUAL PIGGY (execs) and NFC Forum (white paper).
Globe Sherpa and the San Francisco Municipal Transportation Agency (SFMTA) unveiled a new smartphone application for Muni fares systemwide. With the new MuniMobile app, a rider’s fare may be purchased on most smartphone devices.
Tencent’s WeChat has become the first social communication application to provide a technology platform to support person-to-person cross-border money transfer capabilities to more than 200 countries and territories. WeChat U.S.users can now access Western Union’s WU Connect platform.
Innovecs opened the first Blockchain competence center based on outsourcing technology company. Thus, Innovecs will develop new and integrate existing financial and technological solutions and services on the basis on Blockchain for global clients.
A new study has discovered American consumers want more from their banks than apps — they want advocates. Also, 70% of consumers across all generations (85% of millennials) believe banks current with the latest technology are more trustworthy than banks that lag.