Chase Pay has hooked up with 18 tech companies to accelerate merchant acceptance. Chase Pay uses QR Codes.
An online shopping market place enabling purchases all kinds of merchandise offered domestically in Japan has been launched. Remambo offers a choice of millions of products.
China continues to lead the march to online and cross-border shopping habits. This year’s findings support the growth trend: 35% of online shoppers claim to have shopped cross-border in 2015, vs. 26% in 2014. China’s overall online shopping population saw modest growth (81% of online adults report having shopped online in the last 12 months in 2015, vs. 80 % in 2014)
The campaign by retailers to prod the card networks and banks to move to total Chip & PIN in the U.S. and away from Chip & SIG is gaining more traction. A group of nine attorneys general dispatched a letter to the nation’s top credit card companies and banks.
Synchrony Financial is now officially separated after GE stock exchange for $20.4 billion. The consummation of the exchange offer completes the transition of Synchrony, the largest provider of private label credit cards in the United States*, to an independent, standalone company.
In today’s CardFlash News Que: VECTOR (Sequent); AOC (3Delta); VODAFONE (Wallet) and UNIONPAY (Hong Kong).
On average, it takes between seven to 10 seconds to pay using a chip card versus two to three seconds to pay using a traditional swipe credit card in the U.S. At some Walmarts unless you have a PIN for the chip card it will not prompt for you for SIG credit.
Datacap Systems has completed US EMV level 3 certification with Chase Paymentech and released an EMV-capable version of NETePay available for download immediately.
Amsterdam-based Design SHIFT has collaborated with Geneva-based STMicroelectronics to integrate ST’s ST54D NFC controller in its groundbreaking privacy appliance, ORWL.
BBVA Compass is now offering its credit card clients real-time redemption of rewards earned on qualified purchases made at any retailer.
PayPal and Braintree named the $100,000 USD grand-prize winner of its 2015 BattleHack Series. The 24-hour BattleHack World Finals took place at PayPal Headquarters in Silicon Valley and hosted 14 teams of developers from across the globe, all winners of their regional BattleHack competitions.
MasterCard says the new startups comprising the first global Start Path class, include British AI business, Rainbird. During the six-month program, participants will obtain mentoring from MasterCard experts, access to the company’s commercial partners and the opportunity to integrate with MasterCard products and tools.