British Columbia-based PayByPhone is disrupting the traditional parking landscape for cities and consumers. With the introduction of initiatives such as Google’s Sidewalk Labs, there is increasing pressure on technology developers to provide better solutions for urban living.
Toronto-based BitGold has launched its payments platform in the US and US territories. US residents can sign up on the BitGold platform and buy, sell, or redeem gold using BitGold’s Aurum payment and settlement technology.
Tanzania’s largest bank launched its range of MasterCard debit cards, including the Tanzanite, Titanium and the first World Rewards card in the country.
Due to exponential smoothing purchase dollar volume (PDV) for Visa, MasterCard, Discover and American Express U.S. credit cards is expected to exceed $4.2 trillion annually by year-end 2019. According to forecaster RAM Research, the U.S. PDV for the U.S. credit card industry is growing at a CAGR of 10.1%.
Updated figures, based on regression analysis, shows gross dollar volume (GDV) for Visa, MasterCard, American Express and Discover cards (credit + debit) globally will rise 7.1% on a currency adjusted basis (FX) for the second quarter. RAM Research projects global GDV of $3587 billion for the second quarter.
In today’s CardFlash News Que: FIRST ANNAPOLIS (Schwarcz); SHIFT4 (TrueTokenization): COALFIRE (InstaMed); and TASKER (Flint Mobile).
CardWeb.com’s CardConferences today features the mPOS WORLD CONFERENCE, June 30-July 1, 2015 in Frankfurt, Germany.
Two of the world’s largest operating systems launched major updates to their mobile payments solutions this month. Both Google and Apple now have a solid platform in Android Pay and Apple Pay to enable frictionless mobile payments with integrated loyalty features.
Based on the data issued by the China National Tourism Administration, the purchase of outbound tourism in 2014 reached 115 billion USD (about 724.5 billion RMB), with year-on-year growth of more than 20%. At present, UnionPay cards have become the preferred payment brand of outbound Chinese tourists.
MasterCard announced that Rama Sridhar will take on the new role of Group Head, Regional Lead, Asia Pacific, Network, Processing & Security Solutions effective immediately. In this newly expanded regional role, Rama will take on responsibility for integrating the services of Network Products, Processing and Enterprise Security Solutions (ESS) into the regional go to market strategies.
CardWeb.com’s CardData Reports today features the “QR Codes: The Story in Numbers 2014” from Research & Markets.
Worldpay announced that its Dynamic 3D Secure (3DS) solution will soon be available to merchants. The solution offers e-commerce businesses greater transaction acceptance success whilst giving them more flexibility and control over fraud prevention.