American Express is juicing up its Starwood Preferred Guest (SPG) Credit Card in August. With the enhanced product benefits, the new annual fee will increase from $65 to $95 effective August 11, 2015. The first year of Card Membership is free and $95 annually thereafter.
The worldwide wearable device market recorded its eighth consecutive quarter of steady growth in the first quarter of 2015 (1Q15). According to the International Data Corporation (IDC) Worldwide Quarterly Wearable Device Tracker, vendors shipped a total of 11.4 million wearables in 1Q15, a 200.0% increase from the 3.8 million wearables shipped in 1Q14.
Starting this fall, MasterPass from MasterCard will provide a simple and secure online shopping experience for the Wayfair family of brands as well as within the mobile apps for Wayfair.com, AllModern, and Joss & Main.
Visa and Verifone announced a partnership that will enable merchants to offer their customers a more streamlined, secure purchase experience across digital and face-to-face commerce environments, often referred to as omni-channel commerce.
X-Cart, a global provider of hosted shopping cart services for eCommerce businesses has teamed with Coinzone, a leading Bitcoin payment solution provider dedicated to making it easy for European merchants and consumers to use and accept digital currencies.
Pakistan will become the first foreign market to launch the UnionPay mPOS (Mobile POS) service.
The recent introduction of Samsung Pay and Android Pay as well as India and soon to be announced Brazil mobile payments is having a profound impact on mobile payments forecasts. CardData now expects global m-commerce will soar from $390 billion this year to $1071 billion in 2020.
Based on new regression analysis, based on non-parametric statistics, e-commerce is expected to top $3.6 trillion by 2020. Forecaster RAM Research now predicts global e-commerce will grow at a compound annual growth rate (CAGR) of 20.57%.
In today’s CardFlash News Que: IMG (office); Easy Solutions (Fundtech); CAPRA (Collupy); and INTUIT (EMV).
Patents disclosing a multi-purpose, multi-card reader with storage, display, and transmission capabilities, available from inventor Adrian Gluck, PhD are going up for sale.
Revel Systems introduced the proprietary Revel Ethernet Connect cabled solution providing wired Ethernet connectivity, allowing enterprises to utilize a wired, always-on Ethernet connection to power their Revel iPad POS systems and achieve more secure and robust networking as an alternative to WiFi.
CardWeb.com’s CardPixes database of more than 7,000 images today features the Isracard Group Platinum MasterCard.