San Francisco-based Cointent has raised $1 million in its initial funding to become a provider of micropayments to online publishers. The service would enable online content providers to sell individual articles, songs, videos, etc for as little as five cents.
Japanese advertisers will soon be able to close the loop and reward customers for in-store transactions, in order to drive more sales from international shoppers. Currently, advertisers in Japan can only provide such services when shoppers make purchases online, but not in physical stores.
China is finally opening up its credit card clearing market to outside players. As of June 1, foreign firms will be able to set up clearing companies within China and apply to the central bank for a license to operate domestically.
Purchase Dollar Volume (PDV) for Visa, MasterCard, Discover and American Express U.S. debit cards is expected to reach $2.7 trillion annually by year-end 2019. According to forecaster RAM Research, the U.S. PDV for the U.S. debit card industry is growing at a CAGR of 7.70%.
eBay’s PayPal net total payment volume (TPV) for the first quarter grew 18% year-on-year (YOY) to $61.4 billion. PayPal gained 3.7 million new active registered accounts to end the quarter at 165.2 million, up 11%
In today’s CardFlash News Que: MM HAYES (Quickcharge); BLUEPOINT (MDT); NEW MEDIA (funding); and HP (FireEye).
CardWeb.com’s CardWatch database of more than 57,000 marketing items today features the Standard Chartered PIA CoBrand Credit Card TV spot.
CardWeb.com’s CardData database of Company Profiles today features Trustonic.
TSYS joins the growing list of acquirers to offer enablement of full service payment processing under American Express OptBlue, the small merchant acquiring program from American Express.
Uber is now part of Capital One’s Quicksilver program. Quicksilver cardholders will receive 20% back as a statement credit on all Uber rides through April 2016 when they pay using their Quicksilver or QuicksilverOne card.
CardWeb.com’s CardData Reports today features the “Mobile Money Market” report from MarketsandMarkets. The report defines the global market based on various transaction modes, nature of payments, location types, types of purchases and industrial verticals with an in-depth analysis and forecasting of market sizes.
The Smart City App Hack sponsored by FIWARE and MasterCard has confirmed Dubai, Barcelona, Helsinki and Ghent will participate. The cities will join forces aiming to create a network of citizens that will collaborate in designing and building the Smart Cities of 21st century, through mobile app development.