PayPal has made its acquisition of Paydiant official. Paydiant provides the mobile wallet platform for MCX whose members include many of the world’s largest retailers including Walmart, Target, Sears, Wendy’s, Exxon, CVS and many others.
Tapingo landed a $22 million investment led by Qualcomm Incorporated through its investment arm Qualcomm Ventures. DCM Ventures, Kinzon Capital, and existing investors Khosla Ventures and Carmel Ventures also participated in the round. The company will use the funding to accelerate its expansion beyond the college market, with the goal of transforming local commerce.
CardWeb.com’s CardData database of Company Profiles features debit card services provider DebitWay.
CardWeb.com’s CardPixes database of more than 7,000 images today features the EqualityCard Visa issued by First American State Bank.
The payment industry earnings season kickoffs on April 14th with the release of first quarter for Chase and Wells Fargo. RAM Research’s DataDates says all of the big issuers will report over a period of seven consecutive business days in April.
Online pre-orders for the new Apple Watch begin today but there is already a back log of four to six weeks. Meanwhile, Coupons.com has developed the first-of-its-kind savings and digital promotions app for the Apple Watch.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Keith Birdsong, Chief Technology Officer of Pivotal Payments.
Google has added Dunkin Donuts and Seamless to Android users of Google Wallet. Dunkin’ Donuts guests can recharge their cards with a couple of clicks (no card rekeying) and Seamless customers will start to see the Google Wallet payment option available in their Android app, for an array of 80+ cuisine types.
San Francisco-base Boku has launched direct carrier billing with the top five carriers in Taiwan: Chunghwa Telecom, Far EasTone, Taiwan Mobile, Asia Pacific Telecom, and Taiwan Star.
China UnionPay International has launched an online ticket booking service with UnionPay credit cards in cooperation with Taiwan High Speed Rail. Also, CUPI launched a UnionPay card payment service for shopping on China Airlines flights.
Bulgarian payment cards will likely hit 9 million cards-in-force (CIF) this year growing at a compound annual growth rate (CAGR) of 2.08%. Transaction value is expanding at a CAGR of 7.33%, rising to BGN16.3 billion (US$8.7 billion) in 2014.
Visa and MasterCard control 98% of the U.S. debit and bank-issued prepaid card market and it continues to grow faster than credit cards by 210 basis points (bps). RAM Research projects U.S. debit and prepaid Gross Dollar Volume (GDV) will grow from $2.6 trillion this year to $3.5 trillion for 2019.