NY-based CardFlight is shipping its new EMV-ready chip card readers to resellers for its SwipeSimple mobile point of sale solution. The Company also announced POS Portal will be a launch partner in distributing CardFlight’s EMV-ready solutions.
Citibank unloads another international unit including its credit card business in Nicaragua. Grupo Financiero Ficohsa (GFF) is buying 100% of Banco Citibank de Nicaragua.
The world’s biggest taxi solution for consumers and businesses, currently available in more than 30 countries across four continents is running a prefer Visa campaign. Easy Taxi says Singapore has seen the second highest daily number of cashless transactions via Visa, just behind Brazil, where Easy Taxi is operational in almost 100 cities.
Dublin-based Realex Payments is being gobbled up by Global Payments in a deal valued at €115 million (US$126 million). Realex is one of Europe’s largest and fastest growing payment gateways.
The Silk Road Economic Belt and the 21st Century Maritime Silk Road initiatives, also known as “One Belt, One Road,” aims to create Eurasian marketplace. In China this week, MasterCard’s CEO says the Chinese initiative can be a success, not only regionally, but also globally.
Gross dollar volume (GDV) for licensees of Discover-owned Diners Club International is projected to rise 1.6% year-on-year (YOY) in the first quarter. Forecaster RAM Research expects Diners Q1 GDV to come in at $6.6 billion.
The Top 5 U.S. Visa and MasterCard credit card issuers had a 64% 2014 marketshare based on U.S. Purchase Dollar Volume (PDV). Credit card king, Chase, captured 25.5% of the U.S. bank credit card market last year, more than double its closest competitor BofA.
The dawn of the rise of the mobivores is upon us. Mobile-only users (aka mobivores) make up about 15% of a typical financial institutions’ mobile banking user base. Mobile-only users are defined as those who access their accounts using only their smartphones.
ShopKeep Payments has arrived and it is a fully customizable payment processing solution for retail shops, restaurants and other businesses that prefer to have one centralized system for their merchant services with no annual contracts.
In today’s CardFlash News Que: INAUTH (Bain); ASIAPAY (Semafone); EMAZZANTI (EMV); and PAYSYS (NewNet).
CardWeb.com’s CardWatch database of more than 57,000 marketing items today features the Walmart Credit Card ‘Own the Season’ TV ad.
Smartphone solutions will drive the biometrics market for the foreseeable future. Existing smartphone hardware provides a relatively stable foothold for some authentication modalities but rapid advances in the biometrics field will drive further smartphone hardware upgrades.