The cyber security market in the BFSI sector is projected to expand at compound annual growth rate (CAGR) of more than 13% by 2019. Some estimates place the cyber security market at more than $155 billion in five years.
Atlanta-based FleetCor Technologies reported total revenues increased 47% to $376.7 million compared to $255.5 million in the fourth quarter of 2013. Comdata, which was acquired on November 14, 2014, contributed approximately 27 percentage points of the revenue growth in the quarter, or $70 million to the fourth quarter of 2014.
LS Retail has a new version of its premier Omni-Channel retail and hospitality solution, LS Nav. The LS Nav member management feature makes it easy for retailers to get closer to their customers by offering them membership in loyalty programs as an app.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Dave Hobday, Managing Director of Worldpay UK.
First American Payment Systems has partnered with the Community Bankers Association of Illinois (CBAI) as an endorsed merchant services provider for the Association.
CA-based Armor Payments has launched the first Escrow as a Service (EaaS) payment solution. With Armor Payments EaaS, third-party applications such as B2B marketplaces, crowdfunding services, and solutions requiring B2B disbursements can easily integrate and offer secure escrow payments between their payers and payees to cost-effectively eliminate the risks of doing business online.
Toronto-based NBS Technologies says its Xpress Mobile Wallet software has been approved by Visa, to meet all of the functional requirements of its Cloud-Based Payments Program and granted participation in the Visa Ready Program for mobile financial card issuance.
VA-based Global Tel*Link has acquired TouchPay. The acquisition is the next step GTL has taken in its path to grow its payment services business into new government sectors, expand its corrections payment service business.
Toronto-based MONEXgroup says tokenization is the secure payment processing solution tailored to merchants’ specific business needs and requirements. Furthermore, by ensuring the PCI DSS compliance environment, it has created for reputable payment processing and merchant service providers, a trustworthy and controlled solution by a bank for storing credit card information.
The smart cards market is now valued at USD 8.2 billion and is expected to reach USD 11.9 billion by 2020, growing at a CAGR of 9.0% from 2014 to 2020. The Asia Pacific smart cards market is estimated to grow at a CAGR of 10.1% from 2014 to 2020.
Jacksonville, FL-based FIS reported fourth quarter revenue increased to $1689 million from $1579 million or 7.0% year-on-year (Y/Y). FIS says the outlook for revenue growth and earnings per share in 2015 is revenue growth of 5% to 7%.
The international web hosting service provider Host1Plus has announced a partnership with Coinzone for Bitcoin payment integration – big news.