More than 500,000 Bangladeshi freelancers can now receive payments from international companies more quickly and cost-effectively thanks to partnership between Payoneer and Bank Asia.
AZ-based Spindle has inked a deal with withTransaction Data USA (TD USA) to resell both Spindle’s payment aggregation services and its Yowza!! Offers mobile marketing services. TD USA is a payment processing industry consulting firm.
A common trend emerging in Latin America (LAC) is increased use of mobile devices for payment in online shopping, with close to a quarter of online payment users already having paid with smartphone at least once.
The number of payment card portfolios sold in 2014 dipped to just five portfolios worth $2.7 billion. This was down significantly from year end 2013 and the record card deals done in 2012. In 2013 an estimated $17.2 billion in 10 portfolios were done, not including numerous tiny card portfolio sales ( < $10MM).
Bank of America (BofA) reported a decline of 0.8% in Year-on-Year (Y/Y) average U.S. bank credit card outstandings of $88.4 billion for the fourth quarter (Q4/14). Meanwhile, Purchase Dollar Volume (PDV) for BofA’s U.S. bank credit cards rose 2.6% Y/Y and up 3.9% Quarter-to-Quarter (Q/Q) to $69.2 billion
London-based Monitise has partnered with the MoneyPass Network to offer a range of advanced Mobile Money services and card control capabilities to card issuers in the U.S. The MoneyPass Network is operated by Elan Financial Services, a division of U.S. Bank.
NCR consumer transaction technologies signed agreement to build a new world headquarters campus in Atlanta. This will enable the company to continue to attract talent to support its hardware-enabled, software-driven business. The new campus will be located at Centergy North at Technology Square on Spring Street, and will provide NCR with a state-of-the-art presence. In addition to helping the company consolidate a number of disparate facilities into unified and contemporary work environments and will allow retail and hospitality customers from all over the world to experience NCR technology solutions.
After completing a four-month nationwide rollout of its Preferred Rewards program in October, Bank of America launched a major advertising campaign this week to round up more enrollees.
Movistar and MasterCard launched “Your Mobile Money” electronic money service to provide offer significant savings in their money transfers. The service is available in 20 of the country’s departments to Movistar’s 16 million plus mobile customers, allowing customers to access an electronic money account. It creates a link their telephone number to their “Your Mobile Money” card, and will be able to make financial transactions such as sending and receiving money from a cell phone. It ultimately makes card purchases at MasterCard-affiliated establishments, and replenishing the balances of their own or third-party cellphones.
Luxembourg-based Yapital and TOTAL have teamed to deliver the first European cashless cross-channel payment solution. The rollout to the TOTAL petrol station network in Germany will be completed by summer 2015.
After a pilot with Adelman Travel, CSI says its globalVCard is ready for prime time. CSI’s virtual card and mobile technology meets the biggest challenges of the corporate travel procurement industry: compliance, security, and hotel direct billing.
NY-based ShopKeep has introduced a new iOS mobile reporting application that enables merchants to quickly access their business data in real-time, wherever they are. The cloud-based technology provider has more than 16,000 registers in use by retail shops, restaurants, and other organizations.