India’s ICICI Bank launched ‘Pockets by ICICI Bank’ app allowing NRI customers to access their bank accounts on Facebook. Tapping the convenience of banking while on social media, customers can carry out important tasks through this app which include viewing account summary, E-statement as well as a mini statement of ICICI Bank India NRE/ NRO savings bank account. A customer can access the application by logging in with his Facebook user ID and searching for ‘Pockets by ICICI Bank’. He/she will have to register for the app to activate and start using it.
London-based SafeCharge has acquired 3V Transaction Services for €14.5 million. 3V will become the foundation of SafeCharge’s card issuing activities through its new Issuing Division.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Kim Fitzsimmons, U.S. Market President for Chase Merchant Services.
Fidelity credit cardholders directing their cash rewards into a Fidelity account will average $1,476 in cash rewards in 2014. If they earn a similar sum each year and direct the cash towards a 529 college savings account every year for 18 years, the total rewards accumulated could exceed $26,000, without even factoring in potential compound annual growth.
Nearly six out of ten UK shoppers believe a prepaid card with a set limit to spend on it would minimize the risk of overspending. They were also considering new payment technologies to help them stick to their budgets this holiday season.
Total spending on general purpose credit cards will likely approach $3.0 trillion in 2015 and may top $4.0 trillion by 2019, according to CardData. Next year will be a major transitional period as the U.S. goes EMV and global NFC takes shape.
Global online and mobile payments worldwide may reach three trillion Euros by 2018. Mobile payment outpacing online and the total payments market.
Visa (VS) and MasterCard (MC) Global Gross Dollar Volume (GDV) will likely increase 8.3% in the fourth quarter to $3189 billion. CardData projects U.S. GDV will come in at $1122 billion and International GDV will come in at $2067 billion.
Atlanta-based MobileRecharge.com has launched MobileRecharge, an app for iOS and Android devices. The app is free to download on App Store and Google Play.
Montreal-based Pivotal Payments has inked a five-year agreement with Breeders’ Cup Limited, which administers the Breeders’ Cup World Championships, Thoroughbred racing’s premier international event.
Cloud-based technology provider ShopKeep is integrating the email marketing platform MailChimp. The integration allows ShopKeep merchants to engage with their most loyal customers through customized email messages based on insights into their purchase behavior.
Ticketmaster is supporting Apple Pay with the latest update to its iOS app. Ticketmaster fans will be able to make quick, convenient and secure purchases using Apple Pay with Touch ID, making shopping easier than ever.