The number of global mobile payment users is expected to grow at a compound annual growth rate (CAGR) of 16.4% through 2017, according to CardData. About 31% of consumers who have a device with Near-Field Communication (NFC) technology, used it for mPayments in the last month.
Gift card sales will likely continue grow at a 6% compound annual growth rate (CAGR) through 2017. However, e-gifting which is expected to supply the next leg of growth for the gift card industry over the long-term, grew less than expected this year.
The number and sophistication of cyber threats will continue to increase exponentially. Fueled by both geopolitics and economic incentives, international (and often state-sponsored) criminal organizations will escalate their development of offensive cyber capabilities.
Sweden’s ICA Gruppen is launching contactless card payments. The launch means that during 2015 ICA Bank’s over 500,000 card customers will be sent a new bank card adapted for this technology.
Estonia-based m-Payments specialist Fortumo has launched subscription payments using carrier billing for Windows Phone and Windows 8. Developers building apps for Microsoft platforms can now increase their subscription payment coverage by enabling carrier billing for users without credit cards in 83 markets.
Salaam Somali Bank has installed its first-ever automated teller machine (ATM) in Mogadishu. NCR is powering the deal through channel partner DIS-PRO.
SumAll and the Square partnership are expanding to Canada. The deal enables users in Canada to access Square data along with analytics from dozens of additional platforms, including social media services and other payment providers
India’s Standard Chartered has signed a multi-year agreement with Earthport to offer customers International ACH payments. Global economic activity continues to increase and with the operating environment for businesses becoming more complex and competitive, a key focus for Corporates is to ensure they are able to centralise treasury operations and put in place solutions that offer improved operational efficiencies and allow greater visibility and control over their global payables. The IACH enables efficient execution of scheduled and high-volume cross-border payments like payroll, dividend and other statutory payments. A key benefit includes the ability to make multi-currency payments from a single account without having to maintain local bank accounts. This will also give bank customers access to a wider network of local clearing networks.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Barry McCarthy, President of First Data’s U.S. Financial Services.
The maker of the first and largest valet parking apps for consumers and operators that offers interactivity, seamless mobile payments and on-demand services, added two top executives.
U.S. American Express cardholders who are enrolled in the Membership Rewards program can now use Membership Rewards points for Airbnb eGift cards.
NY-based CardFlight and NY-based Merchants’ Choice Payment Solutions have teamed to provide a custom mobile POS solution to merchants through its sponsor bank’s network of retail branches.