TX-based SignaPay announced the acquisition of PayHub. PayHub was founded in 2011 and was built to provide an advanced virtual terminal and a recurring billing solution that evolved to a mobile and eCommerce solution with API features.
Chick-fil-A has introduced mobile payment and mobile ordering within the Chick-fil-A Mobile App in more than 130 Chick-fil-A restaurants in Atlanta, Chicago, Houston, Los Angeles, Orlando and Washington, D.C. Chick-fil-A’s mobile ordering pilot began in early 2013 and the popular QSR will expand mobile payments throughout 2015.
More than 42 billion payments were settled by Alipay over the past 10 years. During that period, the nation’s coastal provinces and first-tier cities have typically led the nation in terms of online spending volume. Shanghai and Beijing along with Guangdong, Zhejiang and Jiangsu provinces are the top regions.
Miami-based YellowPepper has rolled-out the Yepex Smart Wallet in Latin America. The Company recently collaborated with eGlobal, Mexico’s
largest electronic payment processor.
The world’s first interactive payment card technology with a built-in computer enables consumers to instantly switch to different currencies with the touch of a button on the card. The new interactive MasterCard is powered by Pittsburgh-based Dynamics and will be offered to issuers globally.
Global mobile marketing is expected to grow at a CAGR of 28.8% through 2019. Over the past few years SMS marketing has become a legitimate advertising channel in some parts of the world.
The non-profit trade association dedicated to the advancement of electronic payments and electronic commerce has added EyeLock, a marketer of iris-based identity authentication solutions, to the Board of EFTA members.
PSCU credit unions have saved more than $100 million in declined fraud transactions over the past 12 months. Industry-wide, credit unions have incurred expenses from card reissuance and fraud totaling $87.4 million between the Target and Home Depot breaches.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Robert Carr, Chairman and Chief Executive Officer of Heartland Payment Systems (HPS).
Staples has rolled-out a world-class platform that makes it easy for suppliers to offer products to Staples customers. Staples Exchange, Staples’ new e-commerce platform for vendors, features user-friendly dashboards with real time and historical reporting.
Mobile phone and tablet users will make 195 billion mobile commerce transactions annually by 2019, up from 72 billion this year. The highest net increase in transaction volumes will occur in the digital goods sector, fueled by a surge in micro-payments for in-app purchases, notably within arenas such as social gaming.
The Bitcoin disruption to Western Union and Xoom paradigms are real as Bitcoin continues to thrive. Bypassing the expensive fees and onerous regulatory requirements of international correspondent banking channels, the backbone of global money transmission today, Bitcoin-backed remittance evangelists claim they will both do good and make a profit.