Credit cards usage for B2B payments has increased dramatically over the past few years, and are expected to represent 10% of all payments in 2014. U.S. companies now incur an average of $2.2 million in credit card processing fees per billion of revenue.
Monitise is powering a new suite of mobile apps for Turkish Airlines. Monitise has worked with Turkish Airlines since 2009, and designed and developed the airline’s previous ‘Fly Turkish’ apps for iPhone, BlackBerry, Java and WAP.
While posting conservative growth in the number of payment cards and transaction volume over the past five years, Austria presents substantial growth opportunities for the cards and payments industry.
Reston, VA-based Transaction Network Services has inked a deal to sell its Payment Gateway Services business to MasterCard. The business will join DataCash in expanding MasterCard’s global payment gateway solutions.
Global marketing expense among the top four payment card networks was essentially flat in the third quarter and down sequentially. Discover reported the biggest increase in marketing expense for Q3/14.
Yodlee Interactive is enabling developers, entrepreneurs and Fortune 500 tech innovators to securely access transactional data via a set of APIs, announces it has selected its largest incubation class yet and is partnering with leading accelerators like Y Combinator.
Ingenico Payment Services confirms it has been processing its first cross-channel transactions this quarter giving consumers a fast and secure purchasing experience. Ingenico has managed to combine payment transactions into a single back-office interface consolidating both card present and card non present flows.
UK-based SumUp has integrated Bitcoin into its mPOS solution through BitPay. The integration means that any bricks and mortar retailer can now easily accept Bitcoin payments.
Atlanta-based Bluefin Payment Systems has released Decryptx, a PCI-validated Point-to-Point Encryption (P2PE) Solution.
V.me by Visa is now in pilot with major banks in Norway, Sweden, Italy and Germany, taking the number of markets live or in pilot across Europe to eight.
France’s largest merchant acquirer by volume, has signed an agreement that will grow Discover and Diners Club card acceptance in France.
SumUp has integrated Bitcoin into its mPOS solution through BitPay. The integration means that any bricks and mortar retailer can now easily accept Bitcoin payments. With SumUp’s streamlined checkout process, the customer simply confirms the amount with a single click on their smartphone after scanning a QR code or using NFC broadcast. For merchants, accepting Bitcoin payments means that issues with fraud concerns or credit card chargebacks are erased from the equation. After having launched a proprietary Chip & PIN terminal in its major European markets, SumUp is now building an open network by accepting different alternative payment options, such as Bitcoin and soon to follow Apple Pay.