Financial services attorneys Morrison & Foerster have introduced an app offering regulatory overviews, alerts, articles, and a weekly digest of market developments.
San Francisco-based Revel Systems has taken iPad POS to a new level. Revel becomes the first iPad POS system to accept commissions, even allowing for splitting commissions between two employees.
Google, PayPal, Amazon, Apple, Hypercom and Verifone alums have created the world’s first “smart” payment terminal. CA-based Poynt’s new terminal combines a mobile device to a future-proof payment terminal at a resonable price.
MasterCard (MC) posted a stunning 15.5% year-on-year (Y/Y) profit growth to $1015 million for the third quarter. Worldwide purchase volume during the quarter was up 11% on a local currency basis versus the third quarter of 2013, to $843 billion.
Visa, Inc profits for the third calendar quarter slipped to $1.07 billion, a 10% decline over the year ago quarter. Payments volume growth, on a constant dollar basis, for the three months ended September 30th, was 11% over the prior year at $1.2 trillion.
Online shopping in Taiwan will soon be made simpler with the launch of MasterPass, MasterCard’s global digital payment solution, on November 19. MasterPass eliminates the need to enter detailed payment and shipping information with every purchase, and simplifies and speeds up the process of completing a transaction from any connected device.
AstroPay cross-border payment services implemented prepaid card technology in China following a successful six-month pilot. During the pilot, AstroPay sold over $1 million USD in card value to Chinese consumers and as a result of this early success.
CardWeb.com’s CardWatch database of more than 57,000 marketing items including direct mail, print ads, TV ads, etc. today features the Bank of America “Bennie Stops Growing” TV ad.
MasterCard announced its service to the Muslim lifestyle segment with its Zilzar.com partnership, a Muslim Lifestyle Marketplace platform. Zilzar.com is a business-to-business (B2B) and business-to-consumer (B2C) platform which will provide robust information and content for users, sellers, buyers, and halal certification bodies, engaging them across sectors of Islamic finance, food, travel, logistics, cosmetics and fashion, among others.
A new survey finds 40% of North American consumers have used their smartphones to make a payment at a merchant location, up from 16% reported in a similar survey two years ago. The study found that 8% of respondents use digital currencies to complete a payment transaction at least weekly, and 18% expect they will use digital currencies at least weekly by 2020.
Global consumer confidence is coming back slowly, but surely. An quarterly Index finds it has now exceeded a pre-recession level of for three consecutive quarters.
CardWeb.com’s CardExecs database of card industry movers and shakers today features Glenn Schneider, Senior Vice President and Chief Information Officer for Discover Financial Services.