New research reveals that roughly 26% of Canadian mobile phone users have made a mobile payment in past 12 months, up from the 17% two years ago. In a typical month, mobile payers (who have made a mobile payment in past 12 months) use their mobile phone to make a payment about four times per month.
CardWeb.com’s CardData financial database projects U.S. Visa and MasterCard credit card Gross Dollar Volume (GDV) will grow 10.2% in the third quarter to $486 billion. Visa announced this week it will release its latest quarterly results on October 29th after the market close. MasterCard will report on October 30th before the market opening.
Norway’s Promon has inked a deal with Skandiabanken to integrate Promon Shield security technology into the bank’s new mobile banking service. Skandiabanken becomes the first Norwegian bank to introduce the extra layer of protection for their mobile banking service.
PayToo Mobile, the first Worldwide GSM mobile wallet merging a complete telecom suite of services and a mobile payment solution has buddied up with start-up PayDirect. Both companies say the alliance is an opportunity to offer Money Transmitters, a mobile money transfer solution and other services for their customers while offering cutting edge technology.
FL-based Velocity Solutions has tackled the problem of the loss of substantial overdraft and interchange revenue for many banks and credit unions. The Company says its new My Rewards Premium Debit Card is the answer.
Balance transfer fees may soon gain traction in the Australian market with new legislation affecting the allocation of credit card repayments. This will affect the profitability of balance transfer offers in Australia, thus pressuring the introduction of balance transfer fees.
Minneapolis-based Digital River has signed multiple payments agreements with Klarna, a Stockholm-based payment provider. As part of another agreement, Klarna is using the Digital River World Payments solution to process consumers’ credit card and online bank transfer payments through Digital River’s international payment gateway.
With the average cost of a data breach at $136 per record, and the cost of non-compliance with PCI being on average, more than 2.5 times greater than compliance, brands and call centers are more focused than ever on becoming PCI compliant.
Earthport inked a white labeling contract with Standard Chartered for undisclosed terms. Standard Chartered white-labelling the Earthport collaboration will bring the benefits of our innovative payments service to the bank’s customers.
Palo Alto, CA-based Plastc unveiled its secure digital card that consolidates credit & debit cards, loyalty and gift cards, access cards and coupons. The new Plastc Card comes with a proprietary wafer thin digital display using E-Ink technology that shows your name, credit card, and barcodes.
Card-based decoupled debit (ACH) payment solutions provider, National Payment Card Association (NPCA), has changed its name ZipLine. The company also hired a new CEO.
San Francisco-based Boku has acquired Germany-based mopay for an undisclosed amount. Nevertheless, the deal makes Boku the largest standalone provider of carrier billing-based mobile payment services in the world.