Connected Vending Machines to Grow CAGR 17% to 24MM by 2021

Vending is quickly adapting to keep pace with evolving technologies, refurbishing used vending machines into digitized versions that include touchscreens, sensor technologies, and flexible payment methods. Coca-Cola, PepsiCo, and VE Global Vending look to expand distribution offerings and connect their machines to the Internet to increase operational efficiencies. The newly connected machines will allow operators…

Verifone Ankles a Mastercard Exec to Head Up its Indonesian Operations

Verifone has ankled Irni Palar as the general manager of its domestic operations in Indonesia. Based in Jakarta occupying a newly opened office facility, Palar spearheads Verifone’s commitment to providing world-class payment technology and collaborating with banks and its partner community in Indonesia. Irni comes to Verifone from Mastercard where she was the Indonesia director…

Chase YTD 2016 Merchant Processing Volume Explodes Beyond $1T

Chase crossed the $1 trillion mark in year-to-date merchant processing volume, a first in the firm’s history on December 11th at 11:06 p.m. eastern time. In 2014 the firm launched ChaseNet, a proprietary closed-loop network, and Chase Pay, the firm’s digital wallet, launched in November 2016. Merchant processing volume at the firm has grown annually…

JCB Merchant Acquiring Comes to Singapore via CIMB Bank and Wirecard

CIMB Bank Singapore and Wirecard have inked a License Agreement to begin JCB merchant acquiring services in Singapore. Through the partnership, JCB card acceptance facilities will be available at CIMB merchants. Having established similar collaborations in Malaysia and Indonesia, this new License Agreement extends the collaboration into other parts of Southeast Asia and enhances cooperation…

Automated Loyalty, Feedback & Marketing Solution Ready For Primetime in 2017

Silicon Valley Thanx, a loyalty specialist, has nailed $17.1M Series B financing. The financing led by Icon Ventures and Series A investor Sequoia Capital, with participation from Javelin Venture Partners.  Unique in the retail IT market, Thanx eliminates the technical burden of hardware or on-site integrations which have previously made it difficult for brick-and-mortar merchants to…

YapStone Ankles a Former BAMS & Merchant eSolutions Exec as CRO

San Francisco-based YapStone has ankled Michael Gramz for its management team, as Chief Risk Officer. In his role, Gramz will focus on delivering innovative risk management products and services to support YapStone’s partners and customers. Prior to YapStone, Gramz was the Chief Risk Officer and Board Director at Merchant eSolutions, the U.S. processing division of…

FIS and VC FinTech on the Prowl for More Financial Services Disruption

The Venture Center and FIS have teamed for the Global VC FinTech Accelerator Program. Applications are now being accepted through February 5, 2017, at 11:59 p.m. CST. Entrepreneurs who are poised to disrupt financial services should apply. In addition to working with early stage companies in core banking, payments, mobile, and fraud & security, VC…

Member-Get-Member Referral Programs Gain Traction w/Financial Services

A new solution has emerged specifically designed for consumer financial services companies looking to quickly build an effective advocate marketing program to drive the opening of new accounts through existing customers. Extole has released its Financial Services Solution. Extole’s Financial Services Solution ensures these organizations’ member-get-member referral programs are designed for and address the unique…

Automatically Correlating POS Data for Variances and Discrepancies

NY-based B2B Soft, a specialist in wireless point-of-sale (POS), retail management systems (RMS), has inked a deal with Arzosoft, a Canadian-based maker of custom software solutions. This new relationship extends B2B Soft’s ability to offer wireless retailers fully integrated POS solutions and, ultimately, help retailers not only save money, but also recover it. Arzosoft’s innovative…

B Infinite App Offers Real-Time Overview of the Omnichannel Experience

Malaysia’s Berjaya Group has launched the new reward app B Infinite, f/k/a BCARD. The mobile application is powered by Wirecard. Thanks to a variety of loyalty and couponing functions, B Infinite offers a multi-faceted capabilities to its users: functioning as a mobile marketing platform to find out about the latest local merchant flash deals, payment…

Real Consumer Transaction Analysis Confirms Holiday Spending Up 9% YOY

The best consumer spending analysis, based on actual consumer transactions rather than surveys or speculation, for Thanksgiving, Black Friday and Cyber Monday shows overall spending growth was up 9.0% year-over-year (YOY), compared to 9.4% in 2015 and 3.5% in 2014. The First Data SpendTrend also showed the total share of eCommerce spending has gone up…

OT + Visa payWave + Heritage Bank = Inamo CURL Wearable AU Deployment

Oberthur Technologies has inked an agreement to provide its digital payment enablement technology to Inamo’s wearable solutions, starting with the CURL which is being launched in Australia this month. The CURL is a multi-functional wearable that will initially enable consumers to make payments by simply tapping their device to any point of sale terminal where…