CT-based CardFellow, a free web-based service helping businesses find their perfect credit card processor reports its client portfolio now exceeds $1 billion in transactions processed each year. The Company also inked an agreement with credit card processor Payment Depot.
American Express is committed to make Apple Pay to be available in key global markets allowing its cardholders to pay on the go with an iPhone, Apple Watch or iPad. Apple Pay is expected to be available for Card Members in Canada and Australia this year and in Spain, Singapore and Hong Kong in 2016.
New research shows the average cost of a data breach to a company last year was $3.8 million, a 23% increase from 2013. About 84% of adults with incomes of $100K or more indicated that the security of their financial information was their greatest concern regarding their bank, as did 85% of adults who are college graduates.
Austin-based Eliot Management Group has added the Oceano Wave. This countertop package offers a solution to merchants who want the security of an EMV terminal with the convenience of a PIN pad that features both EMV and NFC technology.
Houston-based P97 Networks says they will launch a program to enable mobile commerce with Chase Pay to pay at the pump and make in-store purchases with their smart phones.
MasterCard has launched a major push to bring MasterCard payments to a wide array of consumer products across the automotive, fashion, technology, and wearables.
Visa has integrated token technology into Visa Checkout, the company’s online check out service used by merchants and consumers globally. Additionally, Visa is working with merchants to apply token technology to “cards-on-file.”
USA Technologies (USAT) is expanding its proprietary MORE rewards and loyalty program to partners nationwide, providing access to custom rewards and discount programs for all 333,000 locations connected to the ePort Connect service.
Zebit has launched the first fully automated payment system providing zero-interest credit to the 68 million Americans underserved by traditional financial services but willing to pay up to MSRP prices for electronic products.
Just four weeks after its launch in the U.S., Samsung Pay is proving its biggest advantage is broad acceptance enabled by Samsung’s MST (Magnetic Secure Transmission) in combination with NFC. Blackhawk Network has teamed with Samsung Pay to enable the integration of gift cards into the Samsung Pay mobile payment solution.
San Francisco-based OmnyPay has launched its first integrated mobile loyalty, rewards and payment system designed specifically for retailers. OmnyPay enters the mobile payments market with major competitive advantages: a clear focus on a long-standing retailer problem, a proven management team, and a first-of-its kind solution to solve the “last inch” of the mobile payments process.
In today’s CardFlash News Que: CASHSTAR (gift cards); PAYANYWHERE (NFC); AFFIRM (e-commerce); and TCH (FIS).