The global biometric authentication and identification systems market is expected to grow at an estimated CAGR of 17% from 2015 to 2020 and generate over $25 billion by 2020. While the majority of the demand is sourced out of APAC and Middle East, countries such as the U.S. and the U.K. continue to be the leading revenue generating countries in the biometrics market.
San Francisco-based Revel Systems has landed $13.5 Million from ROTH Capital Partners, a relationship-driven investment bank with close connections to Revel. This was Revel’s C-3 investment round, a follow-up to the Series C-1 round led by Welsh, Carson, Anderson & Stowe in November 2014 and Series C-2 round led by Intuit in December 2014.
Boost Mobile and ZTE USA unveiled the latest addition to the Warp family, the Warp Elite by ZTE, offering several notable upgrades and features that matter most to consumers, including payments.
Gross or open accounts (GAC) for U.S. credit cards among the nation’s four largest issuers climbed 2.0% in the second quarter to 187.4 million, compared to 183.7 million one-year ago. The growth is driven by Capital One, while Chase, Bank of America (BofA) and Citibank face year-on-year (YOY) and quarter-to-quarter (QOQ) GAC erosion. However, BofA posted a slight YOY gain.
U.S. bank credit card active accounts (accounts with sales activity), among the top six U.S. issuers, grew 1.4% year-on-year (YOY) and flat quarter-to-quarter (QOQ) in the second quarter. This comes despite the slight erosion in gross accounts by Bank of America and Citibank.
Green Dot announced a new cash processing technology enabling customers to securely and conveniently add cash to their accounts at participating retailers using their mobile device. This service leverages Green Dot’s new mobile and web-enabled barcode generation system and thousands of Green Dot retail locations to provide a new cash-loading option.
The ATM Industry Association (ATMIA) has released a new research paper, “U.S. Mobile Payments: Do They Disrupt Cash?” which examines the impact of mobile payments on the growth of cash. Despite all the attention it receives, mobile payments still account for only a very small fraction of retail in-store payments.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Sandra Green, Head of Sales, EMEA, of Alpha Payment Systems.
Retailer loyalty programs are not only increasingly digital in nature but also increasingly take any kind of payment”not just private label card payments. The multi-tender loyalty program trend to continue in force, with strong continued uptake over the next two to three years.
CardWeb.com’s CardData database of Company Profiles today features Perks.com.
Square Instant Deposit is now available to all Square sellers in the United States. With a tap of a button in the Square app, the money from your sale goes straight to your account ” 24 hours a day, seven days a week.
CardWeb.com’s CardWatch database of more than 57,000 marketing items today features the Visa Check Card TV spot “Juggling” from 2007.