Virtual Piggy, provider of the award-winning payment technology Oink, announced the Neon release of their iOS app with added money transfer functionality using P2P technology.
MasterCard and Samsung are extending their global partnership leveraging the MasterCard Digital Enablement Service (MDES) to deliver Samsung Pay in Europe. Samsung Pay is a mobile payment service that will enable consumers to use their Samsung flagship mobile devices to make every day in-store purchases at contactless and magnetic stripe terminals leveraging NFC and MST technologies.
The ING Netherlands app can now make voice-activated payments leveraging voice biometrics technology from Nuance Communications. A smart alternative to PINs and passwords, voice biometrics makes mobile banking easier in the ING Netherlands mobile banking app.
The global Internet of Things (IoT) in Retail Market is expected to grow from US$14.3 billion to US$35.5 billion by 2020 at a compound annual growth rate (CAGR) of 20.0%. IoT in retail is majorly used to manage inventory, track theft and loss, mobile payments, shopper intelligence, and advertising and marketing inventory.
MasterCard (MC) second quarter profits rose 4.7% year-on-year (YOY), or 12% on a currency adjusted basis (FX) to $965 million.
Cross-border volume soared 17% YOY. Global purchase volume rose 12.8% (FX) to $1141 billion and end-of-period (EOP) global cards-in-force (CIF) nearly hit 1.5 billion.
GA-based acquirer TSYS reported a solid second quarter as total revenues for hit $692.6 million, an increase of 15.1% over the prior year. Income from continuing operations attributable to TSYS’ shareholders was $82.8 million, a whopping increase of 38.6%.