CardWeb.com’s CardConferences today features the R2 Retail Reinvention, August 4-5 conference at Chicago’s McCormick Place.
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.
CardWeb.com’s CardWatch database of more than 57,000 marketing items today features the Plenti TV Spot, ‘Musical.’
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.
In today’s CardFlash News Que: UPSTART (Marketo); ACCEPTEMAIL (PayWithMyBank); ACI (R2) and NACHA (Payments 2016).
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%.
While the average yield for U.S. Visa and MasterCard-branded credit cards, issued by the top four issuers, declined 10 basis points (bps) sequentially (QOQ) in the second quarter to 11.44%, the peer group has bumped up by 6 bps year-on-year (YOY). In Q2/15, Chase was the only top issuer with an increase in yield QOQ, according to CardData.
A new survey has found 68% of mobile payment users report that they are using the alternative payment methods more than last year and 87% of consumers surveyed think merchant-specific gift cards are convenient to use, even higher than bank-connected debit cards (82%).
Visa and Orbitz for Business have teamed to provide corporate clients with a turn-key, end-to-end travel and expense solution designed to make booking, reconciliation and reporting more efficient. The solution, Visa Travel Manager, is specifically designed to give mid-market companies control of, and visibility into, employee travel spending. It is planned to be available to Visa issuers and their clients starting October 2015.
Creditcall, a payment gateway provider and EMV migration specialist, and Discover’s Diners Club announced a signed agreement to expand the acceptance of Discover and Diners Club cards worldwide.
PINs and passwords will son be a thing of the past as the wave of capital and new technology centered on biometrics, physiological and behavioral authentication is quickly evolving. Biometric measures use DNA, fingerprints, eye retinas and irises, voice recognition, facial patterns, vein patterns and hand measurements to authenticate and verify people’s identities.