The vast majority of Americans say their top New Year’s financial goal is to pay down debt, while they squirrel away gas savings.
The chorus of smartphone mobile payments to be the top predicted tech trend for the coming year is growing. Last year saw a 1000 percent increase in the use of smartphones for in-store payments.
The cyber security market in the BFSI sector is projected to expand at compound annual growth rate (CAGR) of more than 13% by 2019. Some estimates place the cyber security market at more than $155 billion in five years.
TX-based POSsible has rolled-out plug-and-play POS-in-a-Box solution enabling customers to purchase conveniently at their local retailers.
Austin-based SimplyTapp has raised an additional $2.5M of their Series B financing round from Mozido, elevating the total amount of funding raised to $10.1M. The new infusion of capital will allow SimplyTapp to ramp up R&D by expanding its core engineering team and bolster channel support for global partners.
MO-based Clearent has teamed with MicroSale to integrate its credit card processing with Version 9 of MicroSale’s restaurant software solution. MicroSale dealers now have the option to use Clearent as their integrated payment processor when selling Version 9.
NY-based CardFlight has introduced version 2.0 of its SwipeSimple mobile application. First launched in 2014, the SwipeSimple solution includes encrypted mobile card readers, payment acceptance applications for iOS and Android devices, a real-time reporting and admin dashboard for merchants, and a reseller portal for easy onboarding and portfolio management.
Jacksonville, FL-based FIS reported fourth quarter revenue increased to $1689 million from $1579 million or 7.0% year-on-year (Y/Y). FIS says the outlook for revenue growth and earnings per share in 2015 is revenue growth of 5% to 7%.
VA-based Global Tel*Link has acquired TouchPay. The acquisition is the next step GTL has taken in its path to grow its payment services business into new government sectors, expand its corrections payment service business.
CA-based Armor Payments has launched the first Escrow as a Service (EaaS) payment solution. With Armor Payments EaaS, third-party applications such as B2B marketplaces, crowdfunding services, and solutions requiring B2B disbursements can easily integrate and offer secure escrow payments between their payers and payees to cost-effectively eliminate the risks of doing business online.
First American Payment Systems has partnered with the Community Bankers Association of Illinois (CBAI) as an endorsed merchant services provider for the Association.
LS Retail has a new version of its premier Omni-Channel retail and hospitality solution, LS Nav. The LS Nav member management feature makes it easy for retailers to get closer to their customers by offering them membership in loyalty programs as an app.