China UnionPay ATMs topped the 600,000 milestone in 2014 and now growing 20.6% per year. CUP added nearly 100,000 ATMs last year. The construction of small outlets such as “community banks” and “financial convenience stores” in China will likely spur the demand for ATMs in 2015.
This year approximately 10% of the base of smartphones worldwide will be used to make an in-store payment at least once a month, compared to less than half a percent (led by early adopters in Japan) of about 450 million smartphones in mid-2014.
Boston-based peerTransfer, a provider of global payment solutions for the education industry, has raised more funding. Bain Capital Ventures led the latest round.
Chicago-based Arroweye Solutions has ankled Reiner Vanooteghem as vice president of market development for the financial services industry.
Arroweye is a single-source provider of innovative card marketing and production solutions for the financial service, prepaid and retail industries.
The new PayPal Credit, f/k/a Bill Me Later, is beefing up its credit service to give retailers the ability to decide on the number of months and interest rates best suited for their customers. Additionally, retailers will also be able to choose among interest-free credit options for the first time, for their online customers.
Global Payments has unveiled an advanced security services bundle designed to protect credit card data, prevent counterfeit fraud and enhance payment processing security. The bundle is delivered through the GPN’s OpenEdge integrated payments.
Capital One is gobbling up Level Money, however it will continue as a free, separate app. Since October 2013, more than 700,000 people have downloaded the Level Money app.
NCR’s newest FastLane SelfServ checkout solutions can be used as a free-standing self-checkout kiosk, installed on a countertop or even mounted on a wall. In a recent study of consumers in nine countries, 90% revealed they use self-checkout technology.
Among the newest Panasonic’s products for 2015 is the Toughpad FZ-R1, the industry’s first*1 7-inch all-in-one mobile POS tablet running Windows 8.1 for retail environments and to meet the changing omni-channel customer expectations while providing secure transaction capabilities.
Cincinnati-based Vantiv has approved Verifone’s Secure Commerce Architecture (SCA) solution for connecting Verifone’s line of commerce-enabled MX 900 payment terminals directly with Vantiv’s class leading processing platform.
KWI cloud solutions launched its contactless Apple Pay digital wallet for its KWI Cloud 9 Mobile POS platform. This includes the addition of the VeriFone PAYware Mobile e315 and e335 sleds to KWI’s product offering which supports the Chip & Pin/ EMV retail industry’s requirement for later this year. KWI continues to be the industry leader with 60+ specialty retailers running the KWI Cloud 9 Mobile platform. “Our acquisition of the source code and the associated patent licenses in January, 2014 from Verifone has enabled KWI to quickly roll out new enhancements providing our clients with an early-to-market advantages in delivering a world-class customer experience”, states Sam Kliger, Founder and CEO, KWI. The KWI Cloud 9 Mobile platform is available for use with the Apple iPad, iPad Mini,or iPod Touch and is designed, developed and delivered wholly by KWI.
A trio of payment firms have teamed to offer a more flexible and convenient way for small- and mid-sized businesses (SMBs) to pay their vendors. Comdata, Behalf and MasterCard says their collaboration will help SMBs to improve their cash flow and extend payment terms.