Prepaid buyers are increasingly younger: 2 in 3 young adults (aged 18-34) surveyed bought prepaid cards, up from 3 in 5 surveyed in 2013. And they are increasingly mobile enabled, as nearly 2 in 3 smartphone owners, 3 in 4 smartphone and tablet owners, and 9 in 10 adults who have paid for goods and services by mobile phone have bought prepaid cards within the previous year.
Japan’s mobile payment service LINE Pay has unveiled v4.8 and has gone global. LINE Pay is a mobile payment service that lets over 170 million monthly active LINE users (on iPhone or Android) make payments for affiliated services or at affiliated shops in an easy and convenient way, regardless of their carrier or OS.
The Chip & Pin deadline will spur an increase in fraud so saith some. The rate of fraud won’t decrease; it will go up to record levels just before the deadline. Afterwards, we will start to see record levels of Card Not Present (CNP) fraud in the U.S., just as it has risen elsewhere Chip and PIN has been adopted.
VeriFone Systems reported net revenues (GAAP) were $491 million for the three months ended October 31st (Q4 FY14). Non-GAAP net revenues for the latest quarter were $491 million, compared to $432 million a year ago, a 13% increase.
New research expects Near Field Communications (NFC)-enabled mobile handset payments will account for $130 billion globally in consumer retail spend by 2020.
Denver-based Coalfire has been updated to include new Payment Card Industry (PCI) Data Security Standards (DSS) that will help large organizations manage their Self-Assessment Questionnaire (SAQ) process.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Margaret Keane, President and Chief Executive Officer, of Synchrony Financial.
Los Angeles-based Netcom PaySystem has signed a deal with a medium to high risk processor. Netcom wants to provide merchant processing to medium and high risk eCommerce merchants located in the United States, EU, UK, and Canada.
Seventy six percent of merchants believe a strategic partnership with payment providers would provide opportunities to enhance their value proposition to customers, however, only 31% reported partnering with a payments provider.
Creditcall EMV-ready payment gateway provider supplied its mPOS payment solution CardEase Mobile to U.S. burgers and fries chain Five Guys. The product, which comprises an mPOS SDK that allows developers to easily add payment functionality to an mPOS offer, is an integral part of a new restaurant queue busting solution for Five Guys in the UK which speeds up customer processing time and also allows for better customer interaction while they are waiting to be served. Staff in 19 Five Guys restaurants are now able to take customers’ orders and mobile payments in the queue via a tablet device that includes Creditcall’s mPOS payment solution CardEase Mobile integrated within Lineten’s NOQU queue busting app.
ME-based CashStar Marketing solutions is powering more than 150 promotions this holiday season. Rewarding for both the sender and recipient, digital gift cards offer shoppers convenient and personalized gifting experiences, and enable retail and restaurant brands to influence consumer spending through targeted marketing campaigns.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Neil Garner, Chief Executive Officer and Founder of Proxama.