The number and sophistication of cyber threats will continue to increase exponentially. Fueled by both geopolitics and economic incentives, international (and often state-sponsored) criminal organizations will escalate their development of offensive cyber capabilities.
Among the top six U.S. credit card issuers, the average 30+day delinquency rate is likely to top 2.00% in the fourth quarter, reversing a four year downward trend. The average 30+day delinquency rate was 1.93%, compared to 1.83% in the second quarter, and compared to 2.12% in the year-ago quarter, according to CardData..
NY Silicon Alley-based HyprKey launched a free mobile password manager. The mobile app is intended for anyone who uses multiple logins across multiple platforms daily including m-payments.
London and Los Angeles-based inAuth snagged a new top executive from Monitise. Lisa Stanton, formerly the President of the Americas for Monitise, will now serve as InAuth CEO.
Global mobile marketing is expected to grow at a CAGR of 28.8% through 2019. Over the past few years SMS marketing has become a legitimate advertising channel in some parts of the world.
The world’s first interactive payment card technology with a built-in computer enables consumers to instantly switch to different currencies with the touch of a button on the card. The new interactive MasterCard is powered by Pittsburgh-based Dynamics and will be offered to issuers globally.
Miami-based YellowPepper has rolled-out the Yepex Smart Wallet in Latin America. The Company recently collaborated with eGlobal, Mexico’s
largest electronic payment processor.
Chick-fil-A has introduced mobile payment and mobile ordering within the Chick-fil-A Mobile App in more than 130 Chick-fil-A restaurants in Atlanta, Chicago, Houston, Los Angeles, Orlando and Washington, D.C. Chick-fil-A’s mobile ordering pilot began in early 2013 and the popular QSR will expand mobile payments throughout 2015.
TX-based SignaPay announced the acquisition of PayHub. PayHub was founded in 2011 and was built to provide an advanced virtual terminal and a recurring billing solution that evolved to a mobile and eCommerce solution with API features.
MasterCard has kicked-off Priceless Surprises to cardholders paying with their MasterCard with Apple Pay. A new 30 second TV spot features Gwen Stefani who, with the help of a “Surprise launcher,” sends Priceless Surprises to cardholders.
Switzerland-based BPC Banking Open System announced SmartVista has been selected by Innervation Value Added Services, South Africa who is to develop new card business. Innervation has launched a full Third Party Processing Business and BPC’s solution will provide the company with all the capabilities needed to quickly create and launch a wide range of innovative local and international payment products. Innervation will use the new solution to support its customers across the African continent. Using SmartVista Innervation will launch a range of specifically tailored solutions for its clients, including instalment and revolving credit, gift, loyalty and pre-paid payment cards, travel cards and virtual accounts/wallets.
NYC-based Payoneer is now facilitating payouts for merchant suppliers on San Francisco-based Wish, a top mobile social e-commerce application that offers consumers a highly personalized shopping experience. Over the past three years, Wish has quickly grown to host more than tens of millions of users worldwide.