Paylib is positioning itself to become the major e-wallet in France for e-business and m-business. The company recently signed deals with Crédit Agricole and MasterCard.
CardWeb.com’s CardExecs database of payments industry mover and shakers today features Shazia Manus, Chief Executive Officer of The Members Group (TMG).
UK-based Worldpay has signed a deal to acquire Austin, TX-based SecureNet Payment Systems. The company’s sophisticated single stack of payment APIs and flexible architecture allows integration for all types of transactions, in all development languages, across all channels.
CardWeb.com’s CardWatch database of more than 57,000 marketing items today features the Capital One Spark Business “Baseball Tickets” TV ad.
The new emerging Black is Thanksgiving as more retailers noticed the trend last year and are opening earlier this year. Specially timed and targeted coupons are also the hottest trend in pushing in-store and online sales on Thanksgiving.
Brits say pet goldfish, toasters and vacuum cleaners are among the most thoughtless gifts to give and receive. Giving cash as a gift is considered to be thoughtless gift by one in four (28%) Brits.
Twitter is testing a new way for U.S. advertisers to connect with consumers on Twitter, enabling advertisers to create card-linked promotions and share them directly with Twitter users.
The number of prepaid card transactions in the U.S. is expected to top 12 billion this year, growing at a compound annual growth rate (CAGR) of 15.8% since 2009, according to CardData and the Federal Reserve.
Approximately 17% of American shoppers plan to open a store credit card to purchase a holiday gift this year. Overall shoppers anticipate spending $757.57 this year on holiday shopping, up from $721.96 last year.
While consumers globally are concerned about the financial loss due to payment fraud, their chief concern is the time required to fix the problems created by fraud. This was the top concern for 68% of respondents in the US, 60% percent in Canada and 51% in the UK.
US federal proposals released tighten regulation of the prepaid card market may spur a consolidation of small, high-fee prepaid issuers who may be less transparent or uncompetitive, while boosting low-cost, more transparent providers, according to Fitch Ratings. The new consumer-friendly rules should further bolster growth in prepaid card usage by enabling consumers to more easily make informed decisions on card fees and features. Among the many prepaid issuers in the US, fee structures can vary widely and standardized disclosures may push consumers toward lower cost, greater feature providers. We do not believe the new rules pose a serious threat to major card issuing banks, given underlying prepaid customer demographics and actions taken by banks to offer their own prepaid cards. Prepaid card account consumers are gaining new protections that move the cards nearer to having the same disclosure and reporting protections that credit card users enjoy. The total fees paid for prepaid credit products would not be allowed to exceed 25% of the credit limit. In an effort led by the Consumer Finance Protection Bureau, the protections would be promulgated under US Electronic Fund Transfer Act and The Truth in Lending Act of 2009.
Boston-based StreetSmart has unveiled the world’s smartest wallet which includes a built-in Bluetooth LE locator, USB sync cable and a backup battery station for charging on the go.