First Data released its First Data SpendTrend analysis for Feb. 1, 2014, through Feb. 28, 2014, tracking same-store POS data by credit, signature debit, PIN debit, EBT, closed-loop prepaid cards and checks. It showed dollar volume growth remained positive at 2.4%, but marked a slight slowdown versus January’s 2.5% growth as severe winter weather lingered…
Cardtronics announced a licensing agreement with BBVA Compass, providing the bank branding rights to more than 300 ATMs in H-E-B stores. The deal equates to a nearly 50% jump in the bank’s Texas ATM network, bringing its total to nearly 1,000 machines. The deal provides the bank with potential access to shoppers at more than 300 H-E-B operated stores. The agreement between Cardtronics and BBVA Compass is part of a growing relationship established in 2012. Prior to this H-E-B announcement, BBVA Compass had branded 268 Cardtronics-owned ATMs in convenience and grocery stores throughout Colorado and Texas.
First Data and International Bank of Commerce (IBC), announced that the companies signed a long-term extension for merchant services and payment solutions. IBC has been a partner since 2004 and First Data will continue to provide innovative business solutions to enable the bank’s clients to accept all forms of payments and grow their businesses. First Data will provide dynamic solutions throughout the IBC footprint and advance clients to a new era of payments using a consultative approach.
The NFC Forum announced that Thinfilm and Xerox Corporation have joined the NFC Forum at the Principal level. The first to commercialize printed rewritable memory, Thinfilm is creating printed system products that will include memory, sensing, display and wireless communication such as NFC -at a cost-per-functionality unmatched by any other electronic technology. Since the invention of Xerography more than 75 years ago, the people of Xerox have helped businesses simplify the way work gets done. Today, Xerox is the global leader in business process and document management, helping organizations of any size be more efficient so they can focus on their real business. Headquartered in Norwalk, Conn., more than 140,000 Xerox employees serve clients in 160 countries, providing business services, printing equipment and software for commercial and government organizations. The Principal level is the next-to-top tier of NFC Forum membership, and it includes significant participation opportunities.
Richard Wagner, CEO of Advanced Payment Solutions (APS) will chair the prestigious Mobile Money & Wallet Summit 2014, a two-day event in London on 18th and 19th March for the mobile money wallet ecosystem. The summit comes at a time when big questions are being asked about the future of mobile technology in money and banking. With the near-collapse and scandal surrounding the crypto-currency BitCoin, and a huge rise in contactless payment systems, the mobile payments’ industry now faces tough questions and challenges. APS has recently been recognised as one of the London Stock Exchange’s 1,000 companies to inspire Britain. In ten years, Richard has built APS up to be one of the most awarded electronic banking providers in Europe providing smart, fast, digital and mobile solutions which make it simple to send and receive payments.
SHAREIGHT highlighted the growing importance of mobile commerce as an investment opportunity by raising £600,000 in 24 hours from over 240 investors through the equity crowd funding platform Seedrs. The round is currently in an overfunding period and is expected to exceed £600,000 (US $1,000,000) today. SHAREIGHT has set new records for the speed and amount raised on the platform – excluding Seedrs’s own campaign in 2013. SHAREIGHT was founded to overcome the challenges faced by consumers who want to shop via their smartphone to aggregate everything on the high street into one designed-for-mobile platform that provides easy-to-use browsing, shopping, saving, communicating and sharing of products.
Throughout 2013 Visa cardholders used their contactless cards to make more than 94.3 million purchases in the UK, simply by tapping their cards, compared to just under 25 million contactless purchases in 2012, showing that UK consumers are embracing the ease and speed of contactless payments. Contactless purchases were not just up in the UK but across the whole of Europe, with Visa cards used to make a staggering 340.1 million contactless purchases across Europe last year. The number of contactless terminals has also risen by almost 200% and independent retailers making contactless payments available to customers with the number of terminals now over 300k. The stats also show a massive 125% increase on the number of Visa contactless cards in circulation compared to December 2012 to now 32.1 million Visa contactless cards in circulation in the UK with the European total reaching 80.6 million, a 158% increase on 2012.
Payza has formed a strategic relationship to provide credit and debit payment service to European Union merchants based on its highly successful, fully-featured Payza as a Platform enterprise solution. The company announced its Payza Merchant Gateway service in the U.S. last month. Payza as a Platform is currently being used in nearly every country around the world by over 75,000 merchants. The service offers highly competitive pricing, a wide range of supported payment methods, built-in security and fraud protection, strong merchant support, and a host of tools, features, and reporting options. Payza’s online payment platform also offers a recurring billing service for subscription based billing cycles, at no additional charge. The recurring billing feature has a variety of intervals and billing terms and is created at a product level so additional products can complement the basic subscription. Unlike other payment processors and merchant accounts that charge monthly, gateway and other service fees on top of transaction fees, the Payza Merchant Gateway only charges for the processed transactions.
MoneyGram teamed iinternational department store Debenhams to offer money transfer services to its customers. Debenhams’ customers will now be able to send and receive funds around the globe while doing their shopping at the 200-year old retailer in the UK. MoneyGram services are currently offered at 44 Debenhams locations across the UK via its Travel Money bureaus, with further store expansion planned in the coming months. It is anticipated that the new service will be used by thousands of new customers who will enjoy sending from such locations. For a leading retailer like Debenhams, offering the MoneyGram service to millions of customers wanting to send money to family and friends abroad creates a useful one-stop-shop on the high street.
MoneyGram has signed an agreement with Qingdao Rural Commercial Bank (Qingdao RCB). Based in Qingdao, one of the largest cities in the Shangdong province of China, the agreement enables convenient money transfer service access for both urban and rural Qingdao residents, and foreign expatriates sending funds back home to family in Qingdao and nearby cities. Money transfer services are now available at all 330 Qingdao RCB locations. Formed in 2012, Qingdao Rural Commercial Bank was first established in 1951 as rural credit cooperative. The company is the fastest growing financial organization in Shangdong province and is a nationally recognized brand in China.