International (excluding the USA) Gross Dollar Volume (GDV) for Visa (VS) and MasterCard (MC) credit cards rose 6.3% year-on-year (Y/Y) in the first quarter (Q1/14). MC’s growth in international credit cards GDV outpaced VS by 280 basis points (bps), according to CardData. During Q1/14 VS and MC produced $892 billion in international credit card GDV, compared to $968 billion in the prior quarter and $839 billion one-year ago.
Wallaby Financial mobile and web-based credit card optimization has named Scott Grimes as its Senior Vice President, Risk and Operations.He will oversee all risk, corporate compliance, data security, and operations for the fast growing financial services company. This newly created role is in response to Wallaby’s emergence as a leader in credit card optimization solutions. Mr. Grimes is a risk management professional with over twenty years experience in fraud, AML and compliance functions. He was previously Vice President, Risk Management at Green Dot Corporation from 2007 to 2013. Prior to joining Green Dot, Mr. Grimes also served in senior executive roles focused on risk and compliance at Target Corporation and Capital One Financial Corporation.
mopay announced the signing of a global carrier billing deal with the leading Chinese mobile gaming company Chukong Technologies (“Chukong”). The Beijing-based company has decided to integrate mopay’s Android software development kit (SDK) solution as an essential element in the overall billing module for game developers worldwide. The mopay interface will serve as Chukong’s Android default solution for a consumer that wants to pay for digital goods and services via carrier billing.
Braintree v.zero SDK foundation for accepting payments is now available with customizable drop-in UI features across platforms, and for the first time enables Pay with PayPal. And though we’re offering so much more in our new v.zero SDK — we’ve made it even easier to integrate. With the new Braintree v.zero SDK, developers can set up payments and be up and running within 15 minutes (or less), while maintaining full control of their user experience. The Braintree v.zero SDK features Pay with PayPal options, a fully optimized Drop-in UI, and is built to stand the test of time – any future feature updates will be simple to add so businesses always have easy access to the best-in-class platform and latest features.
Aconite’s Smart EMV Manager system been interfaced to the Visa Mobile Gateway to enable remote management of the EMV application at the heart of the Tap n Pay service – the first mobile phone application for contactless payments in the Greek market, introduced by one of Greece’s leading banks together with one of the world’s leading mobile network operators in partnership with Visa Europe and First Data.
BitFury Group, the leading Bitcoin infrastructure provider, announced it is launching “BitFury Capital”: a seed investment fund. The fund will leverage BitFury’s leading position in bitcoin and cryptocurrency infrastructure to accelerate other parts of the ecosystem through strategic partnerships, and expansion into adjacent business opportunities.
Optimal Payments payment solutions and Oink payment technology partnered to offer merchants using the NETBANX® payment gateway an additional payment method for teens and their families to pay and manage their money online, securely and easily. Oink is the only payment technology that helps kids and teens manage their money online and on mobile devices, under parental guidance and control. It allows ecommerce merchants to reach consumers under 21, in a secure, legal and effective manner while remaining compliant with FTC and COPPA regulations.
Ecomdash announced today it is now integrated with the ecommerce platform, Magento. The newest integration makes it easier for Magento customers to manage inventory, sales orders and shipping across multiple marketplaces. Ecomdash automatically syncs sales orders and inventory levels between Magento storefronts and channels including Amazon, eBay and Etsy. The web-based software application gives online sellers a complete view of business operations from a centralized dashboard.
Tieto has signed a five-year agreement to provide Swedish Volvofinans Bank with extensive IT infrastructure, including a crucial data protection solution covering the bank’s 1.1 million Volvo Card holders. The order is initially estimated at around EUR 7 million. This will provide Volvofinans Bank IT infrastructure and end-user services, including management on several IT platforms. Tieto will operate parts of the server environment according to the international Payment Card Industry Data Security Standard (PCI DSS) – a protection standard endorsed by organizations such as American Express, MasterCard Worldwide and Visa Inc.
Anderson Zaks Payment Services partnered Datecs to develop a fully secure, scalable m-POS solution. This combines Datecs’ BluePad 50 universal mobile payment device with Anderson Zaks’ RedCard payment processing service and is fully compatible with EPOS solutions running on Android, Win8 and iOS tablets. The system includes point to point encryption from the PIN pad to the RedCard software, providing a payments solution that can be used with confidence in a mobile EPOS (or m-POS) environment, and reduces the PCI scope for the merchant or retailer. Anderson Zaks RedCard Processing Service offers easy integration and supports credit, debit, ETU, DCC, gift and contactless and NFC payment card types.