Profits among the world’s largest payment card networks rose 4.4% in the third quarter (Q2/14), compared to one year ago. However, sequentially net income dipped by 5.1%, according to CardData.
The recent decision by CVS and Rite Aid to block contactless payments Apple Pay and Google Wallet in their stores may have incentivized litgation.
The 37 million Americans who carry AARP membership cards now have the capability to “swipe-and-save” at merchants. The newly issued cards are powered by InComm’s proprietary Enhanced Payment Platform.
Sweden’s Seamless snagged a top First Data executive to manage its expansion into the USA. Seamless is the company behind the mobile payment solution SEQR.
A dynamic currency conversion (DCC) solution for the hospitality industry has been introduced in Canada. Global Payments and Planet Payment have teamed for the solution.
North American Bancard introduced PayAnywhere 3.0. It will come pre-loaded on all PayAnywhere Storefront tablets.
Having endured its third recession last year the Finnish payment cards market has gone soft and may remain so for the next few years.
A new survey finds 93% of business owners are not planning on upgrading their existing terminals to be able to accept contactless NFC payment options.
SumUp has integrated Bitcoin into its mPOS solution through BitPay. The integration means that any bricks and mortar retailer can now easily accept Bitcoin payments. With SumUp’s streamlined checkout process, the customer simply confirms the amount with a single click on their smartphone after scanning a QR code or using NFC broadcast. For merchants, accepting Bitcoin payments means that issues with fraud concerns or credit card chargebacks are erased from the equation. After having launched a proprietary Chip & PIN terminal in its major European markets, SumUp is now building an open network by accepting different alternative payment options, such as Bitcoin and soon to follow Apple Pay.
France’s largest merchant acquirer by volume, has signed an agreement that will grow Discover and Diners Club card acceptance in France.
V.me by Visa is now in pilot with major banks in Norway, Sweden, Italy and Germany, taking the number of markets live or in pilot across Europe to eight.
Atlanta-based Bluefin Payment Systems has released Decryptx, a PCI-validated Point-to-Point Encryption (P2PE) Solution.