Total nonfarm payroll employment increased by 321,000 in November, and the unemployment rate was unchanged at 5.8%, will undoubtedly send the stock market to record highs today. The news from the BLS dovetails with the marked increase in payment card spending showing up on the nation’s top four networks in 2014.
Seal Beach, CA-based MagTek has unveiled the QwickPAY Pro payment solution for retail and restaurant owners’ iPads. It is available for free in the App Store, and it works with MagTek’s Made-for-Apple certified mobile card readers, secured by MagneSafe.
The world’s largest bitcoin payment processor has integrated with a mobile investment platform available worldwide. The deal between BitPay and DriveWealth will become the first financial services company to allow users to fund their account with bitcoin.
NY-based Shield Cards says it is currently manufacturing a new method of protection that does not necessitate replacing the user’s wallet or passport holder. Shield Cards are lightweight, economical, and can fit in any wallet or card carrier.
The Cambodian cards and payments industry, including debit and credit cards is soaring by a compound annual growth rate (CAGR) of 26.31% since 2009.
Centre Des Monuments Nationaux (CMN), which conserves and restores historic monuments in France has inked a deal with JCB International (JCBI). The partnership will support the CMN’s development of digital tools for the iconic World Heritage sites such as the Arc de Triomphe and Villa Cavrois, which will open its doors in June 2015.
The Commodity Futures Trading Commission (CFTC) has approved the National Futures Association (NFA) prohibition of credit cards to fund retail Forex accounts.
Global specialty bebe stores says it recently was successful in blocking an attack on its computers that operate the payment processing system.
The Bitcoin disruption to Western Union and Xoom paradigms are real as Bitcoin continues to thrive. Bypassing the expensive fees and onerous regulatory requirements of international correspondent banking channels, the backbone of global money transmission today, Bitcoin-backed remittance evangelists claim they will both do good and make a profit.
Mobile phone and tablet users will make 195 billion mobile commerce transactions annually by 2019, up from 72 billion this year. The highest net increase in transaction volumes will occur in the digital goods sector, fueled by a surge in micro-payments for in-app purchases, notably within arenas such as social gaming.
Staples has rolled-out a world-class platform that makes it easy for suppliers to offer products to Staples customers. Staples Exchange, Staples’ new e-commerce platform for vendors, features user-friendly dashboards with real time and historical reporting.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Robert Carr, Chairman and Chief Executive Officer of Heartland Payment Systems (HPS).