Mobile money has been growing rapidly over the past few years, and with 255 services in 89 countries, mobile money is now available in 61% of developing markets.
CO-based CPI Card Group has inked a deal with the Independent Community Bankers of America (ICBA) as the ICBA Preferred Service Provider for instant issuance payment solutions. The expansion comes through ICBA’s recognition of CPI’s Card@Once technology.
MasterCard has formed a global partnership with Cubic Transportation Systems to create a better transit experience. As part of the agreement, MasterPass, MasterCard’s secure digital payment service, will be integrated with Cubic’s NextWave ticketing and journey planning app.
TrialPay, a privately held company with an offers platform that connects merchants with millions of consumers through targeted promotions is being acquired by Visa.
Linkable Networks has snagged $11.7 million in funding along with three key executive team hires. Since 2011 Linkable has been building a scalable platform that provides brands and retailers the ability to engage, reward and incent their consumers directly and across any channel – online, mobile and in-store.
FIME and Thales are making a joint offering for the host card emulation (HCE) mobile services market. The partners have combined expertise to provide near field communication (NFC) service providers and issuing banks with a complete three-phase portfolio of functional and security consultancy and testing services.
Barclaycard US and Bank of Hawaii have teamed with Hawaiian Airlines to launch two new co-branded MasterCards. Both cards offer a sign-up or activation bonus of 35,000 miles and a one-time 50% discount on a coach roundtrip companion airfare between Hawai’i and North America on Hawaiian Airlines.
A proof-of-concept connected car to test mobile and online purchases on the go is the works. Visa, Pizza Hut and Accenture have teamed to develop a connected car for commerce a reality.
With more than 700 Mobile Network Operators (MNOs) globally, all with different billing systems, it should come as no surprise that even the most ambitious app stores have not yet achieved 100 MNO activations.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Dennis Byrnes, Executive Vice President, Chief Administrative Officer of ACI Worldwide.
Last year Visa, Chase and Bharti Airtel launched the Airtel Money Visa Card in Kenya and this year are taking their partnership into seven new African markets. New Delhi-based Airtel is a global telecommunications company with operations in 20 countries across Asia and Africa.
New research, based on social media, finds that the confusion and concern over safety and security of mobile payments has been replaced with conversations about tokenization and biometrics.