MasterCard has launched a new disruption to the payments ecosystem with the launch of MasterCard Send. MasterCard Send is the only personal payments service that can reach virtually all U.S. debit card accounts and enable funds to be sent and received typically within seconds.
Digital payments are coming of age as Visa Checkout increases consumer engagement and higher order values for online merchants. A new report from comScore found that Visa Checkout shoppers convert to online buyers at a rate of 69%.
Oberthur Technologies has gone over the top with the unveiling of the first payment card integrating a dynamic cryptogram solution. This world-first replaces the three-figure security code on the back of the card with a ‘mini-screen’ displaying a code that automatically changes periodically.
Indonesia’s Finnet currently uses the WAY4 platform for transaction switching between more than 60 banks and 20 billing companies. WAY4 is expected to support 120 million transactions in 2015.
Montreal-based Lightspeed POS finds big data’s days as just a buzzword for big business are over. Smaller retailers have realized that data-backed insights into customers’ buying patterns can help them provide suggestions and boost sales.
Chicago-based Vibes’ Catapult Wallet Manager platform now supports Apple Watch. Vibes sends more branded content (coupons, loyalty cards, etc.) to Passbook than any other tech company.
NY-based HYPR is releasing its Biometric Security Integration Kit, an end-to-end biometric security suite intended for developers and manufacturers across the ever-expanding Internet of Things (IoT). The kits are expected to ship in July in the U.S., Canada, and Europe.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features John Perry, Chief Executive Officer of Bluefin.
The UK’s first supermarket bank has formed a new relationship with Western Union. The agreement also includes making Western Union’s consumer-to-consumer (C2C) money transfer services available in future Sainsbury’s Travel Money bureaux.
Diners Club and Alternatifbank (ABank) have inked an agreement to form a new Diners Club International issuing franchise in Turkey. The agreement makes ABank the exclusive Diners Club card issuing franchise in Turkey.
CardWeb.com’s CardData database of Company Profiles today features BitPay.