Western Union reported Consumer-to-Consumer (C2C) constant currency third quarter revenues increased 3%, while reported revenues declined 3%. Consumer-to-Business (C2B) revenues grew 6% in the quarter, or 10% constant currency, driven by the Argentina walk-in and the U.S. electronic bill payments businesses.
NJ-based Heartland Payment Systems (HPS) reported Small and Mid-Sized Enterprise (SME) Q3 transaction processing volume set a new quarterly record $24.5 billion, up 13.1% year-on-year (YOY). HPS also acquired privately held Digital Dining, a provider of restaurant point-of-sale (POS) and management systems throughout the USA.
San Diego-based Ecwid has collaborated with Square to offer retailers the ability to sell anywhere online and keep all channels in sync. Ecwid is available directly or through trusted partners and has over 900,000 registered merchants in 175 countries with support for 45 languages.
Navy Federal Credit Union, the world’s largest credit union, is adding Samsung Pay as a mobile payment option for its nearly six million members worldwide. The CU says credit cards alone saw total sales reach $1.18 billion in September.
Austin-based Mozido has ankled R. Todd Bradley as the company chief executive officer effective immediately. Bradley joins Mozido from TIBCO Software where he served as president of the Silicon Valley business software concern since June 2014.
Monet, the largest mPOS (Mobile POS) service provider in Pakistan, and China’s UnionPay jointly announced the launch of a mPOS acquiring service in Pakistan. The UnionPay mPOS solution is to be launched at fast food restaurants, express companies and in hospitals and on taxies.
MasterCard will kick off its Masters of Code competition via a London hackathon on November 14-15. London is the last of 12 global hackathons with 3,000 of the world’s best developers battling for USD 100,000 worth of prize money if they can come up with an innovation that uses MasterCard’s payments platform and benefits city dwellers.
San Francisco-based Snapcard, Bitcoin wallet & bitcoin payment processor, has teamed with UniPAY, an e-wallet company and payment service provider based in the country of Georgia.
The CARTES SECURE CONNEXION event this year features 33 SESAMES Awards finalists and the 5 Startup Challenge finalists. The SESAMES Awards will be presented on November 17th.
The MCX CEO said the agreement with Chase will link MCX’s extensive network of owner-merchants – which collectively process over a trillion dollars annually in transactions at more than 110,000 retail locations across the United States – with Chase, which is number one in total U.S. credit and debit payment volume.
ME-based fuel card kingpin, WEX, reported Q3/15 revenue rose 2% to $226.1 million. However, on a non-GAAP basis, the Company’s adjusted net income for the quarter decreased 25% to $49.9 million.
In today’s CardFlash News Que: VISA (Movember); American Express (Presido); SYNCHRONY (DoD); and REPORTLINKER (Europe).