U.S. mobile payment transactions are expected to reach $27 billion this year, with users spending an average of $721 annually. Globally, mobile commerce is expected to hit $425 billion in 2016 and $905 billion by 2020.
A new survey found 79% of consumers consider customer service as the most important aspect of their banking relationship, while 50% cited a financial institution’s technology offerings, and 80% said security what their top priority.
Toronto-based GoldMoney is on a “hockey stick” direction as gross revenues soar 2000% in the 3Q/15 calendar quarter from the prior quarter. Third quarter gross profit of $1.04 million for the Group which also includes BitGold.
Sweden has become the first Nordic country to issue MasterPass digital wallets. Nordea, SEB and Swedbank are the first banks to issue MasterPass, soon to be joined by ICA Banken and Resurs Bank.
The explosion in food trucks in the U.S. has created special POS and EMV needs. Tursus Software is capturing the opportunity by creating the Food on a Truck (FOAT) app.
Dollar General and Rite Aid have joined the growing American Express Serve Free Cash Reload network. Serve is AmEx’s general purpose prepaid card.
Krispy Kreme Doughnuts has teamed with NCR to build and deploy the Krispy Kreme Rewards app on the NCR Engage Mobile platform.
China’s Alibaba Group has ankled two managing directors for its European expansion. Sébastien Badault is now the managing director of Alibaba Group France, and Terry von Bibra is now managing director of Alibaba Group Germany.
The nation’s largest credit union service organization, in terms of number of credit unions, assets and members, has jumped on Visa Checkout and MasterPass bandwagons.
CardFlash News Briefs: ALLIED (IPO); SYNAPTICS (Nok Nok); VINDICIA (BBC); and TCF (FDC).