CardFlash News Briefs: INSIDE (award); KOUNT (funding); I2C (Canada); and COMDATA (network).
Los Angeles-based Allied Wallet has the something in common with Democratic White House contender Hillary Clinton. Allied’s CEO Andy Khawaja met with Hillary Clinton to share their affinity for entrepreneurs.
Munich-based Giesecke & Devrient (G&D) has inked a deal with Aeris, a specialist in the Internet of Things (IoT) market and Machine-to-Machine (M2M) communications. The wide range of M2M devices includes POS.
New research finds more than 50% of all cards in use now have EMV chips on them. From October to November, the percent grew 5% as banks and card issuers accelerated their rollout of new chip cards.
Seoul-based Bluebird has unleashed five brand new products on the payments market. The new gizmos include the EF500, EF500R, ET100, RT100, and MT280.
Verifone has added another gizmo to its mobile point-of-sale (mPOS) portfolio. The new Verifone e265 offers independent and micro merchants the flexibility to accept all major payment types and integrate with smart devices for value-added commerce capabilities.
UnionPay has launched QuickPass in Beijing with more than 20 commercial banks. Consumers can pay not only with UnionPay cards but also via its mobile solution QuickPass.
Australian credit card outstandings edged up by 1.4% year-on-year (YOY) in October. Credit card credit limits increased 3.7% YOY and the number of credit card accounts rose 3.6% YOY.
Visa and MasterCard U.S. gross (open) payment card accounts (GAC) for the third quarter (3Q/15) grew 7.4% year-on-year (YOY). U.S. credit GAC was up 7.3% YOY and U.S. debit GAC increased 7.5% YOY in 3Q/15.
Atlanta-based Global Payments has inked a definitive agreement to acquire NJ-based Heartland Payment Systems.
The cash-and-stock transaction is valued around $4.3 billion.