Mobile app users are spending $7.40 on paid-for apps every three months and $9.20 on in-app transactions, resulting in a quarter more spending on in-app transactions According to an online consumer survey by Gartner, app users spend 24% more on in-app transactions than on upfront app payments. The survey found that younger people are more…
ZOZI announced the launch of robust ticketing capabilities for its Software as a Service (SaaS) bookings, payments, and reservations platform, ZOZI Advance. The ZOZI Advance software platform already helps thousands of activity businesses across nearly 90 countries grow their business, process online bookings, manage complex reservations, and accept EMV mobile payments on iOS devices. In…
JCB has inked a license agreement for issuing prepaid cards for abroad (electronic travel checks) with Ctrip Financial Service (Hong Kong) Limited, which is the first online travel agency in China. Ctrip operates websites and apps and provides online reservation services mainly in China for travel related products such as hotel, airline tickets and railway…
Total Visa and MasterCard processed transactions (TX) in the first quarter (1Q/16) hovers below year-on-year (YOY) growth rates of the past three years, but showing an uptick. MasterCard, is by far running away with significant YOY gains over Visa, posting double-digit gains versus Visa’s single-digit gains in 1Q/16. Combined Visa and MasterCard processed 31,076 million…
Wincor Nixdorf reports it has shipped its 100,000th ProCash 280 globally. The recipient of the recently rolled out 100,000th ProCash 280 is one of the top banks in Thailand. Wincor Nixdor shipped its first ProCash 280 system in 2010, has since expanded its footprint to 125 customers in 65 countries across five continents. The success…
The latest Consumer Financial Protection Bureau (CFPB) monthly consumer complaint snapshot finds credit reporting complaints lead the pack, but bank credit card issuers land second place. However, overall credit card complaints declined 2%. By average monthly complaint volume, Equifax (1,014), Experian (911), (765) were the most-complained-about companies for December 2015. Capital One experienced the greatest…
More than 100 coders, designers and developers from around the UK will take part in MasterCard’s Trip Hack – a three-day hackathon that is being run by London & Partners, with the backing of British Airways and Transport for London. The hackathon, which will take place at The Trampery in Shoreditch, will see the coders…
In Other News: GEMALTO (award); ACI (award); ADS (Forever 21); and FISERV (John Deere). GEMALTO – Gemalto has been named a winner in the 2016 Cybersecurity Excellence Awards. Gemalto’s SafeNet Authentication Service was voted best Multi-Factor Authentication Service by the 300,000 member LinkedIn Information Security Community. SafeNet Authentication Service is a cloud-based multi-factor authentication solution that…
Scandinavia’s Nets is on-boarding Nordic issuer portfolio’s in credit cards and sales finance onto WAY4, the e-payment processing framework developed by OpenWay. Card portfolios of five banks in Finland, Norway and Denmark are already being processed on WAY4 and soon also the migration in Sweden will be completed. For now the payment transactions of more…
Atlanta-based Sionic Mobile reports its proprietary, mobile-to-mobile, three-digit checkout process is gaining traction among small business owners. Requiring no new hardware or upfront investment, ION Loyalty provides small business owners with mobile checkouts that are faster, easier and safer than cash or plastic – a preferred alternative to Square, PayPal Here and others – along…
A new report shows 70% of prepaid cards are not transparent on fees and setting themselves up for tougher regulations. Only American Express Bluebird, American Express Serve and Green Dot Visa Gold are fully transparent. ARTICLE: A new report shows 70% of prepaid cards are not transparent on fees and setting themselves up for tougher…
MasterCard’s cross-border transaction volume, on a currency adjusted basis (FX), exploded in the first quarter (1Q/16) outpacing Visa for the first time by 130 basis points (bps) year-on-year (YOY). Sequentially, quarter-to-quarter (QTQ), MasterCard scored a 540 bps YOY gain, compared to Visa’s 100 bps gain YOY. Cross-border volume refers to payments and cash volume where…