Restaurant, QSR and food court owners are blessed with a new suite of mobile apps from India’s RanceLab. The new FusionMobi includes Mobile-POS and E-menu, which allow the guests to view the menu choices with pictures and descriptions enabling them to select and order dishes with confidence. It also saves the hassles of reprinting the…
The new Dubai First MasterCard is being jazzed-up by MasterCard, Uber and Dubai First to exclusive deals and benefits. One of most important benefits comes from Uber. Dubai First MasterCard cardholders receive a 10% discount on Uber trips. New and existing Uber customers using a Dubai First MasterCard Credit Card can also take advantage of…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Capital One’s (COF) international (mostly U.K.) credit card purchase dollar volume (PDV) soared 24.5% year-on-year (YOY) not currency adjusted (FX), while net income increased 3.2% YOY in the fourth quarter (4Q/15). Outstandings, not FX, were flat YOY in 4Q/15 at $8.2 billion, but up 2.5% quarter-to-quarter (QTQ). For 4Q/15, COF reported…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Gross or open accounts (GAC) for U.S. credit cards among the Big 6 U.S issuers edged up 0.4% year-on-year (YOY) in the fourth quarter (4Q/15) to 270.7 million, compared to 272.0 million in the prior quarter, and 269.7 million one-year ago. The growth is driven by Capital One and American Express…
In Other News: CARDFLIGHT (Miura); CHARGEBACKS911 (Target); CONFORMANCE (products); and WORLDREMIT (AU). CARDFLIGHT – CardFlight, a mobile point of sale (POS) technology provider, and Miura Systems, the global leading provider of innovative secure electronic payment hardware, are announcing a partnership to offer a new mPOS solution in the United States market via CardFlight’s mobile POS…
Synchrony Financial has been on a product roll-out binge with the latest: the Marvel MasterCard with cashback rewards. Qualifying cardholders earn 3% cashback for purchases made on select entertainment, dining, and online at marvel.com and Marvel’s official merchandise booths. Cardholders can also earn 1% cashback rewards on all other Marvel MasterCard purchases1. All cashback rewards…
New research shows consumers’ billing and bill payment behavior is linked to three factors: speed, security and satisfaction. Consumers want a bill payment experience that is as easy, convenient and intuitive as a push of the button. The Eighth Annual Billing Household Survey from Fiserv also revealed consumers want a fast and easy way to…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Global investment in fintech ventures in the first quarter reached $5.3 billion, a 67% increase over the same period in 2015, and the percentage of investments going to fintech companies in Europe and Asia-Pacific nearly doubled to 62%. ARTICLE: Global investment in fintech ventures in the first quarter reached $5.3 billion,…
In Other News: CMS (investors); CA (Nationwide); VANCO (ACS); and GREEN DOT (Board). CMS – A group of investors including GCP Capital Partners, Western Heritage Capital, and Performance Equity Management have acquired a significant stake in Complete Merchant Solutions, a provider of merchant acquisition services, credit card/debit card transaction processing services, and payment solutions. Terms…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. Credit Cards-in-Force (CIF) among the Big 6 issuers were up 1.7% year-on-year (YOY) at the end of the fourth quarter, up 5.9 million cards to 354.3 million cards. Capital One posted the largest gain, followed by American Express and Discover. The other three showed flat growth or a contraction in…
Corporate payment solutions provider, WEX, has introduced a new mobile app enabling business managers access to their account information anytime and anywhere. Fleet SmartHub also helps improve efficiencies, reduce late fees, gain valuable insights and control unauthorized driver spending. The first-of-its-kind mobile app, SmartHub provides convenient, real-time access to features that allow fleet managers the…
Infinite Peripherals’ new DPP-255 mobile printer hits the market offering a high-speed receipt plus label printer. This MFi-certified compact unit has a print speed of 100mm/s, and supports iOS, Android and Windows. Among the fastest mobile printers in its class, the DPP-255 supports the iPad®, iPhone and iPod touch, along with devices running Android and…
