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.
In today’s CardFlash News Que: VISA (Movember); American Express (Presido); SYNCHRONY (DoD); and REPORTLINKER (Europe).
MasterCard (MC) third quarter profits declined 3.7% year-on-year (YOY), or discounting special items up 1%, or up 9% on a currency adjusted basis (FX) to $977 million.
PayPal racked up a 10.2% gain in year-on-year (YOY) accounts to 173 million. Gross transactions soared by 25.1% from 972 million in Q3/14 to 1216 million for 3Q/15.
Gemalto posted revenue at €769 million, up +23% at historical exchange rates and +13% at constant exchange rates. Platforms & Services revenue soared +74% at constant exchange rates and +13% pro forma.
Toronto-based GoldMoney has launched the world’s first automated gold to fiat settlement technology enabling gold payments to instantly settle as fiat currency. The new feature can be found within the BitGold platform settings under “Automatic Redemptions” and allows BitGold users to set Automatic Redemptions Plans.
Barclaycard US has launched the #IHAVEARRIVED Travel Community contest, hosted by its Arrival MasterCard. Cardmembers who enter, have the opportunity to win an exclusive grand prize trip for two to the 58th Annual GRAMMY Awards in February 2016.
Tokyo-based JCB International will open an office in Silicon Valley under its subsidiary JCB USA on November 1. JCB says the opening an office in a location which is one of the origins of next-generation infrastructure technologies will enable JCB to keep up with the trends and develop strategic direction in cooperation with the world’s largest high-tech corporations.
The ATM channel has become the foundation for an increasing number of interactions with financial institutions and their customers and members. New research concludes ATMs are often filling many of the roles of traditional tellers, at least for day-to-day transactions.
New research finds if a bank offered a mobile wallet, 51% of the respondents are likely to use the bank-offered mobile wallet.
Also, 82.8% have a smartphone, but 12% of those with a smartphone do not plan on using a wallet of any kind just yet.
Starting October 30, UnionPay International, the exclusive sponsor of Mnet Asian Music Awards (MAMA), will offer multiple exclusive privileges, including that of buying tickets in advance, to its cardholders.