American Express is committed to make Apple Pay to be available in key global markets allowing its cardholders to pay on the go with an iPhone, Apple Watch or iPad. Apple Pay is expected to be available for Card Members in Canada and Australia this year and in Spain, Singapore and Hong Kong in 2016.
New research shows the average cost of a data breach to a company last year was $3.8 million, a 23% increase from 2013. About 84% of adults with incomes of $100K or more indicated that the security of their financial information was their greatest concern regarding their bank, as did 85% of adults who are college graduates.
Austin-based Eliot Management Group has added the Oceano Wave. This countertop package offers a solution to merchants who want the security of an EMV terminal with the convenience of a PIN pad that features both EMV and NFC technology.
Houston-based P97 Networks says they will launch a program to enable mobile commerce with Chase Pay to pay at the pump and make in-store purchases with their smart phones.
In today’s CardFlash News Que: PIVOTAL (FlexPoint); TARZIN (Circle Plus); IWALLET (patents) and UBERRUSH (Clover).
First Data posted 3Q/15 revenue of $2.9 billion, up 5% year-on-year (YOY). Segment revenue, which modifies consolidated revenue for pass-through items and other impacts, was $1.8 billion for the quarter, up 4% YOY, or up 7% excluding currency impacts.
Chase injected new iife into MCX and CurrentC with the launch of
Chase Pay. MCX – which includes retailers such as Walmart, Target, Best Buy and Shell – will be Chase Pay’s premier partner.
Europe’s most used mobile payment solution, SEQR is aiming for the launch of NFC (near field communications) payments in the first quarter of 2016.
Ingenico and TSYS announced a new semi-integrated solution to simplify the EMV certification process. TSYS is the first processor to Class A certify Ingenico Group’s new offering, which is designed to enable partners with the ability to easily build and deploy secure EMV and NFC solutions.
MasterCard has launched a major push to bring MasterCard payments to a wide array of consumer products across the automotive, fashion, technology, and wearables.
Visa has integrated token technology into Visa Checkout, the company’s online check out service used by merchants and consumers globally. Additionally, Visa is working with merchants to apply token technology to “cards-on-file.”
USA Technologies (USAT) is expanding its proprietary MORE rewards and loyalty program to partners nationwide, providing access to custom rewards and discount programs for all 333,000 locations connected to the ePort Connect service.