The number of mobile wallets using contactless technology is expected to reach 200 million by the end of 2016, representing growth of more than 100% from the end of 2014.
The online trading platform TradeEase was launched, as the first Chinese e-commerce platform for cross-border online trading specialized and customized for Russian market.
OH-based Open Cab announced the launch of a new app that enables users to book a cab worldwide without worrying about surge pricing or other inconveniences.
Acculynk has worked directly with the following regional debit networks including PULSE, Accel, Star, NYCE, Shazam and CU24 to launch a single Global True Debit gateway that enables dynamic least cost routing across these networks for e-Commerce transactions.
Brooklyn, NY-based Access One ATM, has partnered with ATM manufacturer Genmega to provide charitable donations at the ATM through a new program – Charity ATM.
Alliance Data Systems has introduced an EMV-based co-brand credit card solution with tap-and-pay functionality for its retail partners. The first of these dual-interface chip cards are co-branded with MasterCard and BJ’s Wholesale Club and the Fuel Rewards program.
Bankrate has reached a final settlement with the Securities and Exchange Commission that concludes the company’s part in its investigation related to its historical financial reporting for the quarter ended June 30, 2012.
London-based Towry, the wealth adviser, is launching a new online portal, My Towry allowing its clients to access all their personal financial information in one place.
Performance Horizon added two executives to meet the company’s growing global IT and communications needs. Alistair Wyse was appointed Chief Information Officer and Erik Mikisch was named Vice President of Marketing.
In today’s CardFlash News Que: PAYITSIMPLE (awards); SYNCHRONY (speeches); FISERV (DNA) and B2B SOFT (exhibit).
In the wake of China opening up is network Visa and MasterCard on June 1st China UnionPay (CUP) transaction volume continues to explode racking up a stunning 48% increase in 2014, following a solid gain of 37% in 2012. Last year, CUP’s bankcard interbank transaction volume hit 32.3 trillion yuan (US$ 5.18 trillion).
Japan’s JCB continues this year to expand its worldwide acceptance and issuance with new deals in Europe, as well as the LAC, ME and AP regions. Based on current metrics JCB is expected to surpass the US$500 billion in annual transaction value milestone by end-of-year (EOY) 2019. JCB racked up US$223 billion in transaction value last year, according to CardData.