Velocity has picked up one of the largest ever Series A funding rounds for a UK-based company. Velocity is the lifestyle app empowering diners to pay and earn rewards directly from their phone.
Entrust Datacard has introduced Datacard Adaptive Issuance Remote Monitoring and Management Software, the first-ever intelligent command center that enables banks and credit unions to easily manage their entire fleet of in-branch instant card issuance devices from a single web-based dashboard.
Updated figures, based on regression analysis, shows gross dollar volume (GDV) for Visa, MasterCard, American Express and Discover cards (credit + debit) globally will rise 7.1% on a currency adjusted basis (FX) for the second quarter. RAM Research projects global GDV of $3587 billion for the second quarter.
Due to exponential smoothing purchase dollar volume (PDV) for Visa, MasterCard, Discover and American Express U.S. credit cards is expected to exceed $4.2 trillion annually by year-end 2019. According to forecaster RAM Research, the U.S. PDV for the U.S. credit card industry is growing at a CAGR of 10.1%.
British Columbia-based PayByPhone is disrupting the traditional parking landscape for cities and consumers. With the introduction of initiatives such as Google’s Sidewalk Labs, there is increasing pressure on technology developers to provide better solutions for urban living.
YapStone announced RentPayment, its online and mobile payment solution for the apartment rental industry, will now report rental payment information using TransUnion’s Resident Credit. The integration with ResidentCredit will offer a prompt, seamless reporting process for property managers and residents.