Online and mobile payments worldwide may reach three trillion Euros by 2018, with m-payments outpacing e-payments and the total payments market. The Asia-Pacific region, particularly China, is expected to overtake North America to be the largest online retail market within a few years.
A general purpose prepaid card with employee spend controls for business owners has entered the U.S. market. San Francisco startup Bento for Business is now offering a prepaid commercial MasterCard.
As expected the Consumer Financial Protection Bureau (CFPB) posse is circling the wagons of the payday loan industry. The CFPB says this week its mission is to end payday debt traps by requiring lenders to take steps to make sure consumers can repay their loans and not make loans on purely on the ability to collect from consumers.
Vending machines to sell Prepaid SIM cards for short-term business travelers and tourists have been rolled out in two locations in Japan, namely AQUA CITY ODAIBA and New Kansai International Airport.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Ron Casciano, President and Chief Executive Officer for PAR Technology Corporation.
Next week FIS will become the first provider to offer fingerprint access to its Cardless Cash ATM application when it allows fingerprint authentication. The FIS One-touch CardLess Cash is revolutionary in the U.S. market.
While payment products are quickly penetrating African consumer markets they are primarily used for income dispensing by not for payments. South Africa, Nigeria, Tanzania, Uganda and Egypt have advanced in enabling access to and driving usage of different financial products including payments, lending, long-term savings or investments, and insurance.
Standing joke: Got a heartbeat and a phone and hopefully a job? – you can likely qualify for a store credit card. The largest provider of private label credit cards in the U.S. is enabling consumers to complete a card application from with a mobile phone.
In today’s CardFlash News Que: FORTER (CNP); ACCULYNK (PaySecure); BBVA (Award); and POWA (Banq POS).
CardWeb.com’s CardConferences today features the TRANSACT 2015 event, March 31 – April 2 at the Moscone Center in San Francisco, California. This is the paramount event in payments and technology.
CardWeb.com’s CardData Reports today features the “Insight Report: Best Practice in Frequent Flyer Credit Cards” report. This report analyzes emerging trends and industry best practices in offering credit cards targeted at frequent flyers.
CardWeb.com’s CardWatch database of more than 57,000 marketing items today features the MasterCard “Priceless Lessons – Egypt” TV ad.
