AZ-based Electronic Commerce International (ECI) has hopped on the Apple Pay bandwagon. Small and mid-sized merchants can now take advantage of this fast and secure in-store payment method via ECI.
CardWeb.com’s CardWatch database of more than 57,000 marketing items today features the Visa Checkout “Eye on the Ball” television ad.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Drew Mize, Chief Operating Officer of Pinnacle Corporation.
The Electronic Payments Association announced that Jason Dorsey, Chief Strategy Officer at The Center for Generational Kinetics, and “Meet the Press” moderator Chuck Todd will serve as the keynote speakers for the PAYMENTS 2015 conference on April 19-22 in New Orleans.
Prepaid card king Blackhawk Network launched a new division dedicated to providing customized engagement, incentive and rebate programs for consumers, employees and sales channels.
Tinkoff Bank credit card issuer selected IRIS Analytics’ fraud prevention solution, IRIS, as its central fraud prevention system for all payment channels. IRIS has been provided to Tinkoff Bank by Wincor Nixdorf, key partner of IRIS Analytics for worldwide sales, implementation and post-sales support. The Wincor Nixdorf Russia organisation was quick to see the potential of IRIS in their market, and this is their second new business win with IRIS. IRIS puts Tinkoff Bank into the unique position of securely detecting fraud patterns that involve multiple payment channels in real-time. IRIS contains unique functionality that enables merging transaction histories for any number and type of payment channels.
SIX Payment Services saw online transaction volumes rise in 2014 alongside constant increases in traditional card payments using credit and debit cards at the point of sale. The range and volume of payment transactions made online, in high street stores and through a variety of other locations offering goods and services continued to expand in tandem with technical innovations. Mobile wallets, which became a hot topic in 2014, are likely to gain momentum in 2015 with the launch of Apple Pay. We also anticipate that NFC payments (near field communication) and omni-channel solutions will effectively remove the dividing line between online and offline activities. SIX Payment Services saw global transaction volumes increase 10%, rising from 1.195 billion in 2013 to 1.315 billion in 2014. The total transaction volume (MSV) amounted to EUR 57.5 billion. Almost half the transactions (48%) came from the international business of SIX. The number of cards processed increased by 2% to 25.7 million in 2014.
U.S. credit card outstandings, among the Big 6 credit card issuers, rose a measly 2.3% year-on-year (Y/Y) for the fourth quarter to $486.8 billion. American Express (AXP) and Capital One (COF) lead the pack with 7.2% and 6.0% increases, respectively.
London-based Bytemark has been awarded a major contract to create a mobile payments infrastructure and smartphone app for the FutureRailway program in the UK. FutureRailway operates as a collaboration between RSSB and Network Rail and was originally established to accelerate the uptake of innovation within the rail industry.
There is little doubt Apple Pay has set the stage for mobile payments as iPhone unit sales hit 74.5 million in the fourth quarter. Apple Pay currently accounts for two out of every three dollars spent in contactless payments over the top three payment networks.
Miami-based CenPOS has inked a mutually exclusive processing and acquiring services agreement with Bank of The Bahamas (BOB). These services include mobile processing, EBPP, integrated payment solutions, shopping carts, Point-to-Point encryption, tokenization, recurring billing, and Mobile Wallet.
MN-based TCF Bank announced the availability of Apple Pay for its debit and credit cards. TCF has 382 branches in Minnesota, Illinois, Michigan, Colorado, Wisconsin, Indiana, Arizona and South Dakota, providing retail and commercial banking services.