NY-based inLighten’s iGIVE Digital Donation Kiosks are now considered the “Hot Religious Product” of the year. iGIVE enables churches to accept donations via cash, check, credit/debit card and online payment services.
Austin-based Buzz Points has named Dwayne Spradlin as Chief Executive Officer. Since its launch, Buzz Points has expanded to 32 markets in 24 states.
Fiserv launched CardValet mobile card management application allowing financial institutions to improve cardholder engagement and reduce fraud losses. In doing so it allows cardholders to monitor and control how, when and where their cards are used. CardValet from Fiserv is a turnkey mobile application that can be downloaded from the Apple App Store or Google Play Store. Using CardValet, cardholders can turn their card off when their card is not in use, establish spending limits to allow transactions up to a certain dollar value and decline transactions when amounts exceed predefined thresholds. Transactions can be monitored or controlled for specific merchant categories, such as travel, restaurants, or entertainment, and can be denied or reported for specific types of merchants. Alerts can also be established to inform cardholders of specific types of transactions and sent when a card is used, when a transaction is approved and exceeds any of the permitted use policies, or when a card transaction has been attempted.
NY-based ShopKeep has introduced a new iOS mobile reporting application that enables merchants to quickly access their business data in real-time, wherever they are. The cloud-based technology provider has more than 16,000 registers in use by retail shops, restaurants, and other organizations.
After a pilot with Adelman Travel, CSI says its globalVCard is ready for prime time. CSI’s virtual card and mobile technology meets the biggest challenges of the corporate travel procurement industry: compliance, security, and hotel direct billing.
Luxembourg-based Yapital and TOTAL have teamed to deliver the first European cashless cross-channel payment solution. The rollout to the TOTAL petrol station network in Germany will be completed by summer 2015.
Movistar and MasterCard launched “Your Mobile Money” electronic money service to provide offer significant savings in their money transfers. The service is available in 20 of the country’s departments to Movistar’s 16 million plus mobile customers, allowing customers to access an electronic money account. It creates a link their telephone number to their “Your Mobile Money” card, and will be able to make financial transactions such as sending and receiving money from a cell phone. It ultimately makes card purchases at MasterCard-affiliated establishments, and replenishing the balances of their own or third-party cellphones.
After completing a four-month nationwide rollout of its Preferred Rewards program in October, Bank of America launched a major advertising campaign this week to round up more enrollees.
NCR consumer transaction technologies signed agreement to build a new world headquarters campus in Atlanta. This will enable the company to continue to attract talent to support its hardware-enabled, software-driven business. The new campus will be located at Centergy North at Technology Square on Spring Street, and will provide NCR with a state-of-the-art presence. In addition to helping the company consolidate a number of disparate facilities into unified and contemporary work environments and will allow retail and hospitality customers from all over the world to experience NCR technology solutions.
London-based Monitise has partnered with the MoneyPass Network to offer a range of advanced Mobile Money services and card control capabilities to card issuers in the U.S. The MoneyPass Network is operated by Elan Financial Services, a division of U.S. Bank.
Chase reported record purchase dollar volume (PDV) in the fourth quarter of $123.6 billion, up 9.8% year-on-year (Y/Y). The number of active credit card accounts also ticked up to 34.0 million, a 5% increase over end-of-year (EOY) 2013.
The Pakistan payment card market is growing leaps and bounds, driven by government economic reforms, resulting in a 26% compound annual growth rate (CAGR). More than 29 million credit and debit cards were in force (CIF) at end-of-year (EOY) 2014.