NY-based StadiumPark is debuting its first payment application this month in Buffalo. The roll-out will at the Allpro Parking lot most conveniently serving the First Niagara Center when the Detroit Red Wings take on the Buffalo Sabers at the First Niagara Center.
Comprion test solutions for cell phones, extends its involvement in EMVCo activities. Testing for mobile payment is now required by the mobile operator association GSMA through their NFC Handset Test Book. Comprion joins EMVCo as a Technical Associate. The company offers its experience and expertise in detecting communication problems of the contactless interface used for mobile payment. Paying by cell phone is certainly a convenient way of purchasing everyday commodities; however, it is also a sensitive topic as the user’s private banking data are involved. A high degree of reliability of the deployed technology relying on comprehensive testing is the key success factor. Without testing, technology problems might lead to a lack of user acceptance. Therefore, the GSMA TS.27 NFC Handset Test Book demands that handsets to be used for mobile payment have to run through the EMVCo test plan.
Shift4 confirms it is working with Ingenico and Verifone to provide EMV-capable devices that also provide true security against breaches, simplify PCI compliance efforts, and ensure retailers are ready for EMV well in advance of the October liability shift date.
GoHenry banking tools for young people announced new features to help children and teens to easily budget and save. The feature has been introduced to kick off the New Year, when many of us set new goals for our financial lives. It’s been designed to encourage and motivate young people to plan and spend their pocket money and allowances wisely and stay within their means. Children and teens using goHenry now have the option to create multiple Savings Goals so they can save for the things they need and want. goHenry then suggests how much a user should save each week to reach their goal and automatically sets aside a recommended amount on a weekly basis to hit that target. Parents and relatives have the option to contribute towards Savings Goals if they wish. Users set the amount they need and set the date for when they want to reach their Savings Goal. Then goHenry suggests how much the child/teen needs to save each week to reach their goal and automatically pulls the amount they need each week from their pocket money payments into their Savings Goal.
Alipay has signed Hangzhou-based China Jo-Jo Drugstores to launch an online payment service. Through Alipay’ s popular services such as Alipay and Alipay Wallet, Chinese consumers can now make e-payment for China Jo-Jo’s products, in both retail and online pharmacies, through mobile devices such as smartphones.
2C2P payment services provider and Myanmar Citizens Bank launched the Citizen Card, a reloadable prepaid card accepted by MasterCard merchants globally. Supply of the Citizen’s Card will be limited to 5,000 units. Citizen Card can be obtained at any MCB branch in Myanmar. It is also available via the MCB website by filling out an online form. Cardholders will enjoy special benefits with merchant partners, in addition to waived sign-up fees. Existing cardholders can add value to their Citizen Card at any MCB outlet, with more top up options rolling out in 2015. According to McKinsey & Co, Myanmar is expected to quadruple the size of its economy from US$45 billion to over US$200 billion by 2030, with per capita GDP rising from US$1,300 in 2010 to $5,100 by 2030.
The decline in the U.S. bank credit card delinquency ratio will likely remain flat in the fourth quarter and then reverse course for all of 2015. On a weighted basis 30+ day delinquency will should come in around 2.29%, while the unweighted ratio should edge up slightly to 2.17% for the fourth quarter.
Bank credit card charge-offs, among the Top 100 U.S. banks, continue to decline in the third quarter to 3.01%. The ratio is the lowest since the third quarter of 1985. The ratio is down 31 basis points (bps) from one year ago, down 87 bps from two years ago and down a stunning 736 bps from five years ago.
Colombian payment cards (including debit and credit cards) logged a compound annual growth rate (CAGR) of 8.05% since 2009 and increasing from 22.6 million in 2009 to 33.2 million cards-in-force (CIF) in 2014. In 2013, the average transaction value (ATV) in Colombia was US$121, which was the second-highest in the Latin-American region.
LoopPay has ankled two new OEM partners that will embed its technology into their products to let consumers turn their smartphones into mobile wallets. LoopPay is also working with chipmakers to embed LoopPay’s technology and security into silicon, making it easier for future OEM partners to incorporate LoopPay into their devices.
The makers of iWallet introduced the iPassport which integrates a biometric touch sensor for identity verification. The iPassport has
ample room for essential travel documents and up to four credit cards.
Bluefin’s PayConex PCI-validated Point-to-Point Encryption (P2PE) Solution is now certified for Mobile Payments.The Bluefin solution becomes the first North American mobile solution to receive PCI validation.