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.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Jeff Coppolo, Senior Vice President, Business Development for BlueSnap.
Cynovo’s Kivvi series products have been certified by China UnionPay and EMVCo. for MSR, EMV, and NFC functions. The Company provides Android-based mobile payment and POS hardware systems, along with the online payment gateway platform that connects to backend secure clouds.
MN-based Entrust Datacard announced the availability of the Datacard EMV Personalization Validation software that is designed to validate the chip of every EMV card issued on a Datacard MX Series card issuance system.
Security Validation has joined the PCI Security Standards Council as a new Participating Organization. Security Validation is a data security and data privacy advisory firm focused on improving the security posture of hotels across North America.