American Express is going toe-to-toe with Visa after announcing the opening of a new technology hub in Palo Alto, expanding its presence in Silicon Valley. The new team being assembled will focus on innovations in big data, cloud computing and mobile infrastructure.
GA-based Bluefin Payment Systems has teamed with Priority Payment Systems to provide Bluefin’s PCI-validated Point-to-Point Encryption (P2PE) Solution to Priority Payment clients.
BlueSnap is now offering new Coupon and Bank Transfer APIs that will help merchants increase sales and convert shoppers this holiday season. The Coupon API allows merchants to manage their own coupon library while the Bank Transfer API will allow shoppers to pay for online goods by transferring funds directly from their bank accounts
Nets announced its latest partnership with Skandia Bank to oversee its issuing services for its payment cards. For Skandia’s bank this means becoming part of a larger IT infrastructure and therefore avoiding having to develop and maintain complicated IT systems themselves. For Nets, this contract is another important step into the Swedish banking market. All services provided are core Card services which Nets already supplies to a large number of banks in Norway, Finland, Denmark and the Baltic countries.
Alliance Data Systems completed the acquisition Conversant.
Conversant, which will operate under Epsilon, establishes a unique end-to-end marketing services company that will empower clients to more effectively market to their customers across all channels.
FIME secure-chip testing locations are now accredited to deliver testing services for JCB’s J/Speedy mobile, and contact and contactless, products. FIME’s Global test tool is available for purchase as an off-the-shelf product for in-house pre-certification testing. Using FIME’s services to test JCB’s J/Speedy products enables mobile handset, USIM and dual interface card manufacturers to confirm that the application layer of their products meets the requirements laid out by the payments system for all forms of contactless payment.
Checkprint payment solutions has been awarded a contract extension by Metro Bank for cheque services. The contract extension will see Metro Bank use the latest version of The CheckPrint Solution, the innovative, secure and versatile cheque printing system, to instantly issue chequebooks to all new account holders, within minutes of them entering the store. Replenishment books, for both personal and business customers, are also provided on tight service levels from Checkprint’s fully accredited site in Hinckley, Leicestershire.
Gift card sales will likely continue grow at a 6% compound annual growth rate (CAGR) through 2017. However, e-gifting which is expected to supply the next leg of growth for the gift card industry over the long-term, grew less than expected this year.
The number of global mobile payment users is expected to grow at a compound annual growth rate (CAGR) of 16.4% through 2017, according to CardData. About 31% of consumers who have a device with Near-Field Communication (NFC) technology, used it for mPayments in the last month.
In 2013, the Egyptian payment cards transactions were estimated at USD 23.5 billion, representing a CAGR of 9.07% from 2009. The average transaction value in Egypt in 2013 amounted to USD 97.7, the lowest if compared with other Arab countries.
Thanks to Cubic Transportation Systems Sydney’s Opal contactless smartcard ticketing system across all transport modes and connecting multiple operators is up and running much sooner than expected.
NY-based ShopKeep unveiled its new e-commerce site, shop.shopkeep.com. To celebrate this new site, ShopKeep is giving new customers a free credit card reader that supports Apple Pay and chip cards.