The Citi Mobile Challenge U.S. has landed a boat load of payment innovations for 2014. Citi is now partnering to produce more solutions from the EMEA in 2015.
Despite the Republican rantings, via Roger Ailes’ Fox News, that the country is on the wrong course, a new poll shows half of American’s predict that their financial situation will be better at this time next year and well beyond their personal status at the end of 2008.
Nearly eight out of ten respondents in a recent poll expect holiday sales to be better than or the same as last year, supporting the National Retail Federation’s forecasting that holiday sales will increase by 4.1% this year. Hiring seasonal employees is another indicator of a positive outlook for the holidays.
San Jose-based SLI Systems found Cyber Monday (Dec 1) realized nearly 30% more online shopping activity than any other shopping day during the 2014 Thanksgiving-to-Cyber Monday holiday timeframe. The study spanned all e-commerce segments from apparel to electronics and included 100 of the Internet Retailer Top 1,000 retailers.
U.S. Bank’s Elavon and Bank of the West have extended their 21-year referral agreement for merchant services through 2021. Referrals for new business will be marketed through Bank of the West’s 22-state banking network of more than 650 commercial office and retail branch locations.
China UnionPay (CUP) transaction volume continues to explode racking up a stunning estimated 56% increase in 2014, following a solid gain of 48% in 2013. This month UnionPay International, the international business arm of China UnionPay announced special privileges for UnionPay cardholders at 20 global tourist cities and 10 resort islands, providing its customers with discounts of up to 15%.
Nearly 96% of the world’s population is mobile or about 7 billion. The awareness of the value of personal data is growing while solutions to manage usernames and passwords become more cumbersome and the use of biometric data to authenticate access will become more widely implemented.
GPShopper reports over 10% of client app usage on Black Friday occurred in-store. Furthermore, this in-store app usage actually converted mCommerce sales at double the rate of other users.
BitPay has integrated with Xsolla, a well-known billing platform that helps game developers monetize and improve conversion. Big gaming companies like Twitch and Nexon have already started accepting bitcoin as a reliable in-game payment method.
Gemalto has teamed up with Chunghwa Telecom, the largest operator in Taiwan with 10 million subscribers, to secure their mobile NFC services . This commercial launch, supported by MasterCard and four leading Taiwanese banks, uses Gemalto’s UpTeq Multi-tenant NFC SIM and embedded software to host mobile payment and Mifare transit purse on a single card.
San Francisco-based Revel Systems has secured a $1.2 million grant from Invest Northern Ireland to open a UK sales and operations center in Belfast. The Revel platform includes complete front-end order entry, POS system and payment processing, back-end personnel scheduling, time clock and payroll, inventory management, comprehensive product/menu management and advanced reporting to successfully measure and optimize business performance.
Unisys experts predict the widespread publicity of recent large data breaches at major retailers, U.S. consumers, retailers and financial institutions will not readily embrace the use of chip-embedded credit cards requiring users to enter personal identification numbers when making a transaction.