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.
The Google Cloud Platform has been validated for compliance with PCI DSS. The standard will enable our customers to hold, process, or exchange cardholder information from any branded credit card on Google Cloud Platform.
Digital River is expanding its marketForce global interactive marketing agency through a partnership with Beijing-based Netconcepts. The new partnership will enable Digital River to further extend its current marketing services in Asia Pacific and offer multi-national commerce clients additional access to localized, conversion-driven marketing services in China, Japan, Korea, Southeast Asia, Australia and New Zealand.
Banco Nacional Ultramarino (BNU) has teamed with First Data Merchant Solutions (FDMS) in Macau. This will provide merchant services and payment solutions for merchants, allowing FDMS, through BNU, to provide full service acquiring and processing. These services include point-of-sale and e-commerce services.
The Target breach set off a $70 billion IT security spending spree among major companies hoping to avoid similar catastrophes, 2014 has so far seen more customer data stolen than in any previous year.
Wirecard has finalized a cooperation agreement with Rocket Internet. Using Wirecard’s global multi-channel platform, Rocket Internet’s online companies will be able to offer international payment acceptance, acquiring and payment processes with the corresponding fraud prevention solutions.