Shopping is changing rapidly as store foot traffic declines as web site clicks soar. Also, the number of consumers willing make a purchase of $500 or more within the next 12 months is growing.
While many analysts indicate President Obama’s Executive Order to mandate chip payment cards for government benefits was a pure political move, others applaud the action.
CardWeb.com’s CardExecs da tabase of card industry movers and shakers today features Maeve McKenna Duska, Vice President of Marketing for USA Technologies. USA Technologies is a leader of wireless, cashless payment and M2M telemetry solutions for small-ticket, self-serve retailing industries. ePort Connect is the company’s flagship service platform, a PCI-compliant, end-to-end suite of cashless payment and telemetry services specially tailored to fit the needs of small ticket, self-service retailing industries.
Seeing a product in a store, then buying it online from another retailer using a smartphone – dropped from 37% in the US last year to 28% in 2014. But “webrooming,” in which consumers buy in a store after researching a purchase online using a smartphone, was reported by an even higher proportion of respondents, 41%.
Los Angeles-based PayYourRent is teaming with Experian RentBureau to help renters build their credit histories. Now, each time a resident pays their rent on-time with PayYourRent, Experian, a major credit reporting agency, will record that positive rental data into the company’s credit reports.
Testing payment terminals has become easier and a lot more cost efficient with the new Galitt HCE probe for KaNest ICC. The HCE probe for KaNest-ICC uses a simple NFC-enabled Android handset to play the role of the card simulator.
Miami-based Net Element has filed for a $50 million universal shelf registration statement to provide the Company with increased financial flexibility to execute on its business strategy and invest in opportunities in mobile payments and value-added transactional services.
CardWeb.com’s CardPixes database of more than 7,000 card images today features the Navy FCU Visa Signature Flagship Rewards . The card is issued by the Navy Federal Credit Union.
San Francisco area – based Feedzai has inked a new customer in Brazil. The new customer in Brazil can handle more than 10,000 transactions per second and is licensed by both Visa and MasterCard.
Spire Payments mPOS is launching two new chip and PIN mPOS device, the SPm20 and the SPm2, to complement its PosMate Smart thereby adding to its stable of innovative mPOS devices.
CardWeb.com’s CardWatch database of more than 57,000 marketing items including direct mail, print ads, TV ads, etc. today features the MasterCard – “One More Day” TV ad from July 2014.
While largely ceremonial, President Obama today signed an executive order at the Consumer Financial Protection Bureau mandating the use of smart payment cards in the U.S. for government payments. The payment transistion in the U.S. from mag stripe/signature card payments to Chip/PIN (EMV) is already underway and will be in full steam in 2015.