American Express’ U.S. Small Merchant Group has partnered with Birchbox, Bonobos and Rent the Runway to present Online’s Day Off, a two-day event that kicks off with a thought-leadership panel on September 18, followed by a one-day shopping event on September 20.
Global Payment (GPN) has entered a definitive agreement to acquire Ezidebit. Founded in 1998, Ezidebit is focused on recurring payments verticals in Australia and New Zealand. Similar to Accelerated Payment Technologies and PayPros,
Emerging Markets Payments (EMP) signed an exclusive technology and center of excellence partnership with Afghanistan Payments Systems (APS), the local domestic payment card switch in Afghanistan. The agreement will allow EMP to work with all Afghan banks in partnership with APS, providing fast, reliable and secure electronic payment card processing for ATMs, POS and remote card not present (CNP) transactions such as bill payments and recurring payments. EMP is expanding quickly across the wider MEA region and offers an innovative and wide scope of products for banks, merchants and government including advisory services, mobile payment, bill presentment and payments among many others. The company most recently launched the cutting-edge bill presentment program with the Central Bank of Jordan known as eFawateerCom at a press conference hosted at Cards and Payments Middle East in Dubai, UAE.
It’s not just the big banks, big networks, and big retailers entering the new Apple Pay domain, it is also big credit unions. The world’s largest credit union with $60 billion in assets has thrown its hat in the ring.
San Francisco-based Revel Systems says it is Apple Pay ready by Chase, and will accept Apple Pay payments via Chase Paymentech. Apple Pay is available for preorder on the Revel iPad POS.
Texas-based ModoPayments has been issued a U.S. patent covering one time use virtual payment account numbers used for payment during merchant to consumer interactions, specifically during in-store purchase transactions.
An increasing number of U.S. issuers are bottom fishing for new cardholders with a secured credit card. The target market is not limited to the financially challenged but also includes prepaid card users.
SMB e-commerce solution provider GoECart has teamed with Kount, a supplier of fraud protection and sales-boosting technology, to enable GoECart retailers to seamlessly leverage Kount’s fraud prevention services at a discount and with zero integration hassles.
hrough Gemalto’s Allynis Trusted Services Hub customers get a one-stop and immediate access to the largest user base using NFC smartphones already equipped with Secure Elements. Over 1.5 billion mobile users worldwide are covered by Gemalto-contracted Trusted Services Management (TSM) platforms, with over a hundred million high-end “multi-tenant” SIM cards already in place to protect and manage sensitive application credentials. Ready today to handle a large number of future configurations, including Embedded Secure Elements (eSE) which are becoming available in some handsets and Trusted Execution Environment (TEE) that will be running inside next-generation mobile devices, as well as the emerging tokenization standards, the Allynis Trusted Services Hub offers both the broadest reach of users and the most future-proof technology across mobile platforms.
Evolve Money is now available as an added feature to Red Pocket Mobile customers through the company’s mobile site. Evolve Money is a free bill-payment app from PreCash.
hyperWALLET Systems has named payments industry expert Nadia Dombrowski as the company’s Chief Legal, Risk and Compliance Officer to oversee all legal, risk and compliance issues globally. The creation of this new executive role comes on the heels of massive growth at the payments company over the past 24 months. Since securing capital investment early in 2014, hyperWALLET continues to win new customers across various industries, verticals and global markets. As the new Chief Legal, Risk and Compliance Officer, Ms. Dombrowski will work closely with both the company’s senior executives and board members, continuing to position the company for continued growth.Dombrowski has also held the position of Senior Vice President, Group Head and Lead Region Counsel for the U.S. Markets at MasterCard Worldwide. She also served at MasterCard as Senior Vice President, Group Head for Emerging Payments and Advisors; as Vice President, Managing Counsel for Innovative Platforms and Advisors; and as Vice President, Senior Counsel for Advisors.
Consumer prepaid card retail spending rose 6% in August followed by credit card retail spending which rose 5.8% year-on-year (Y/Y). As expected check retail spending payments continue to dwindle in the face of cards and emerging payments options.