Businesses are a bit blind to the tremendous potential mobile payments offers. Crafting powerful, customer-centric marketing messages is only one element. BluePay, a provider of technology-enabled payment processing for merchants and suppliers, notes now is the critical time to harness the power of m-payments given smartphone ownership has reached critical mass in the U.S. Research…
Starbuck’s reports membership in the company’s Starbucks Rewards loyalty program increased 16% year-over-year (YOY) and 8% sequentially (QTQ) for the first quarter (1Q/16). In February, the company announced an update to its loyalty program, which levels the playing field for customers who now earn 2 stars for every $1 spent, no matter how often they…
Near Field Communication (NFC) continued to hit stride in the first quarter with new developments across the globe. Recent research predicts plastic cards gone by 2030 as NFC penetration explodes globally. A recent survey shows among all respondents, 73% have heard of Apple Pay, while awareness jumps up to 84% for the sub-group of iPhone…
In Other News: TNS (Bluefin); MONERIS (talech); I3 (acquisitions); and NFG (EMV). TNS – Transaction Network Services is partnering with Bluefin Payment Systems to provide Bluefin’s Decryptx PCI-validated Point-to-Point Encryption (P2PE) solution within its Managed POS Encryption suite. MONERIS – Moneris Solutions and talech have formed a strategic partnership and referral agreement. As part of…
Samsung has inked partnerships with the top point-of-sale (POS) manufacturers, including Verifone, Ingenico, First Data Clover, PAX Technology, Equinox, ID TECH, MagTek, USA ePay and OTI Global. Samsung wants to accelerate mobile payment adoption by ensuring the best possible user experience at merchants’ POS systems during checkout. Samsung Pay is the only contactless payment solution…
Samsung Pay says it will soon support credit and debit cards from TD Bank and Regions Bank. Additionally, Verifone has teamed with Samsung to accelerate merchant adoption of Samsung Pay. Samsung Pay is currently supported by 60 Visa and MasterCard banks and credit unions since early March. With the addition of these banks, Samsung Pay…
In Other News: CUBIC (Sydney); CHARGENT (linked2pay); RAPIDVALUE (Zervant); and BKASH (Bangladesh). CUBIC – Cubic Transportation Systems (CTS) reports a customer open payments trial will begin in Sydney, Australia in 2017, enabling Sydney to have London-style open payments ticketing technology. The trial would be a first for the southern hemisphere, providing a valuable test case…
UK-based financial inclusion specialist Accion has inked an investment deal with Aire, a UK-based credit scoring startup. Aire uses a proprietary artificial intelligence process to ultimately help banks lend to new, qualified borrowers. During an online interview, the company’s collects and validates applicant-provided data to evaluate profession, education, and financial knowledge. Accion made the investment…
MasterCard now has its first mobile wallet service in Japan. The new JACCS Card is powered by MasterCard contactless technology. MasterCard is enabling secure, convenient mobile payments for Japanese cardholders with NFC-equipped smartphones issued by NTT DOCOMO, KDDI and SoftBank. Starting this month, cardholders can sign up with JACCS MasterCard Contactless Mobile at the JACCS…
In Other News: CPI (ICMA); PROPAY (Samsung Pay); NAB (exec); and SIONIC (ION). CPI – CPI Card Group, a global specialist in financial and EMV chip card production and related services, announced 24 employees have recently passed the International Card Manufacturers Association’s (ICMA) Advanced Card Education Manufacturing (ACE-M) accreditation and/or the Advanced Card Education Personalization…
A new study reveals 38% of payments made throughout Europe will be digital by 2020. To facilitate this digital payment migration MasterCard MDES is paving the way in Europe. The MasterCard Digital Enablement Service (MDES), which enables every commerce device to make payments through industry-standard tokenization. First launched in the US in 2014 with Apple…
A new research report projects the number of mobile wallet transactions in the European Union will grow at a CAGR of 61.8% over 2016-2021. Intelling’s new Smart Insights Report “mWallets to meet European adoption” establishes that the Pay Wallets, Apple Pay, Samsung Pay, Android Pay, … will easily adapt to European payment market and be…