Online Consumer Payments to Capture 20% of Market; Americans Wary of Cybersecurity

Online commerce payments are growing sharply in developed countries, but in North America there is angst among consumers with cybersecurity. China overtook the US as the world’s largest online commerce market two years ago, with Chinese consumers spending a total of $699 billion online in 2015. About 20% of the total value of online commerce…

Zuora to Electrify the Subscription Economy in Frisco with Subscribed

Zuora’s first annual User Summit begins with advanced training by role – Billing & Payment Ops, Finance Ops, Zuora Admins, IT/Developers, Pricing and Growth Managers. Zuora has been enabling the subscription economy by building the next generation commerce platform. Zuora’s subscription management software has enabled 21st century businesses around the world from startups to enterprises…

Wells Fargo Credit Card Portfolio Bad Sales Practices Impact Continues in Q1

Wells Fargo continues to reel from the bank’s fraudulent sales practices exposed last year, as new credit card account acquisitions fell more than 46% year-on-year (YOY) in the first quarter (1Q/17). Consumer credit card portfolio metrics remained soft with single digit YOY gains, and there was a noticeable uptick in charge-offs, according to CardData. The…

Bitcoin Decentralized Cryptocurrency Transformational for Payments Market

Wildly successful in early development, bitcoin has hit some rough patches in China and Europe, and a cold shoulder in the North American banking world. However, mainstream acceptance is plowing forward albeit at single-digit annual growth rates. The global bitcoin technology market is projected to grow at a CAGR of 7.26% through 2020. The recovering…

Biometrics Market to Grow 12% CAGR Driven by Untrustworthy Passwords

Biometrics involves identification and verification of physical traits such as fingerprints, hand geometry, face recognition, and iris recognition, and behavioral traits such as keystroke patterns, signature, and voice recognition. Its application to the payments industry and the replacement of old-school passwords cannot be understated. With double-digit growth, biometrics is a potentially explosive sector with payments.…

High Quality Payments Innovation Summit Coming to Frisco in November

The Payments Innovation Summit, produced by UK-based Argyle’s Innovation Enterprise, is slated for November 9 and 10 in San Francisco. More than 150 top level payments and commerce professionals are expected to attend. There will more than 25 industry expert keynote presentations and over 20 case studies presented from Fortune 500 companies. Topics covered are from the…

Buying Bitcoin Gets Easier to Buy & Resumes Acceptance Traction in 2017

    There are more than 300 ways to Sunday to purchase bitcoins and two firms offer a ton of options to buy, including major credit cards. One company recently is testing bitcoin linked in-game to fantasy sports. PAXFUL U.S.-based peer-to-peer bitcoin technologists Paxful unveiled a new widget, allowing anyone to buy bitcoin worldwide instantly…

UK CMA Greenlights Mastercard Acquisition of VocaLink

The UK’s Competition & Markets Authority has given its blessing to the Mastercard VocaLink deal. The CMA gave final approval for the proposed set of remedies that address the competition concerns the CMA identified earlier this year. The deal is now expected to close in the coming weeks. A powerhouse in bank account-based payments, VocaLink’s…

EMV Boom Ends – Verifone Looks to Become Device + Services Provider

The slowdown in EMV continues to drag on Verifone’s performance for the first fiscal quarter, ended 1/31/17, (1Q/17). However, the Company notes this year it will launch the next generation devices and services. By scaling these new devices and connecting them with Verifone’s expanded services, the Company hopes it will establish platforms powering the future of…