MoneyonMobile Lands a Huge Electricity Bill Payments Contract in India

India’s MoneyOnMobile has inked a Bill Collection Agreement with BSES Yamuna Power, to enable 1.6 million customers the ability to pay their electricity bills through any of MoneyOnMobile’s 330,000 retail outlets or through MoneyOnMobile’s mobile wallet app. BSES Yamuna Power supplies electricity in Central and East Delhi, the capital of India, covering an area of approximately 200…

Brick & Mortar Clothing Showroom Offers Try-in-Store Buy Online – Bagless Shopping

Finer Fields’ physical store will “showroom” emerging fashion, design and lifestyle brands for home delivery. Dismissing storage of any sellable inventory, the storefront will only carry a brand’s sample product line for consumers to try in-store, and then buy on the Finer Fields’ mobile POS for online purchase for home delivery to give customers bag free…

Citi Unloads its Merchant Acquiring Customer Portfolio

Wirecard recently inked a deal to purchase the customer portfolio of Citi’s merchant acquiring business in 11 markets in Asia Pacific (APAC). The purchase includes the entire customers for merchant acquiring services in Singapore, Hong Kong, Macau, Malaysia, Taiwan, Indonesia, Philippines, Thailand, India, Australia and New Zealand. The portfolio comprises a long-standing and reputable client…

BitConnect Coin Cryptocurrency Gains Serious Traction in First Two Months

BitConnect Coin (BCC) reports a new record high, in terms of value and market capitalization. BitConnect Coin (BCC) is an open source, peer-to-peer, community driven decentralized cryptocurrency that allows people to store, invest their wealth and even earn a substantial interest on the balance stored in the wallets. BitConnect Coin launched 11th of January, 2017. According to…

LG Pay Adopts Wireless Magnetic Communication Solution

Dynamics’ proprietary Wireless Magnetic Communication (WMC) technology is being intergrated into the mobile payment strategy of LG Electronics. The game-changing technology revolutionizes mobile payments by allowing LG mobile phones to wirelessly communicate traditional magnetic stripe information directly to traditional magnetic stripe readers. An early version of the company’s WMC technology will be featured on the…

PrestoPrime EMV Terminal Captures U.S. Pay-at-Table Market

CA-based E la Carte has unveiled the PrestoPrime EMV Terminal, offering a solid pay-at-table experience available, with the highest levels of security available along with future-proof capability and unparalleled guest and server ease-of-use. The new PrestoPrime EMV Terminal is the successor to E la Carte’s current Presto System, which is operational every day in more…

Cannabis is the Fastest Growing Payments Segment in the U.S.

Eight states and the District of Columbia now allow the recreational use of marijuana, while another 28 states permit its use for medicinal purposes. In what has been touted as the fastest-growing industry in the U.S., investment opportunities in the cannabis space appear boundless. Companies are all employing a “no-touch” approach to their cannabis business…

Clearent PAI Acquisition Adds 17K Customers, a Telesales Team, and Strategic Partners

Clearent has completed its acquisition of Payment Alliance International’s (PAI) Merchant Services Division. The acquisition adds support and operations resources, a complementary telesales channel, strategic association partnerships, and increases Clearent’s processing volume by 40%. PAI’s Merchant Services Division is a provider of payment processing solutions for businesses, Independent Sales Organizations (ISOs), agents and associations, and…

i2c Lands First Data Executive as EVP of Client Services

CA-based i2c, a provider of smarter payments and integrated commerce solutions, has ankled Peg Johnson as executive vice president of Global Client Success to oversee global operations of its client services and customer success organizations. Ms. Johnson has over 20 years of experience running global service delivery teams in the payments industry, working with the…