NFC Wearables Key Driver in Global PoS Payments Accessories Vertical

The latest trend gaining momentum in the payments market is NFC in smart devices and PoS systems. The global PoS accessories market is witnessing a major shift in technology with the increasing adoption of NFC in wearable devices, such as smartwatches, smart wristbands, and smartphones. Till 2011, the contactless payment option was available for NFC-enabled…

Digital Businesses Cannot Compete w/o Local Payment Options

The First Data Local Payments solution is here providing digital businesses and their customers with access to 195 local payment options when fully implemented. With First Data’s Local Payments solution, a merchant can manage varying online payment methods through a single interface, using a single collection model. Now, a retailer can easily enable a customer…

Future of Payments Key: Unlocking the Socio-Economic Ecosystem

The socio-economic ecosystem that empowers people to share accommodation, transportation, buying or selling of goods, on-demand professional services and sharing or renting of goods is experiencing an extraordinary level of growth, transforming the fundamental way industries operate and people experience a variety of things. A new Mastercard white paper identified three inter-related themes around which…

JCB and BlueSnap Expand SEPA Payments in Europe via Separate Deals

BlueSnap unveiled SEPA (Single Euro Payments Area) Direct Debit enabling customers to make cashless payments in euros across country borders for online checkout, invoice payments and marketplaces. Meanwhile, iSignthis inked a direct License Agreement to process JCB transactions in the SEPA. BlueSnap’s platform is designed for frictionless payment experiences and merchants that implement SEPA Direct Debit…

Recurring Payment Failure Drives eSubscription Payments Involuntary Churn

In the e-business world losing existing customers to involuntary churn is the quiet culprit of profit loss, since it costs two times more to acquire a new subscriber than to keep an existing one. Recurring payment failure is the primary cause of involuntary churn, driven by insufficient funds, credit card limits, credit card expiration or replacement,…

FLEETCOR Creates President of Global Fuel Cards

FLEETCOR Technologies has ankled Steve Greene to President of Global Fuel Cards, a newly-created position for the company. His appointment is effective immediately, and he will be based at the FLEETCOR global headquarters in Norcross, Georgia. Greene will be responsible for developing and executing the growth strategy for FLEETCOR’s global fuel card product line. In his…

JCB Expands Issuance & Acceptance in Sri Lanka via LankaPay & NCS

The Central Bank of Sri Lanka has inked a partnership with Japan’s JCB to establish the National Card Scheme (NCS) to introduce the issuance of LankaPay-JCB co-branded cards and to jointly promote the acceptance of such cards with JCB payment solutions. By integrating JCB payment solutions to LankaPay participant members and leveraging the planned interconnection…