San Diego-based Ecwid has collaborated with Square to offer retailers the ability to sell anywhere online and keep all channels in sync. Ecwid is available directly or through trusted partners and has over 900,000 registered merchants in 175 countries with support for 45 languages.
Navy Federal Credit Union, the world’s largest credit union, is adding Samsung Pay as a mobile payment option for its nearly six million members worldwide. The CU says credit cards alone saw total sales reach $1.18 billion in September.
The CARTES SECURE CONNEXION event this year features 33 SESAMES Awards finalists and the 5 Startup Challenge finalists. The SESAMES Awards will be presented on November 17th.
The MCX CEO said the agreement with Chase will link MCX’s extensive network of owner-merchants – which collectively process over a trillion dollars annually in transactions at more than 110,000 retail locations across the United States – with Chase, which is number one in total U.S. credit and debit payment volume.
MasterCard (MC) third quarter profits declined 3.7% year-on-year (YOY), or discounting special items up 1%, or up 9% on a currency adjusted basis (FX) to $977 million.
PayPal racked up a 10.2% gain in year-on-year (YOY) accounts to 173 million. Gross transactions soared by 25.1% from 972 million in Q3/14 to 1216 million for 3Q/15.
Barclaycard US has launched the #IHAVEARRIVED Travel Community contest, hosted by its Arrival MasterCard. Cardmembers who enter, have the opportunity to win an exclusive grand prize trip for two to the 58th Annual GRAMMY Awards in February 2016.
The ATM channel has become the foundation for an increasing number of interactions with financial institutions and their customers and members. New research concludes ATMs are often filling many of the roles of traditional tellers, at least for day-to-day transactions.
New research finds if a bank offered a mobile wallet, 51% of the respondents are likely to use the bank-offered mobile wallet.
Also, 82.8% have a smartphone, but 12% of those with a smartphone do not plan on using a wallet of any kind just yet.
The inclusion of biometrics in mobile devices will generate approximately $9 billion worth of revenue by 2018 for the biometrics industry, not just through unlocking mobile devices through security applications, but also through multi-factor authentication services and the approval of instant electronic payments.
In today’s CardFlash News Que: AMERICAN EXPRESS (holiday); Q-CARD (KEOLABS); NXT-ID (StackCommerce); and VORMETRIC (breaches).
After a biting poor third quarter with profits slipping 10.7% and the 2016 forecast dismal, American Express is shuffling executive suits to cut costs. Josh Silverman is out and other executives have greatly expanded responsibilities.