Visa and Stripe have inked a strategic partnership to support new technologies and online payment experiences for merchants, developers and consumers worldwide. Through this relationship, Stripe will accelerate its international expansion, particularly in emerging markets, accessing Visa’s global footprint through its acquiring and issuing partners. To support this growth and joint long-term initiatives, Visa has also made a strategic investment in Stripe.
Transact24, a Hong Kong-based payment services provider, has opened a new US office in Frederick, MD. Transact24’s focus on the US market has increased in recent years as a direct result of the growth of their ACH payment processing and credit/debit card acquiring business lines.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Melisa Miller – Executive VP & President, Retail Credit Services of Alliance Data.
Americans’ debt has increased over the past three decades, due particularly to home mortgages and student loans, with important implications for long-term economic mobility. A full 80% of Americans hold at least some form of debt, and nearly 7 in 10 say debt is a necessity in their lives, even though they would prefer not to have it.
MasterCard announced that more travelers around the world will be able to check out quickly and securely now that several new transit and travel retailers are offering MasterPass. Accepted in 24 countries, MasterPass enables consumers to pay for the things they want with the security they demand, anywhere online or in-app, using any device.
CardWeb.com’s CardData database of Company Profiles today features Nuspay.
CardWeb.com’s CardConferences today features the R2 Retail Reinvention, August 4-5 conference at Chicago’s McCormick Place.
The ING Netherlands app can now make voice-activated payments leveraging voice biometrics technology from Nuance Communications. A smart alternative to PINs and passwords, voice biometrics makes mobile banking easier in the ING Netherlands mobile banking app.
CardWeb.com’s CardWatch database of more than 57,000 marketing items today features the Plenti TV Spot, ‘Musical.’
The global Internet of Things (IoT) in Retail Market is expected to grow from US$14.3 billion to US$35.5 billion by 2020 at a compound annual growth rate (CAGR) of 20.0%. IoT in retail is majorly used to manage inventory, track theft and loss, mobile payments, shopper intelligence, and advertising and marketing inventory.
In today’s CardFlash News Que: UPSTART (Marketo); ACCEPTEMAIL (PayWithMyBank); ACI (R2) and NACHA (Payments 2016).
MasterCard (MC) second quarter profits rose 4.7% year-on-year (YOY), or 12% on a currency adjusted basis (FX) to $965 million.
Cross-border volume soared 17% YOY. Global purchase volume rose 12.8% (FX) to $1141 billion and end-of-period (EOP) global cards-in-force (CIF) nearly hit 1.5 billion.