San Jose-based SLI Systems found Cyber Monday (Dec 1) realized nearly 30% more online shopping activity than any other shopping day during the 2014 Thanksgiving-to-Cyber Monday holiday timeframe. The study spanned all e-commerce segments from apparel to electronics and included 100 of the Internet Retailer Top 1,000 retailers.
U.S. Bank’s Elavon and Bank of the West have extended their 21-year referral agreement for merchant services through 2021. Referrals for new business will be marketed through Bank of the West’s 22-state banking network of more than 650 commercial office and retail branch locations.
CellPoint Mobile announced a converged payments solution that securely and seamlessly processes passengers’ mobile payments and digital transactions, regardless of mobile device or the disparate array of underlying data sources and mobile payment technologies, including ApplePay, PayPal, MCX, credit-debit cards and others.
China UnionPay (CUP) transaction volume continues to explode racking up a stunning estimated 56% increase in 2014, following a solid gain of 48% in 2013. This month UnionPay International, the international business arm of China UnionPay announced special privileges for UnionPay cardholders at 20 global tourist cities and 10 resort islands, providing its customers with discounts of up to 15%.
Nearly 96% of the world’s population is mobile or about 7 billion. The awareness of the value of personal data is growing while solutions to manage usernames and passwords become more cumbersome and the use of biometric data to authenticate access will become more widely implemented.
GPShopper reports over 10% of client app usage on Black Friday occurred in-store. Furthermore, this in-store app usage actually converted mCommerce sales at double the rate of other users.
BitPay has integrated with Xsolla, a well-known billing platform that helps game developers monetize and improve conversion. Big gaming companies like Twitch and Nexon have already started accepting bitcoin as a reliable in-game payment method.
San Francisco-based Revel Systems has secured a $1.2 million grant from Invest Northern Ireland to open a UK sales and operations center in Belfast. The Revel platform includes complete front-end order entry, POS system and payment processing, back-end personnel scheduling, time clock and payroll, inventory management, comprehensive product/menu management and advanced reporting to successfully measure and optimize business performance.
Unisys experts predict the widespread publicity of recent large data breaches at major retailers, U.S. consumers, retailers and financial institutions will not readily embrace the use of chip-embedded credit cards requiring users to enter personal identification numbers when making a transaction.
The Google Cloud Platform has been validated for compliance with PCI DSS. The standard will enable our customers to hold, process, or exchange cardholder information from any branded credit card on Google Cloud Platform.
The Target breach set off a $70 billion IT security spending spree among major companies hoping to avoid similar catastrophes, 2014 has so far seen more customer data stolen than in any previous year.
About six out of ten Americans plan to purchase gift cards – the top item on consumers’ shopping lists – this year, according to Accenture’s 2014 Holiday Shopping Survey. Boost Mobile Wallet and Sprint Money Express, powered by Wipit, provide consumers an easy way to make payments from their smartphone or prepaid Visa or MasterCard with no credit check or monthly fees.