Kenyan payment cards (including debit, credit and charge cards) recorded a compound annual growth rate (CAGR) of 26.32% between 2009 and 2013. The total Cards-in-Force (CIF) rose from 3.8 million in 2009 to 9.7 million at the end of 2013.
When asked to select all the payment methods they will use this holiday season, credit cards emerged as “King”, not cash. Cash took second place and was preferred two-to-one over checks, debit cards, mobile payments or other means of payment.
Nearly eight out of ten consumers would like to hear from retailers as to how those retailers plan to protect personal and credit card information – before the holiday shopping starts.
Nearly one out of five consumers say that last year’s holiday shopping put them in debt. About half took more than six months to pay the debt off and 35% maxed out one or more credit cards.
CardWeb.com’s CardExecs database of payments industry mover and shakers today features Colm Lyon, Chief Executive Officer of Realex Payments.
A complete Mpos system that requires no new hardware for the merchant to install, plus works with any Apple or Android mobile device has been introduced. The new SwiftPay from TechPay also utilizes QR codes for transactions allowing merchants to see detailed scan data, sales and ad campaigns.
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Cubic Transportation Systems has signed a letter of intent with the Calgary Parking Authority (CPA) of Calgary, Canada to deliver transit and municipal parking solutions leveraging CPA-developed technology.
One of Russia’s largest private listed banks is financing Net Element’s TOT Money. Bank Otkritie Financial will provide the company with a factoring facility up to US$4.2 million.
CardWeb.com’s CardWatch database of more than 57,000 marketing items today features the Capital One Venture – “Jennifer Garner Seats” TV ad.
Nearly one out of five consumers say that last year’s holiday shopping put them in debt. About half took more than six months to pay the debt off and 35% maxed out one or more credit cards.
CardWeb.com’s CardPixes database of more than 7,000 images today features the Diners Club/Carte Blanche MasterCard. the card issued by BMO Harris Bank.
PA-based Eastern University has selected Naples, FL-based ACI to power its payment plan and tuition payments across multiple channels.
