Google payments is set to roll-out “Send Money in Gmail” in the UK this quarter. Google admonishes users to keep an eye out for the £ icon for Google Wallet attachment options in the coming weeks.
FL-based MerchACT has announced the launch of the Offshore FASTLANE Merchant Service. If a business falls into any category that is not considered low risk e-commerce, setting up an offshore merchant account is a must.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Drew Mize, Chief Operating Officer of Pinnacle Corporation.
The Electronic Payments Association announced that Jason Dorsey, Chief Strategy Officer at The Center for Generational Kinetics, and “Meet the Press” moderator Chuck Todd will serve as the keynote speakers for the PAYMENTS 2015 conference on April 19-22 in New Orleans.
Prepaid card king Blackhawk Network launched a new division dedicated to providing customized engagement, incentive and rebate programs for consumers, employees and sales channels.
Tinkoff Bank credit card issuer selected IRIS Analytics’ fraud prevention solution, IRIS, as its central fraud prevention system for all payment channels. IRIS has been provided to Tinkoff Bank by Wincor Nixdorf, key partner of IRIS Analytics for worldwide sales, implementation and post-sales support. The Wincor Nixdorf Russia organisation was quick to see the potential of IRIS in their market, and this is their second new business win with IRIS. IRIS puts Tinkoff Bank into the unique position of securely detecting fraud patterns that involve multiple payment channels in real-time. IRIS contains unique functionality that enables merging transaction histories for any number and type of payment channels.
SIX Payment Services saw online transaction volumes rise in 2014 alongside constant increases in traditional card payments using credit and debit cards at the point of sale. The range and volume of payment transactions made online, in high street stores and through a variety of other locations offering goods and services continued to expand in tandem with technical innovations. Mobile wallets, which became a hot topic in 2014, are likely to gain momentum in 2015 with the launch of Apple Pay. We also anticipate that NFC payments (near field communication) and omni-channel solutions will effectively remove the dividing line between online and offline activities. SIX Payment Services saw global transaction volumes increase 10%, rising from 1.195 billion in 2013 to 1.315 billion in 2014. The total transaction volume (MSV) amounted to EUR 57.5 billion. Almost half the transactions (48%) came from the international business of SIX. The number of cards processed increased by 2% to 25.7 million in 2014.
Culver City, CA-based Lootsie, a startup loyalty and rewards platform for mobile apps, has snagged $3.5 million in seed funding. Since launching in 2012, the company has partnered with major retailers, brands and developers including SOL REPUBLIC, Manduka, Sevenlogics and All Shook Apps.
Miami-based Net Element’s Aptito released version 2.3 of its cloud-based mPOS platform. Aptito’s all-in-one restaurant and bar POS and business management software gives restaurants the tools to reduce payroll costs, improve efficiency, and increase customer satisfaction.
Disruptive new technology or business models in the payments industry are now kicking serious butt. A new report says social media and mobile messaging application providers have turned everything upside down.
CardWeb.com’s CardPixes database of more than 7,000 images today features the CITIC JCB Ultimate card.
Atlanta-based Sionic Mobile has reached 50,000 diverse shops, restaurants and retail locations nationwide where consumers can pay with a Sionic Mobile app on their smartphones and tablets. And there is more in the works.