New research shows young adults and high-income earners are shifting away from debit card use. The latest Insight Summary Report from Mercator Advisory Group’s CustomerMonitor Survey Series reveals usage by both demographic segments declined to a seven-year low in 2015, 52% of households earning $100,000 or more a year and 56% of young adults, which…
U.S. gross transactions (GTX) for Visa and MasterCard credit and debit cards grew by 9.8% year-on-year (YOY) in the third quarter (3Q/15). U.S. GTX for credit cards jumped 12.2% YOY while U.S. GTX for debit cards increased 8.8% YOY in 3Q/15.
Yoyo Wallet has been ranked by KPMG as one of the top 50 emerging companies in the global financial technology space. Yoyo’s U.S. expansion comes after a successful $10 million A round that has boosted Yoyo to become the fastest growing mobile wallet in the UK, processing up to 65% of checkouts across participating locations.
Citi Retail Services has inked a multi-year renewal agreement with ExxonMobil for its consumer and commercial credit card relationship. The agreement with ExxonMobil is the eighth contract renewal Citi Retail Services has announced since the beginning of 2014.
Munich-based Giesecke & Devrient (G&D) has inked a deal with Aeris, a specialist in the Internet of Things (IoT) market and Machine-to-Machine (M2M) communications. The wide range of M2M devices includes POS.
PayPal will broadcast its first Super Bowl ad this year. The 45-second television commercial will air Sunday, February 7 during the 1st quarter of the legendary championship game.
Austin, TX-based perk.com has inked an asset purchase agreement with Viggle, a mobile and web-based entertainment marketing platform.
Minneapolis-based Digital River has signed a strategic alliance agreement with Japan’s NIPPON SYSTEMWARE (NSW), an e-commerce solutions providers.
FL-based ZipLine has inked a technology agreement with SAP to integrate its mPay mobile payment interface with SAP Vehicles Network, running on the SAP HANA Cloud Platform for the Internet of Things (IoT).
The patent fight between Fiserv and FIS is over with no money changing hands. This week there was a resolution and dismissal of four patent infringement claims brought against FIS by Fiserv in 2012.
Gemalto, Orange, RATP and SNCF have formed a joint venture dedicated to developing contactless mobility solutions.
Wizway Solutions is supported by France’s Ministry for the Economy, Industry and Digital Affairs and Ministry for Transport.
Dallas-based Alliance Data Systems reported third quarter revenue increased 20.5% year-on-year (YOY) to $1589 million. However, net income for 3Q/15 declined 20.9%to $130.4 million.