CardWeb.com’s CardData database of Company Profiles today features COGNICAL a/k/a Zibby
The dawn of the rise of the mobivores is upon us. Mobile-only users (aka mobivores) make up about 15% of a typical financial institutions’ mobile banking user base. Mobile-only users are defined as those who access their accounts using only their smartphones.
India’s My Mobile Payments a/k/a MoneyOnMobile has announced the launch of PayJaldi service specifically for SMEs. MoneyOnMobile also announced the launch of its domestic Mobile Money Order service for customers in January 2015.
RBL Bank, a/k/a Ratnakar Bank, has partnered with happay, a Bangalore-based start-up to launch the “happay Business Expense VISA Card”.
Sweden-based SEQR, by Seamless, is continuing its march into the U.S. market with the signing of a three-year agreement to partner with The Secure Gateway. SEQR is Sweden’s and Europe’s most used mobile payment solution in stores and online.
The Merchants Payments Coalition (MPC) a/k/a UnfairCreditCardFees.com, says debit-card swipe fee reforms have saved consumers nearly $18 billion over the past three years and merchants have created more than 100,000 new jobs.
Sweden’s Seamless, a/k/a SEQR, to acquire Micro Mobility Sweden and Ingram Micro Mobility Denmark’s non-core mobile prepaid airtime line of business. Combined with the mobile payment solution SEQR, the mobile refill and other eProducts creates a strong and profitable offer to the more than 2,000 retailers in the two countries. As a result of the acquisition Seamless will more than double its revenue.
Visa Inc. (VS), the dominant payment card network, delivers the goods (a/k/a profits) over any other payment card network, but MasterCard (MC) continues to deliver solid results as well. During the first quarter of this year (Q1/14), net income (after tax) among the world’s two top payment card networks rose 21.2% to $2468 million, according to CardData. VS Q1/14 net income rose 25.8% to $1598 million, compared to $1407 million in the prior quarter and $1270 million in the year-ago quarter.
JetPay has fully satisfied the arbitration award granted to EarlyBirdCapital Inc. As previously disclosed, the International Centre for Dispute Resolution (the “ICDR”), pursuant to an arbitration claim filed against the Company by EBC, rendered its decision on March 3, 2014 and ordered the Company to pay damages of $2,070,000 plus interest, attorney’s fees and expenses of approximately $740,000 within 30 days of the decision. The Company entered into a Securities Purchase Agreement (the “Common Stock SPA”) with Bipin C. Shah, its Chairman and Chief Executive Officer, and C. Nicholas Antich, the President of JetPay Payroll Services (aka AD Computer Corporation), a wholly owned subsidiary of the Company. Mr. Shah and Mr. Antich agreed to purchase an aggregate of 333,333 shares of the Company’s common stock at a purchase price of $3.00 per share, for an aggregate of $1.0 million. Additionally, on April 14, 2014, the Company issued 4,667 shares of Series A Convertible Preferred Stock to Flexpoint for an aggregate of $1.4 million.
Payelp Global payment and business development platform partnered Onebip by Neomobile global mobile payment service. Onebip, which started in 1995 as the first mobile payment service worldwide, is connected to over 250 carriers with 5 billion users in over 70 countries. Onebip, part of global mobile commerce group Neomobile, has offices in Rome, London, Mexico City, Sao Paulo, Madrid, Berlin, Paris, Bogota, San Francisco and more. Onebip enables merchants to monetize digital goods and services to their users on a global scale using carrier-billing technology. As a leader in Europe and Latin America, Onebip has successfully supported the growth of many online gaming and entertainment businesses on mobile with an advanced technology platform. Payelp Global (aka “Payelp”) processes more than 500,000 transactions per minute- the payment and business development service is available in 74 countries worldwide and is constantly expanding.
Payelp Global, an international payment and business development platform representing thousands of merchants and hundreds of payment gateways, announced a partnership with Onebip by Neomobile, a global mobile payment service. Onebip, which started in 1995 as the first mobile payment service worldwide, is connected to over 250 carriers with 5 billion users in over 70 countries. Onebip, part of global mobile commerce group Neomobile, has offices in Rome, London, Mexico City, Sao Paulo, Madrid, Berlin, Paris, Bogota, San Francisco and more. Onebip enables merchants to monetize digital goods and services to their users on a global scale using carrier-billing technology. As a leader in Europe and Latin America, Onebip has successfully supported the growth of many online gaming and entertainment businesses on mobile with an advanced technology platform.
Inside Secure and TazTag launched the “TazPad V2” seven-inch Android 4.0 (aka Ice Cream Sandwich, or ICS) tablet computer. Available now from TazTag, the “TazPad” tablet combines the EMVCo-certified secure near field communication (NFC) capabilities provided by the INSIDE Secure SecuRead(R) NFC module and Open NFC(TM) protocol stack with biometric authentication capabilities and an extensive array of wireless connectivity technologies to enable solution providers to efficiently support a variety of commercial, professional and consumer mobile applications. The TazPad uses the EMVCo-certified secure element of the SecuRead module to securely store fingerprint images, which can then be compared to those gathered through the built-in fingerprint scanner for authentication purposes.