Germany-based Wirecard unveiled boon, a new payment solution for Android smartphones operating in four European countries. The app is now available via the Google Play Store in Germany, the Netherlands, Austria and Belgium with more to come.
China continues to lead the march to online and cross-border shopping habits. This year’s findings support the growth trend: 35% of online shoppers claim to have shopped cross-border in 2015, vs. 26% in 2014. China’s overall online shopping population saw modest growth (81% of online adults report having shopped online in the last 12 months in 2015, vs. 80 % in 2014)
Michael Miebach will assume the role of chief product officer for MasterCard on January 1st and will be based in New York. He currently serves as president, Middle East and Africa.
The 14th JCB World Conference held in Bali this week was a smash hit. Approximately 510 people from about 200 partner companies and financial institutions in 32 countries and territories participated in the conference.
Chinese tourists are flocking to the Czech Republic and the transaction volume of UnionPay cards in the Czech Republic has achieved a year-on-year growth of over 100% in the first three quarters of this year. Over 90% of duty-free shops at Prague Airport, the biggest international airport in the Czech Republic, accept UnionPay cards.
Mobilio Protection now offers independent wireless retailers the convenience of a low price prepaid protection plan covering new, refurbished and pre-owned devices distributed via the epay WebPOS distribution portal.
In today’s CardFlash News Que: EBANK (debit cards); MasterCard (Media-Saturn); LOYLOGIC (PayPoints); and WISEKEY (conference).
Yapital and A&O HOTELS and HOSTELS have teamed to enable fast and easy payment by smartphone at 21 A&Os in Germany. Guests simply need to open the free Yapital app on their smartphones, scan the QR code displayed on the card terminal and confirm the amount.
The NFC Forum announced new Associate, Implementer, and Non-Profit members from around the world. Representing industries as diverse as automotive electronics, digital imaging, microelectronics, and asset management, the 19 new members include organizations based in Austria, Belarus, China, Japan, South Korea, Taiwan, and the United States.
Netherlands-based European payments provider CCV is now using Authentic, an intelligent payments platform from NCR’s Alaric. CCV plans to implement Authentic across Europe to support a new state-of-the-art payments processing solution it has developed for its customers, due to go live in December 2015.
Although Greece is in the debt dumpster and China’s UnionPay (CUP) is afraid of Visa’s and MasterCard’s entry into China next year, CUP has accelerated cooperation with multiple mainstream institutions and acceptance coverage of UnionPay cards reached 60% and 40% for ATMs and merchants respectively, basically encompassing places frequently visited by tourists.
Transact24, a Hong Kong-based payment services provider, has opened a new US office in Frederick, MD. Transact24’s focus on the US market has increased in recent years as a direct result of the growth of their ACH payment processing and credit/debit card acquiring business lines.