Other Breaking News
In today’s CardFlash News Que: STERLING (EMV); ADS (Wayfair); JCB (Universal); and W.CAPRA (EMV).
Flywire + Uni-Pay
Boston-based Flywire, f/k/a peerTransfer, has acquired UK tuition processor Uni-Pay. Uni-Pay offers tuition payment services to students attending 60 educational institutions in the UK, the second leading destination for foreign students studying abroad.
Saylent
CardWeb.com’s CardData database of Company Profiles today features Saylent.
Whitewood Encryption Exec
Richard Moulds, the former Vice President of Product Strategy and Marketing for Thales e-Security defects to Boston-based Whitewood Encryption Systems.
YeePay Investors
Beijing-based payments service provider YeePay has picked up Boston-based TA Associates as a new investor. YeePay processed US$77 billion of transactions last year, double the prior year.
Bitcoin Masked Card
Boston-based Abine is launching a new beta service designed to help Bitcoin users more fully participate in online commerce. The invite-only beta will enable Bitcoin to Abine Masked Card purchases at any merchant.
LoopPay + Samsung
A major development for Samsung as it agreed to acquire LoopPay. LoopPay is accepted at more merchants than any other digital wallet solution.
Disruptive Payments
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.
Card Demographics
While credit card ownership remains relatively flat, user demographics are changing as young adults return to credit card use. Over half of young adult in the U.S. now use credit cards, especially the 25-34 year olds, who now are as likely as average to do so.
peerTransfer Funding
Boston-based peerTransfer, a provider of global payment solutions for the education industry, has raised more funding. Bain Capital Ventures led the latest round.
LoopPay OEM
LoopPay has ankled two new OEM partners that will embed its technology into their products to let consumers turn their smartphones into mobile wallets. LoopPay is also working with chipmakers to embed LoopPay’s technology and security into silicon, making it easier for future OEM partners to incorporate LoopPay into their devices.
Alpha & Worldpay
Boston-based Alpha Software Corporation has integrated its Alpha Anywhere business application development environment with Worldpay, a leading global payment provider, to speed the creation of payment-enabled mobile business apps.