Japan’s JCB continues this year to expand its worldwide acceptance and issuance with new deals in Europe, as well as the LAC, ME and AP regions. Based on current metrics JCB is expected to surpass the US$500 billion in annual transaction value milestone by end-of-year (EOY) 2019. JCB racked up US$223 billion in transaction value last year, according to CardData.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Derek Webster, Founder and CEO of CardFlight.
Japan’s JCB continues this year to expand its worldwide acceptance and issuance with new deals in Europe, as well as the LAC, ME and AP regions. Based on current metrics JCB is expected to surpass the US$500 billion in annual transaction value milestone by end-of-year (EOY) 2019. JCB racked up US$223 billion in transaction value last year, according to CardData. Forecaster RAM Research’s CAGR Corner computes JCB’s compound annual growth rate (CAGR) at 18.01%
Ho Chi Minh City-based Asia Commercial Bank (ACB) has joined with Japan’s JCB to issue the first JCB debit card in Vietnam. To kick-start the program ACB is offering an annual fee waiver for the 1st year and a cash back up to 100% for the first payment transactions by the new card.
Kansas City-based Commerce Bank is now offering a Visa Rewards credit card program in affiliation with Southern Illinois University (SIU) Alumni Association, North Dakota State University (NDSU) Alumni Association and Tennis Express.
Salt Lake City-based Code is introducing a reader with embedded formatting features that can quickly manipulate barcoded data, including driver license and military identification information, to fill out loyalty forms and credit card applications or print templates for ID cards.
San Francisco-based Revel Systems has secured approximately $100 million Series C funding from New York City-based private equity firm Welsh, Carson, Anderson & Stowe and other strategic investors. The round includes an initial $65 million investment from WCAS and an additional $25 million equity line available from WCAS.
Salt Lake City-based Sinclair Oil is deploying a cloud based mobile payment application in 1,400 Sinclair branded stations across 19 states. The PetroZone Mobile Commerce Platform is the base of application.
The only payment card brand based in Japan is bringing a new middle market credit card to Vietnam. The new JCB Dreamcard is geared towards moderate income customers of Ho Chi Minh City-based Vietnam Techcombank. The co-branded credit card is being offered to customers with an average monthly income from 4 million VND (Vietnamese Dong) or US$188. Techcombank Dreamcard cardholders will receive a credit limit of up to 2 months salary with this card. The minimum repayment amount starts from 10% of outstanding balance.
Puut Technologies A/S, today announces the general availability of its Social Network Service to enable social shopping and crowdfunding, and to provide smart phone users, service providers and merchants with money and content sharing as an alternative to cash, credit cards, loyalty cards, ID cards, tickets and boarding pass. Puut is a feature-rich social utility that enables social shopping, crowdfunding as well as money and content sharing between smartphone users, service providers and merchants worldwide. Puut ticks all the technology boxes and allows users to simply get on with their life.
Xoom Corporation announced it has acquired BlueKite for approximately $15 million in cash and equity. BlueKite has built a robust technology platform for cross-border bill payments and mobile phone top ups. This acquisition will allow Xoom to offer adjacent services to their burgeoning money transfer offerings, with the ability to pay bills for their loved ones, as well as top-up mobile phones.
SumUp launched its mobile payments service in Brazil and opened an office in São Paulo, where it will allow small businesses to accept all major credit cards with their smartphones or tablets using the SumUp Chip & Signature Card Reader. Charged on a fee per transaction basis, starting at 3.7%, merchants can choose to receive payouts after five business days or 30 calendar days. SumUp has launched a major update of its iOS and Android App. The completely redesigned apps will allow for an even faster payment flow.