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.
CardWeb.com’s CardData database of Company Profiles today features ACI Worldwide.
CardWeb.com’s CardData database of Company Profiles today features Rêv Worldwide.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Rick Weller, Executive Vice President and Chief Financial Officer of Euronet Worldwide.
About six out of ten Americans plan to purchase gift cards – the top item on consumers’ shopping lists – this year, according to Accenture’s 2014 Holiday Shopping Survey. Boost Mobile Wallet and Sprint Money Express, powered by Wipit, provide consumers an easy way to make payments from their smartphone or prepaid Visa or MasterCard with no credit check or monthly fees.
New research examines the size and diversity of prepaid loads through card malls hosted in third-party retailers’ locations. The convenience and variety of cards offer consumers a way to buy gifts, access financial services, and obtain cell phone service. The total dollars loaded through card malls grew at a pace of 19% in 2013. This growth indicates the importance of the channel to shoppers and shows why prepaid providers should consider card malls as part of their overall prepaid distribution strategy. The report estimates of the market size in the United States for prepaid loads made through card malls hosted by other retailers and the diversity of cards and services prepaid card malls despite common perception as gift card malls. Prepaid card mailings include offerings from American Express, the Blackhawk Network, Discover, epay, Euronet WorldWide, Green Dot, InComm, MasterCard and Visa.
Prepaid card malls are growing significantly this year. A new report examines the size and diversity of prepaid loads through card malls hosted in third-party retailers’ locations.
Prepaid cards are a tricky emerging market. A new report suggests that Blackhawk Network, epay, and InComm rule the prepaid market. Mercator says many companies are at risk of displacement if they do not respond accordingly to the mobile, online, and virtual technologies threat.
Delivering greater self-service convenience to consumers, Diebold, Incorporated is adding 700 new Opteva® automated teller machines (ATMs) to Euronet Worldwide’s extensive fleet across Europe. The agreement includes Opteva cash dispensers with full cash recycling capabilities. Diebold will also provide three years of maintenance and deliver ATM channel management services to enhance the security, compliance and uptime of Euronet’s new terminals.
Euronet Worldwide has completed the acquisition of U.K.-based HiFX. The acquisition complements Ria, Euronet’s existing money transfer business, by expanding its offerings to include online-initiated, account-to-account international payment and foreign exchange services to high-income individuals and small-to-medium sized businesses. Under the terms of the purchase agreement announced on March 10, 2014, Euronet acquired HiFX for approximately [Pounds]145 million or $242 million. The purchase consideration was comprised of approximately 1.3 million shares of Euronet stock and approximately $185 million in cash, including approximately $78 million of cash on hand and approximately $107 million funded using Euronet’s revolving line of credit. HiFX, now a wholly owned subsidiary of Euronet, will present its financial results with Euronet’s existing money transfer segment.
On Track Innovations NFC and cashless payment solutions, has expanded the capabilities of the 84 transit ticket vending machines operated by its electronic ticket systems subsidiary, ASEC S.A. Integrated oti NFC contactless card readers now allow travelers and commuters to easily use any NFC-enabled credit/debit card or mobile device to recharge their pre-paid phone cards issued by Mobile Network Operators (MNO) in Poland. Currently supported pre-paid cards include those issued by T-Mobile, Heyah, Play, Plus, Orange, NJU Mobile and Lycamobile. The machines accept traditional credit/debit card and cash payments and will also support oti’s new WAVE device that makes any mobile device NFC-capable. The ASEC automated ticketing network has enabled more than 62 million trips on the Mazovia Railway. Revenues generated from this new capability for refilling pre-paid phone cards are included in the estimated $4.7 million transaction fees revenues for the Mazovia Railway System over five years as was announced by oti in April 2013.