PayForward has launched the Visa Link Card – the first card of its kind allowing users to earn instant cash from PayForward merchant partners while still receiving rewards from their current providers. This new feature aims to strengthen PayForward’s convenience and effectiveness by allowing members to use assets already in their wallets.
San Francisco-based Cointent has raised $1 million in its initial funding to become a provider of micropayments to online publishers. The service would enable online content providers to sell individual articles, songs, videos, etc for as little as five cents.
New research suggests the global mobile wallet market will grow at a CAGR of 36.8% between now and 2019. One major trend emerging in this market is increased awareness about mobile wallets as vendors are opting for various marketing strategies to promote their products.
SIX Payment Services saw online transaction volumes rise in 2014 alongside constant increases in traditional card payments using credit and debit cards at the point of sale. The range and volume of payment transactions made online, in high street stores and through a variety of other locations offering goods and services continued to expand in tandem with technical innovations. Mobile wallets, which became a hot topic in 2014, are likely to gain momentum in 2015 with the launch of Apple Pay. We also anticipate that NFC payments (near field communication) and omni-channel solutions will effectively remove the dividing line between online and offline activities. SIX Payment Services saw global transaction volumes increase 10%, rising from 1.195 billion in 2013 to 1.315 billion in 2014. The total transaction volume (MSV) amounted to EUR 57.5 billion. Almost half the transactions (48%) came from the international business of SIX. The number of cards processed increased by 2% to 25.7 million in 2014.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Barry McCarthy, President of First Data’s U.S. Financial Services.
Watchdata Technologies launched its first smart wearable device Sharkey. Sharkey is a smart wearable device supporting NFC payment which, after being connected with android or iOS phone’s mobile terminal via Bluetooth, can be used for contactless payment.
Santa Cruz, CA-based PayStand, a next generation online payment solution, is now making platform integration even easier with the introduction of the PayStand API. This is the first API to combine a solution for accepting Bitcoin, eCheck and credit cards.
Spindle mobile commerce signed strategic agreements with iPayMobil m-payment ecommerce solutions, allowing the partnership to provide a convenient, efficient and secure way to offer micro-lending services to merchants as part of Spindle’s existing payments product suite. Merchants will be able to offer Spindle’s free, downloadable mobile wallet app to their customers to facilitate credit approvals for time payments at competitive rates. iPayMobil will license seven of its ecommerce patents to Spindle to augment its product and service offering to merchants. The iPayMobil micro-lending service deployed through Spindle’s commerce platform is targeted for release in the first quarter of 2014, and will be offered to MeNetwork’s 400,000 mobile application consumers.
Paysafecard’s “Cash for the Internet” has embarked on the Canadian market, with about 27 million Internet users and a user rate of more than 80%. An expert for prepaid payments on the Internet, Paysafecard was founded in 2000 and continues the development of non-European markets which began in 2009 in Argentina, followed by Mexico and the United States. paysafecard prepaid payment allows consumers to pay quickly and securely over the Internet.
Heartland Payment Systems announced three new executive positions to further develop its portfolio and services within key industries and extend the company’s strong growth track record. With this, Robert H.B. Baldwin, Jr., previously president of the company, will serve as vice chairman; Michael A. Lawler, previously chief of corporate development, is being promoted to president – strategic markets group; and David Gilbert is joining Heartland as president – hospitality group. Baldwin will continue working closely with Mr. Carr, with responsibilities for key industry relationships, investor relations, information security, and customer service operations. A 12-year veteran of Heartland, Mr. Baldwin will also be an essential collaborator with the business group leaders in the planning and execution of Heartland’s growth strategies.
Gemalto deployed its next generation multi-application advanced smart cards technology to EasyCard Corporation allowing micropayments on the widely used transport card enjoyed by over 30 million cardholders that ride the metro in the Greater Taipei Area. The new Gemalto Celego card supports both contact and contactless functionalities, allows users to securely check their personal transaction records from the Internet, to make e-payment for government services and to conduct Internet shopping. Gemalto made available its full set of consulting services on specifications, provided operating system development and certification, and advised EasyCard Corporation on the migration path and opportunities to this new high end multi-application product. The Gemalto Celego card has obtained the Common Criteria EAL4+ top level bank security standard certification. This enables EasyCard to meet the Taiwan Financial Supervisory Commission stringent requirements.
Research and Markets (http://www.researchandmarkets.com/research/x8wcwh/making_money_from) has announced the addition of the “Making Money from Micropayments” report to their offering. Micropayments are transactions with a low value, but the exact definition depends on the business case and the target group. This report considers low value payments to be transactions below €5/$6.50/£4, based on The Economist magazine’s historical…