Zelle is here, a new, faster payments network from Early Warning that will revolutionize how U.S. consumers and businesses send and receive money. Zelle will launch in early 2017 and will be directly embedded within mobile banking channels of its network banks. A consumer-facing app for person-to-person (P2P) payments will be released in 2017. Zelle…
UnionPay confirms its chip card standard licensing cooperation with seven member institutions of Asian Payment Network (APN). With this cooperation, the major switch networks in Singapore, Thailand, South Korea, Malaysia, Indonesia and the Philippines will adopt UnionPay chip card standard in card acceptance and card issuance. UnionPay acceptance network has expanded to 160 countries and…
A new survey finds cross-border e-commerce has become prevalent among consumers around the world. It’s no surprise that consumers frequently make domestic online purchases (94%), however more than two-thirds (66%) of consumers that have ever made a domestic online purchase have also made an online purchase from another country in the past year. The third…
NY-based eHopper Services has unveiled multi-store support for the eHopper POS. It now provides full visibility into all locations with the convenience of accessing all management features, functions and data all from one place. Article – NY-based eHopper Services has unveiled multi-store support for the eHopper POS. It now provides full visibility into all locations…
The Clearing House, a national payments system operator for the U.S. banking industry, has inked IBM to help deliver a new real-time payments system due to roll out in 2017. Set to transform domestic digital transactions, the real-time payments system (RTP) is designed to enable consumers and businesses across the U.S. to send and receive…
In the face of litigation for alleged National Federation of the Blind and ADA (Americans with Disabilities Act) violations. Claims include inaccessible or unusable payment keypads for wheelchair users or visually impaired customers at the point of sale. In most cases, the person with the disability often gives their payment card and PIN to the…
Worldpay is helping businesses unlock the full power of their payments data with the unveiling of a revolutionary big-data analytics tool, Your Marketplace. The service has been designed with the needs of large corporate businesses in mind, giving them the actionable insights they need to make better business decisions and transform everyday operations by putting their…
The global value of contactless POS (point of sale) terminal transactions, conducted in-store via cards, mobile and wearables, will approach $500 billion annually by 2017; this is up from an estimated $321 billion this year. However, the low value nature of contactless payments means that it will only represent just 5% of the total value…
In Other News: MYC (webinar); CLEARENT (exec); BLUEFIN (P2PE); and YAPSTONE (exec). MYC – Master Your Card (MYC) sponsored by Mastercard, announced a new webinar series on card acceptance, developed in partnership with the Association of Women’s Business Centers (AWBC). The webinars are based on input and feedback from small business owners on how to…
eBay’s GittiGidiyor has selected Gravity R&D as its personalization platform provider. During an intensive test against eBay Turkey’s in-house solution and global competitors, Gravity demonstrated the best performance in all categories. Acquired by eBay in 2011, GittiGidiyor has evolved into one of the leading players in the rapidly growing, Turkish e-commerce market. In 2015, GittiGidiyor…
With the steady rollout of EMV and NFC at in-store POS terminals, the launch of retailer apps that allow mobile checkout (e.g., IKEA), and the development of alternative networks, the retail POS payments landscape is forever changed. Macy’s and Walmart are just a few of the big names offering consumer the opportunity to purchase online…
As of July, 88% of Mastercard U.S. consumer credit cards have chips, representing a 105% increase in chip card adoption since the October 1, 2015 liability shift. The company also sees 2 million chip-active merchant locations on its network, a 468% increase in chip terminal adoption since October 1, 2015. Two million merchants represent 33%…