The popular connected health and fitness market specialist, Fitbit, has inked a deal to acquire the wearable payment assets of startup Coin. The deal includes key personnel and intellectual property specific to Coin’s wearables payment platform. While there are no plans to integrate Coin’s wearable payments technology into the 2016 Fitbit product roadmap, the acquisition…
Worldline and Equens are getting married. Equens is a prominent European payment services provider, headquartered in Utrecht, Netherlands, with €305 million 2015 revenue. Equens Worldline Company will become the largest pan-European financial processor, targeting 2016 revenue of € 700 million and OMDA of € 120 million, managing approximatively 100 million payment cards and employing 3,000 experts in payment.
CardWeb.com’s CardConferences today features the BAI Retail Delivery 2015, October 13-15, in Las Vegas.
CardWeb.com’s CardData database of Company Profiles today features Vodafone.
Toronto-based Carta Worldwide has been selected to make tap-and-go payment services available to HP customers in Europe, the Middle East and Africa, Asia Pacific and Canada. The Company says HP is highly reputable provider of payments technology to the banking and mobile sectors, and their sales and sales support channel will allow it to accelerate the scaling of its business.
Pivotal Payments’ FlexPoint division has teamed with Datacap Systems. The partnership signifies the launch of Pivotal Payments’ exclusive FlexPoint ePay and FlexPoint Tran services based on Datacap’s popular integrated payments middleware.
Team One Credit Union, Saginaw, MI and MShift have begun pilot testing MShift’s patented AnyWhereMobile mobile payment network (AnyWhereMobile) with a locally owned restaurant in Saginaw.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Sam Esfahani SVP, Chief Information Officer of PSCU.
Stage Stores has implemented with Chase Paymentech point-to-point encryption (P2PE) for nearly 900 stores in the U.S. The neighborhood retailer will conduct payment transactions on Ingenico Telium terminals using Chase’s Safetech encryption, powered by Ingenico Group’s On-Guard technology.
Misys software has been awarded the SWIFT Certified Application labels for trade, supply chain finance and corporate supply chain finance. Having won the recognition for the seventh consecutive year, Misys was namely awarded for its FusionBanking Trade Innovation and FusionBanking Corporate Channels, FusionBanking Trade Innovation and FusionBanking Corporate Channels – Supply Chain Finance and FusionBanking Corporate Channels – Corporates-Trade Supply Chain Finance. Misys’ dedication to SWIFT best practices over the years has ensured the firm’s trade services platforms are compliant with the latest standards in trade finance. In upcoming releases this will include support for the SWIFT FATF 16 changes, due in 2015 as part of SWIFT’s roadmap to address financial crime in payments and trade finance.
Mobile transit payment specialist, Masabi, has ankled Brian Zanghi as its new Chief Executive Officer and President. He will assume the role immediately and is focused on accelerating growth globally in the evolving mobile ticketing market.
The mobile device and network security investments will account for nearly $11 Billion in 2014. The market is further expected to grow at a CAGR of nearly 20% over the next 6 years.