Velocity has picked up one of the largest ever Series A funding rounds for a UK-based company. Velocity is the lifestyle app empowering diners to pay and earn rewards directly from their phone.
India’s HDFC Bank, has intoduced its one-click payment platform called PayZapp, as part of its ‘GoDigital’ strategy.
Entrust Datacard has introduced Datacard Adaptive Issuance Remote Monitoring and Management Software, the first-ever intelligent command center that enables banks and credit unions to easily manage their entire fleet of in-branch instant card issuance devices from a single web-based dashboard.
Updated figures, based on regression analysis, shows gross dollar volume (GDV) for Visa, MasterCard, American Express and Discover cards (credit + debit) globally will rise 7.1% on a currency adjusted basis (FX) for the second quarter. RAM Research projects global GDV of $3587 billion for the second quarter.
Due to exponential smoothing purchase dollar volume (PDV) for Visa, MasterCard, Discover and American Express U.S. credit cards is expected to exceed $4.2 trillion annually by year-end 2019. According to forecaster RAM Research, the U.S. PDV for the U.S. credit card industry is growing at a CAGR of 10.1%.
Tanzania’s largest bank launched its range of MasterCard debit cards, including the Tanzanite, Titanium and the first World Rewards card in the country.
Toronto-based BitGold has launched its payments platform in the US and US territories. US residents can sign up on the BitGold platform and buy, sell, or redeem gold using BitGold’s Aurum payment and settlement technology.
British Columbia-based PayByPhone is disrupting the traditional parking landscape for cities and consumers. With the introduction of initiatives such as Google’s Sidewalk Labs, there is increasing pressure on technology developers to provide better solutions for urban living.
YapStone announced RentPayment, its online and mobile payment solution for the apartment rental industry, will now report rental payment information using TransUnion’s Resident Credit. The integration with ResidentCredit will offer a prompt, seamless reporting process for property managers and residents.
MasterCard is teaming with Premier Bank, becoming the first international payments network to enter Somalia. Premier Bank will now issue and accept the first MasterCard-branded payment cards in Somalia, a country that hasn’t had any form of formal banking service since the collapse of the government and financial services system in 1991.
eBay’s board of directors has approved the completion of the previously announced separation of eBay and PayPal into independent publicly traded companies. Subject to the satisfaction of the conditions to the distribution, the distribution of PayPal common stock is expected to occur on July 17.
Based on the data issued by the China National Tourism Administration, the purchase of outbound tourism in 2014 reached 115 billion USD (about 724.5 billion RMB), with year-on-year growth of more than 20%. At present, UnionPay cards have become the preferred payment brand of outbound Chinese tourists.