The cumulative number of UnionPay cards issued globally has exceeded 5 billion and UnionPay has become Chinese residents’ preferred payment brand. Its online and mobile payment users have surpassed 200 million to date. In overseas markets, innovative UnionPay products and services are increasingly being used, with 10 million online merchants outside the Chinese mainland currently accepting payment with UnionPay cards.
SEQR released its new feature MyShop, making it possible for every user to sell goods via their mobile, whether it is a garage sale or opening their own mobile e-shop. The goods can conveniently be marketed in social media channels of choice, classified sites, or printed and posted.
CA-based Blackhawk Network inked a definitive agreement to acquire Achievers Corp. Achievers is a leading provider of employee recognition and rewards solutions designed to help companies increase employee engagement. The acquisition will broaden the reach of Blackhawk’s already extensive incentive and engagement business.
U.S. Bank and Fiserv have expanded their relationship of 15 years. U.S. Bank, the fifth largest bank in the United States, inked a five-year renewal for the CheckFree RXP electronic billing and payment, Popmoney personal payment and TransferNow account-to-account transfer solutions.
AiryHair, one of the largest online suppliers of human hair extensions and accessories has replaced wire transfer payments with Bitcoin, Litecoin, and Dogecoin cryptocurrencies. By accepting these three new forms of digital currency, AiryHair is the first hair extension wholesaler to do so.
Cubic Transportation Systems, Transport for London (TfL) and Barclaycard have received another major honor for London’s contactless bankcard payment system, after winning the prestigious ‘Operational and Technical Excellence’ award at the 2015 UITP (International Association of Public Transport) closing award ceremony in Milan.
Nearly one-half of smartphone bankers are banking from their mobile phones in the bedroom. Additional findings show 30% bank while in the bathroom and 13% while driving. Among online smartphone shoppers, 4% of them are shopping on their mobile phones while crossing the street or standing in line (18%).
Bank of America Merchant Services inks its participation in the American Express’ OptBlue program. OptBlue provides simplified sign-up and management of American Express card-related processing for small businesses.
DB Card Services in the Netherlands has issued the 1.3 millionth Card Issued by Prepaid Financial Services. The DB Card is a Euro Prepaid MasterCard launched in 2013 by PFS and DB Cardservice, an innovative payment provider and distributor based in Netherlands.
P2P (person-to-person lending) lending volumes are equivalent to only a small fraction of the lending undertaken by traditional financial institutions, but P2P lending platforms can be viewed as an interesting development but not a competitive threat to traditional lenders. However, the emergence of P2P lending is a valuable new source of financing in the post-2008 global economic and financial world and has the potential to close the credit gap.
Verifone will be among the first to enable clients to accept rewards and loyalty information in addition to NFC payments at the terminal via Apple Pay.
The Global Smart Card market in the Telecom sector is set to grow at a CAGR of 4.98% over the period 2014-2019. These cards are used by employing a radio frequency between card and the reader that needs no physical insertion of the card.