Gemalto unveiled Coesys mGov, a new mobile strong digital authentication solution that enables citizens to access online government services using a combination of their contactless national eID card and NFC phone.
U.S. Bank’s Elavon has promoted Wally Mlynarski to senior vice president of global product and innovation. Mlynarski previously served as vice president of Elavon’s “The Grove” global innovation center, which launched in 2013 to harvest customer-centered innovation in payments and establish key partnerships with third party innovators.
MasterCard Latin America and the Caribbean (LAC) has launched MasterCard Travel Services for Platinum MasterCard and MasterCard Black cardholders.
Tillster is buddying with Gimbal to bring advanced, mobile location-based guest services to restaurants nationwide. Tillster will incorporate Gimbal’s geofencing, Bluetooth Smart proximity beacons, and analytics technologies into their partners’ branded mobile applications to deliver new customer location and engagement services.
U.S. cards-in-force (CIF) for Visa and MasterCard credit cards increased 8.9% year-on-year (YOY) while CIF for debit cards rose 9.1% YOY, in the first quarter, according to CardData. Driven by prepaid cards, U.S. Visa and MasterCard debit cards could cross the 700 million milestone in 2016.
Gross or open accounts (GAC) for U.S. credit cards among the nation’s four largest issuers climbed 5.2% in the first quarter to 189.9 million, compared to 180.4 million one-year ago. While Chase and Citi posted slight downticks in Q1, BofA and Capital One are looking up.
Visa’s (VS) Asia Pacific (AP) region Q1/15 Gross Dollar Volume (GDV) rose year-on-year (YOY) by 9.0%, but down sharply from Q1/14’s 11.6% YOY currency adjusted gain. However, there was a sequential gain for VS AP from 8.0%.
China’s Alibaba Group posted its strongest quarter to-date with revenue soaring 45% YOY, driven by gross merchandise volume (GMV), annual active buyers, and mobile. The Company also named Daniel Zhang, currently COO to become CEO, effective May 10th.
Another credible survey confirms U.S. small business owners are more confident about the future of their businesses now than at any time since the Great Recession. About 67% say the national economy is in recovery or expansion, up from 46% in 2013.
A new survey shows alternative lending products on the rise however, only 15.4% of small business owners are considering credit cards as a funding option for the upcoming year, which is significantly lower than the 26.6% of respondents who used credit cards in the last two years to cover expenses over other means.
Mobile proximity payments make up a mere 1% of all retail transactions, compared to total online payments at 9%. Mobile proximity payments will total $54 billion by 2019.
Visa, with the largest payment infrastructure globally, says Americans modestly increased spending in April with growth across most major purchase categories.