Monet, the largest mPOS (Mobile POS) service provider in Pakistan, and China’s UnionPay jointly announced the launch of a mPOS acquiring service in Pakistan. The UnionPay mPOS solution is to be launched at fast food restaurants, express companies and in hospitals and on taxies.
Western Union reported Consumer-to-Consumer (C2C) constant currency third quarter revenues increased 3%, while reported revenues declined 3%. Consumer-to-Business (C2B) revenues grew 6% in the quarter, or 10% constant currency, driven by the Argentina walk-in and the U.S. electronic bill payments businesses.
San Francisco-based Snapcard, Bitcoin wallet & bitcoin payment processor, has teamed with UniPAY, an e-wallet company and payment service provider based in the country of Georgia.
Austin-based Mozido has ankled R. Todd Bradley as the company chief executive officer effective immediately. Bradley joins Mozido from TIBCO Software where he served as president of the Silicon Valley business software concern since June 2014.
San Diego-based Ecwid has collaborated with Square to offer retailers the ability to sell anywhere online and keep all channels in sync. Ecwid is available directly or through trusted partners and has over 900,000 registered merchants in 175 countries with support for 45 languages.
Navy Federal Credit Union, the world’s largest credit union, is adding Samsung Pay as a mobile payment option for its nearly six million members worldwide. The CU says credit cards alone saw total sales reach $1.18 billion in September.
The CARTES SECURE CONNEXION event this year features 33 SESAMES Awards finalists and the 5 Startup Challenge finalists. The SESAMES Awards will be presented on November 17th.
The MCX CEO said the agreement with Chase will link MCX’s extensive network of owner-merchants – which collectively process over a trillion dollars annually in transactions at more than 110,000 retail locations across the United States – with Chase, which is number one in total U.S. credit and debit payment volume.
MasterCard (MC) third quarter profits declined 3.7% year-on-year (YOY), or discounting special items up 1%, or up 9% on a currency adjusted basis (FX) to $977 million.
PayPal racked up a 10.2% gain in year-on-year (YOY) accounts to 173 million. Gross transactions soared by 25.1% from 972 million in Q3/14 to 1216 million for 3Q/15.
Gemalto posted revenue at €769 million, up +23% at historical exchange rates and +13% at constant exchange rates. Platforms & Services revenue soared +74% at constant exchange rates and +13% pro forma.
Toronto-based GoldMoney has launched the world’s first automated gold to fiat settlement technology enabling gold payments to instantly settle as fiat currency. The new feature can be found within the BitGold platform settings under “Automatic Redemptions” and allows BitGold users to set Automatic Redemptions Plans.