UnionPay International and China Trust says all merchants of China Trust will now accept UnionPay cards.
MUFG Americas Holdings, a wholly-owned subsidiary of The Bank of Tokyo-Mitsubishi UFJ, has ankled Donna Dellosso as the Chief Risk Officer for the Americas for MUFG Americas and its U.S. banking subsidiary, MUFG Union Bank.
PA-based USA Technologies reported record total revenue of $17.6 million for Q2/15, a year-over-year increase of 57%. Also, record license and transaction fee revenue of $11.9 million, a year-over-year increase of 26%
Los Angeles-based Payscout has inked an agreement with China’s Alibaba Group, under the terms of which Payscout will provide global payment logistics for Tmall,
Feedzai, a data science company that uses real-time, machine-based learning to analyze big data and minimize risk in the financial services industry, inked a partnership with Socure, the industry leader in real-time online identity verification solutions.
Acculynk has completed its implementation and “gone-live” with the City of College Park. Acculynk was awarded the contract in late June with the intent to deliver a unique and multi-channel solution that facilitates the payment of utility bills for the citizens of College Park.
Toronto-based Suretap has launched the launch of the suretap prepaid MasterCard. It’s a secure, easy-to-use virtual prepaid card that is now part of and only available through Canada’s leading open digital wallet experience, the suretap wallet.
Globo has inked I Love Velvet to integrate GO!Enterprise with its Mobile Point of Sale (MPOS) solution.
Monitise reports FY 2015 revenue declined 6% to £89.7m. The loss was £41.8m, was at the lower end of the Company’s guidance range of a £40-50m loss. Elizabeth Buse has stepped down as CEO and from the Board. Deputy CEO and Chief Commercial Officer Lee Cameron has been appointed CEO.
About 25% of U.S. debit cards – approximately 71 million cards – will be migrated to chip by the end of 2015. The percentage is expected to rise to 73% by the end of 2016 and 96% by the end of 2017.
After failing to come to terms with Costco in March for a contract renewal beyond 2016, American Express has inked Sam’s Club for card acceptance as of October1st. The membership warehouse club serves 500,000 small business owners every day and offers tons of opportunities for AmEx despite Sam’s razor thin profit margins.
Irish consumer spending continued to increase at a sharp pace during August as household expenditure rose +5.6% year-on-year (YOY). However, it was slightly weaker than the +6.1% expansion recorded in the previous month but still the joint-second fastest in the 12 months of the series so far.