MasterPass. the digital payment solution, is now accepted in 24 countries around the world, with recent additions including Germany, Belgium, Hungary and Turkey. Since its 2013 launch, MasterPass has increasingly been making shopping easier for shoppers and retailers.
Discover cards be added to Apple Pay starting September 16th. Additionally, Discover is rewarding cardmembers in the U.S. who use their Discover cards through Apple Pay with a 10% Cashback Bonus.
The Electronic Payments Association says its Payments Innovation Alliance has launched a Mobile Wallet Initiative to enable stakeholder companies and the broader mobile wallet community to leverage an “open” acceptance platform that includes support for retailer- and bank-branded mobile wallets for electronic payments.
SD-based Meta Financial Group reports its bank subsidiary, MetaBank, completed the previously announced acquisition of substantially all of the related assets and liabilities of Fort Knox Financial Services Corporation and its subsidiary, Tax Product Services.
Agiliance Payment Card Industry (PCI) Data Security Standard (DSS) 3.1 Content Pack has been released. Based on the new PCI DSS 3.1 information security standard, this new content pack provides organizations that handle cardholder information for major debit, credit, prepaid, e-purse, ATM, and point-of-sales cards, with packaged intelligence and best practices to tighten controls and reduce the risk of data breaches and fraud.
WA-based INRIX has completed the acquisition of ParkMe, a Santa Monica, CA company that helps consumers find parking, make reservations and mobile payments worldwide. This deal makes INRIX the preferred provider of parking information and services to leading automakers, transportation agencies and drivers around the world.
SMB-specialist PopMyDeal has inked a partnership with CardConnect, a provider of payment processing and technology services for SMBs and enterprise customers, to offer their respective combination of products to new and existing businesses across their sales channels.
MasterCard has teamed with ASK Italian, Zizzi (both part of the Azzurri Group) and Carluccio’s to bring their customers a more convenient, speedier and fuss-free way to pay for their meals via the Qkr! with MasterPass app on their phone.
American consumers continue in a buying mode after ratcheting up revolving credit by $4.3 billion or 5.7% year-on-year (YOY) in July. Total revolving credit (revised) for the first quarter is $890.8 billion, compared to $910.3 billion (revised) for the second quarter and $914.6 billion in July 2015.
Eight out of 10 global shoppers’ purchase decisions are now informed by a digital device, with consumers saying they are smarter shoppers and getting more value than before. However, though in-store sales still account for more than 90% of all retail spending, the result is a more focused in-store shopper buying from a narrower list of unique stores than in years past.
UK household spending is going gangbusters with a +1.9% year-on-year (YOY) increase in spending in August. It was the strongest increase in Recreation & Culture spending in six years. Misc. Goods & Services (which includes hairdressing and jewelry) also reported strong growth (+12.1%).
MasterCard says everyone will able to pay with their contactless-enabled device for high value payments (above £30 in the UK) at all contactless terminals in Europe by 2017.MasterCard already announced last year that contactless would be accepted at every point of sale across Europe by 2020.