Since launching in August in Korea, Samsung Pay has reached KRW 250 billion in accumulated transaction volume and over 10 million in accumulated number of transactions. This week Samsung Pay has expanded to transportation.
Vodafone Romania has teamed with the digital money transfer service WorldRemit. Through Vodafone M-Pesa, WorldRemit customers can now send instant money transfers to any Vodafone customer in Romania.
Cybersecurity will be a focus of the upcoming presidential election as organized crime rings continue to expand and terrorism shifts online. Retailers will continue to fall victim to attacks and suffer millions in losses and debts, leading to more lawsuits.
FL-based ZipLine has inked a technology agreement with SAP to integrate its mPay mobile payment interface with SAP Vehicles Network, running on the SAP HANA Cloud Platform for the Internet of Things (IoT).
New research reveals the average indebted household owes $15,355 in credit card debt alone. Credit card debt costs consumers an average of $2,630 per year in interest.
Total U.S. credit cards-in-force (CIF) in the third quarter (3Q/15) for Visa, MasterCard, American Express and Discover was up 6.0% year-on-year (YOY). At the end of 3Q/15, there were 635 million U.S. credit CIF compared to 599 million for 3Q/14.
A new study reveals use of mobile phones to make in-store payments nearly quadrupled from 5% in 2014 to 18% today. Currently about 1 in 5 consumers using their phone to make a payment in-store.
Visa and MasterCard international card purchase dollar volume (PDV) for the third quarter (3Q/15) posted $1112 billion, compared to $1139 billion one-year ago. However, the nominal year-on-year (YOY) change is meaningless.
Visa and MasterCard international gross (open) payment card accounts (GAC) for the third quarter (3Q/15) grew 8.5% year-on-year (YOY). International credit GAC was up 4.3% YOY and international debit GAC soared 11.5% in 3Q/15.
Utrecht-based Equens is expanding its product portfolio to include an end-to-end pan-European instant payment service. The delivery to the market of the first components is scheduled for the second quarter.
The new CvvPlus real-time, dual-factor, out-of-band, fraud prevention solution authenticates cardholders conducting Card-Not-Present (CNP) transactions. This is the first product from FL-based Tender Armor.
Oberthur Technologies (OT) is beefing up its portfolio for the Austrian debit market by providing rechargeable debit cards integrating the Quick Electronic Purse loaded on OT’s latest contact and contactless cards.