London-based CellPoint Mobile, a global payment solutions company whose technology enables airlines to easily manage and control the complex and costly travel payments ecosystem, is unveiling its newest platform, the Converged Payment Gateway to the global airline industry.
San Francisco-based Revel Systems has landed $13.5 Million from ROTH Capital Partners, a relationship-driven investment bank with close connections to Revel. This was Revel’s C-3 investment round, a follow-up to the Series C-1 round led by Welsh, Carson, Anderson & Stowe in November 2014 and Series C-2 round led by Intuit in December 2014.
Netherlands-based European payments provider CCV is now using Authentic, an intelligent payments platform from NCR’s Alaric. CCV plans to implement Authentic across Europe to support a new state-of-the-art payments processing solution it has developed for its customers, due to go live in December 2015.
Boost Mobile and ZTE USA unveiled the latest addition to the Warp family, the Warp Elite by ZTE, offering several notable upgrades and features that matter most to consumers, including payments.
The pioneering technology-led international courier ParcelHero says SMEs and start-ups must keep on top of changing trends to ensure they are not left behind in the build-up to Christmas. Apple Pay is well-established in the US and already a hit in the UK following its July launch; Google’s Android Pay is imminent and Samsung’s new Pay App arrives in the US in September and will have its European launch first in the UK.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Håkan Persson, CEO at Precise Biometrics.
Gone, the on-demand selling app where users can sell their stuff easily and quickly, has launched its SMS service, which allows users to simply text to talk to a human being in real time about what they want to sell.
Capital Prepaid Services has made loading checks more convenient with the availability of mobile check cashing for the program it manages, the BlazePays Visa Prepaid Card. The new feature allows cardholders to cash checks to their BlazePays Prepaid Card easily from virtually anywhere.
While companies around the world are taking note of the growing emergence of mobile and digital payment applications, many treasury departments still grapple with the continued existence and enormous cost of paper payments. Clients at the Bank of America Merrill Lynch Conference on Payments and Commercial Card continued to identify that fully converting their payments to electronic was their No. 1 priority in improving their working capital in 2015.
TECHEXPO’s annual New York City Cyber Security Summit will take place on Friday, September 18 from 9:00am to 6:00pm at the Millennium Broadway Hotel (145 West 44th Street). The NYC Cyber Security Summit is part of an exclusive conference series that connects senior level executives with innovative solution providers and renowned information security experts.
Gross or open accounts (GAC) for U.S. credit cards among the nation’s four largest issuers climbed 2.0% in the second quarter to 187.4 million, compared to 183.7 million one-year ago. The growth is driven by Capital One, while Chase, Bank of America (BofA) and Citibank face year-on-year (YOY) and quarter-to-quarter (QOQ) GAC erosion. However, BofA posted a slight YOY gain.
U.S. bank credit card active accounts (accounts with sales activity), among the top six U.S. issuers, grew 1.4% year-on-year (YOY) and flat quarter-to-quarter (QOQ) in the second quarter. This comes despite the slight erosion in gross accounts by Bank of America and Citibank.