Despite devaluing its rewards program for customers by 20% in April, Starbucks Rewards continues to draw in more members by 16.5% year-on-year (YOY) in the latest quarter (1Q/16). According to First Annapolis , a consulting concern, Starbucks will be launching an open-loop Visa prepaid card with Chase and plans to enhance personalization of marketing loyalty…
Square posted a stunning first quarter (1Q/16) with revenue up 50%+ year-on-year (YOY), gross payment volume (GPV) up more than 45% and Starbucks volume up more than 34%. Part of the growth is also driven by contactless (NFC) and chip reader (EMV) sales which have reached nearly half a million at the end of 1Q/16.…
Starbucks, Walgreens, NFL Shop, HSN and Match are among the new merchants taking advantage of Visa Checkout’s ability to deliver seamless digital payments. Walmart.com will also begin supporting Visa Checkout this year. More than 10 million consumer accounts and 600 financial institutions in 16 countries have signed up to use Visa Checkout since its launch…
Yoyo Wallet has been ranked by KPMG as one of the top 50 emerging companies in the global financial technology space. Yoyo’s U.S. expansion comes after a successful $10 million A round that has boosted Yoyo to become the fastest growing mobile wallet in the UK, processing up to 65% of checkouts across participating locations.
Clip, empowering merchants to accept all payment methods in Mexico has snagged another US$8 million in funding.
Square reported total revenue of $892.8 million for the nine month period ending with the close of the third quarter (3Q/15), a 49% year-on-year (YOY) increase over the same period in 2014.
One of the key challenges presently facing the mobile payments market is the high level of market fragmentation, defined both by the multiplicity of platforms/solutions technologies being deployed and the increasing range of service configurations being offered. This slows down merchant acceptance and makes it difficult for providers to gain scale. We expect the market to reach a point where consolidation among players and solutions becomes the best way to drive address this issue.
San Diego-based Ameranth says the U.S. Patent And Trademark Office (USPTO) has concluded its review process of Ameranth’s lead ‘data synchronization’ patent under a second attempt to invalidate it under the Covered Business Method (CBM) review process initiated by many infringing Defendants.
In today’s CardFlash News Que: THREATMETRIX (award); AMERICAN EXPRESS (SCA); YSTATS (report); and ENTERPRISE (Chase).
The ATM Industry Association (ATMIA) has released a new research paper, “U.S. Mobile Payments: Do They Disrupt Cash?” which examines the impact of mobile payments on the growth of cash. Despite all the attention it receives, mobile payments still account for only a very small fraction of retail in-store payments.
Prepaid specialist CashStar and Maritz Motivation Solutions have inked a strategic partnership to power Maritz Motivation Solutions’ digital gift card offerings. The CashStar Commerce platform now enables Maritz Motivation Solutions to offer personalized digital gift cards from leading retailers and restaurants to its program participants as a reward option.
CardWeb.com’s CardData database of Company Profiles today features CashStar.