Other Breaking News
CardFlash News Briefs: PURCH (ShopSavvy); CLEARANT (OpenCart); PAYCERTIFY (Paytronicks); and EC4IM (chargebacks).
CardFlash News Briefs: PURCH (ShopSavvy); CLEARANT (OpenCart); PAYCERTIFY (Paytronicks); and EC4IM (chargebacks).
Synchrony Financial is now officially separated after GE stock exchange for $20.4 billion. The consummation of the exchange offer completes the transition of Synchrony, the largest provider of private label credit cards in the United States*, to an independent, standalone company.
In today’s CardFlash News Que: VISA (Movember); American Express (Presido); SYNCHRONY (DoD); and REPORTLINKER (Europe).
China’s Alibaba Group posted its strongest quarter to-date with revenue soaring 45% YOY, driven by gross merchandise volume (GMV), annual active buyers, and mobile. The Company also named Daniel Zhang, currently COO to become CEO, effective May 10th.
Visa’s (VS) Latin America Caribbean (LAC) region Gross Dollar Volume (GDV) rose year-on-year (Y/Y) 13.7%, on a local currency basis, in the fourth quarter (Q4/14). Growth in the region has been growing steadily in the second half of 2014, and will likely remain so through 2015.
Firefly Retail has hit the market, an Android-based solution that gives small and mid-size retail businesses access to the same industry tools and innovations as major U.S. retailers, and assumes the responsibility of other costly business solutions and outside vendor services.
Mumbai-based Money-On-Mobile reports 7.9 million users in September. Money-On-Mobile is a mobile payments service provider for Indian consumers.
The Bluetooth Connected Card Platform has picked up interest and funding. MI-based Stratos is the developer of the card which combines all plastic cards into a single, smart, and dynamic card.
Seamless has landed it largest merchant to-date for its SEQR mobile wallet. Colruyt Group will be offering SEQR in more than 500 physical stores as well its commerce sites.
Moneris partners with Ingenico to deploy PAYD PRO, Canada’s first mobile EMV, Chip and PIN and contactless payment solution. The anytime, anywhere payment solution is currently available on the Apple iOS platform and will be available on Android in fall of this year.
Datacard has been positioned by ABI Research as one of the top leaders in their 2014 competitive assessment for Government and Healthcare ID: Smart Card and Legacy Credentials .This vendor matrix represents ABI Research’s ranking of the leading smart card and legacy credential vendors active within the government, healthcare and citizen ID ecosystem. The vendors were assessed on implementation and innovation – including global reach, breadth of services offered, multi-application capabilities and support of market convergence, level of security, e-government services, among others.Datacard Group was ranked as a leader due to the high assessment rating it received for its extensive distribution channels and global reach, its market share of e-government ID implementations around the world, and continued commitment to offer innovative technologies to the government sector. To-date, Datacard Group is implemented in 18 of the 20 largest e-government programs and has over 400 government projects around the world. Additionally, roughly 165,000 passports, 10 million credentials, and 5 million smart cards are issued daily using the company’s solutions.
Visa Inc.and FIFA’s exclusive Financial Services partner for the 2014 FIFA World Cup Brazil, today shared its global FIFA World Cup activation program, which will enhance the sporting experience for millions of fans, clients and partners in 104 countries worldwide. Engaging film and print spots featuring Nobel Peace Laureates, alongside dynamic and interactive social engagement programs, and a seamless in-stadium payment technology experience, enables fans at the tournament, or anywhere in the world, to be part of the FIFA World Cup celebration.