CardFlash News Briefs: PANGEA (D2D); PAYSWAG (Cloud); SEAMLESS (JYSK); and PERK (ZTE).
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.
SimplyTapp & Diebold are continuing to securely connect the digital and physical worlds of cash with a secure, white-label mobile wallet offering.
FL-based ZipLine, a provider of mobile and card-based merchant branded payment (ACH) solutions, recently gained industry accolades for its cutting-edge mobile payments technology. ZipLine’s ‘mPay’ mobile solutions platform is a low-cost payment program built on the existing architecture used for merchant branded debit cards.
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.
In today’s CardFlash News Que: LEVVEL (Harkey); CHECKALT (executives); INSIDE SECURE (SafeZone); and ESERVGLOBAL (app).
The recent introduction of Samsung Pay and Android Pay as well as India and soon to be announced Brazil mobile payments is having a profound impact on mobile payments forecasts. CardData now expects global m-commerce will soar from $390 billion this year to $1071 billion in 2020.
Equens has announced the first go-live of its new white-label PSP proposition for banks, acquirers and payment service providers (PSPs). This new proposition is part of the omnichannel solution Equens has brought onto the market.
Global mobile commerce is set to explode more than three fold over the next five years as U.S. NFC payments, consumer tablet adoption and smart wearables take hold. Forecaster RAM Research predicts global m-commerce will soar from $320 billion this year to $995 billion in 2020.
Global mobile commerce is set to explode by three fold over the next five years as U.S. NFC payments, consumer tablet adoption and smart wearables take hold. Forecaster RAM Research predicts global m-commerce will soar from $316 billion this year to $905 billion in 2019.
The days of reselling third-party payment gateway services or referring merchants to payment gateways are over. IL-based NMI announced the expansion of its payments enablement platform for the Value Added Reseller (VAR) and Independent Software Vendor (ISV) markets.
Mozido will introduce its products and solutions to China through PayEase. To facilitate the deal Mozido has acquired PayEase, previously owned in part by CapInfo Company.