Breaking News Mentions in Today’s CardFlash February 18, 2016

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Breaking News: MODOR (digital commerce); ADS (stock); CSC (digital banking); and WiseSec (ATMs). MODOR – Modor Intelligence says the Global Digital Commerce Software Market is estimated to be worth $4 billion in 2015 and is projected to reach to $8.68 billion by 2020 at a CAGR of 16.73%. North America is…

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TransferTo & Vodafone Buddy for M-Pesa Mobile Money

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] TransferTo has partnered under a framework agreement with Vodafone Group to enable real-time international money transfers to M-Pesa Mobile Money accounts worldwide. Powered by TransferTo’s cross-border Mobile Money network, the global partnership will make it faster and easier for consumers and organizations to send money to multiple M-Pesa accounts, in real…

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Cross-Border Payments in 2016 to Surge

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] There are more people transacting across borders in larger sums than ever before. This group does not feel bound by borders in terms of lifestyle, access or travel. According to Flywire, they are spending increasing amounts on goods and services outside their home countries, resulting in dramatic growth in cross-border payments…

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Omnichannel and Branch Banking: Making It Personal

Omnichannel and Branch Banking: Making It Personal

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] About 75% of U.S. adults own smartphones or tablets, and 70% of them would be interested in their financial institution providing more personalized service to them on their mobile device when they enter a branch of their bank or credit union or use an ATM if they grant permission. Mercator Advisory…

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Canada’s Peoples Trust Explodes in Prepaid Cards

Canada’s Peoples Trust Explodes in Prepaid Cards

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Peoples Trust, a major prepaid card issuer in Canada, announced significant growth in 2015 with the addition of 150 new programs, and a nearly 19% increase in dollar volume from 2014. Canada is one of the fastest growing prepaid markets and has emerged as a lead market for global fintech expansion…

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Credit Cardholders are Intensely Loyal to Go-To Card

Credit Cardholders are Intensely Loyal to Go-To Card

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] About 25 million credit cardholders haven’t changed their go-to credit card in at least 10 years and another 20 million have never changed it. According to a new CreditCards.com report senior citizens are the most loyal: 31% have been using the same card most often for at least a decade and…

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Global Market for Card Printers to Hit $72B by 2019

Integrated Cards to Drive the Demand for Card Printers

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The global card printers market is expected to surpass US$72 billion in revenue by 2019. The latest research report released by Technavio anticipates, the growing use of cards for various purposes such as swapping, at point of sale (POS) terminals, kiosks, and other points to augment the concept of all-in-one cards…

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Vantiv Integrated Payments Rolls-Out Security Pays 2

Vantiv Integrated Payments Rolls-Out Security Pays 2

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Vantiv Integrated Payments released the next phase of the Security Pays initiative. This initiative promotes education and awareness, driving the adoption of security products to add layers of protection to the payments process, such as end-to-end encryption, tokenization and EMV. Security Pays 2015, announced in August of last year, included more…

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U.S. Bank Commercial Payments Manager

U.S. Bank Commercial Payments Manager

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. Bank is expanding its commercial payment suite with the U.S. Bank Commercial Payments Manager (CPM), a new automated solution ideal for mid-sized organizations and those seeking market-leading “virtual card” payment capabilities. Studies calculate the cost of manual expense processing to be about three times that of automation. CPM offers an…

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Slim Number of Retailers are EMV Ready

Slim Number of Retailers are EMV Ready

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Only 22% of retailers currently support EMV transactions, but another 53% of retailers plan to implement this capability within 12 months. According to a new special report from Boston Retail Partners (BRP), the threat posed by data security breaches continues to consume retailers’ resources 38% of retailers indicate that payment/data security…

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Jo-Jo Stores Spike in Sales By Alipay and WeChat Mobile Payment

Jo-Jo Stores Spike in Sales By Alipay and WeChat Mobile Payment

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] China Jo-Jo Drugstores, Inc. (NASDAQ CM: CJJD) (the “Company” or “China Jo-Jo”), a leading China-based pharmacy with retail, wholesale and online distribution of pharmaceutical and health care products, today announced sequential Q3 Alipay mobile transactions grew 84% while sequential traditional payment transactions such as City Health Insurance payment transactions grew 27%…

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Breaking News Mentions in Today’s CardFlash February 17, 2016

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Breaking News: STRAWHECKER (EMV); CURVE (m-Pay); PLDT (PayMaya); and XOOM (Bill Pay). STRAWHECKER – The Strawhecker Group, a management consulting company focused on the global payments industry, released survey results that estimate 37 percent of U.S. merchant locations are EMV-ready four months after the October 1st, 2015 liability shift. TSG’s previous…

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