PayRange Taps Into the Most Advanced Vending Machine Market in the World

OR-based PayRange has inked a deal with Sumitomo Mitsui Card Company (SMCC), a major merchant acquirer in Japan to expand the PayRange mobile payment solution to millions of Japanese vending machines. While Japan has among the most advanced vending machine markets in the world almost none of the vending machines take credit or debit cards.…

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Online Consumer Payments to Capture 20% of Market; Americans Wary of Cybersecurity

Online commerce payments are growing sharply in developed countries, but in North America there is angst among consumers with cybersecurity. China overtook the US as the world’s largest online commerce market two years ago, with Chinese consumers spending a total of $699 billion online in 2015. About 20% of the total value of online commerce…

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Zuora to Electrify the Subscription Economy in Frisco with Subscribed

Zuora’s first annual User Summit begins with advanced training by role – Billing & Payment Ops, Finance Ops, Zuora Admins, IT/Developers, Pricing and Growth Managers. Zuora has been enabling the subscription economy by building the next generation commerce platform. Zuora’s subscription management software has enabled 21st century businesses around the world from startups to enterprises…

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Cryptocurrency + Bank + Visa with Complete Anonymity? – Probably All Hat No Cattle

The creators of the digital currency known as DIBCOIN, reportedly have inked a billion-dollar liquidity partnership with Digitas Bank enabling present and future DIBCOIN holders the ability to deposit and withdraw DIBCOIN and FIAT currency in a single transaction and with complete financial privacy. On top of this customers can use an anonymous VISA debit…

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Tech & Jazz & Startups to Have a Collision in The Big Easy

America’s fastest growing tech conference, with more than 20,000 attendees, and millions of business ideas including fintech is slated for early May in New Orleans. Collision attendees include 3,000 CEOs and other senior executives. About 4,500 companies will be represented from 110 countries. It is an ultimate event, and best of all, it is sandwiched…

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Wells Fargo Credit Card Portfolio Bad Sales Practices Impact Continues in Q1

Wells Fargo continues to reel from the bank’s fraudulent sales practices exposed last year, as new credit card account acquisitions fell more than 46% year-on-year (YOY) in the first quarter (1Q/17). Consumer credit card portfolio metrics remained soft with single digit YOY gains, and there was a noticeable uptick in charge-offs, according to CardData. The…

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Telcos & Banks Ride-the-Unbanked-Wave of Brazil, Columbia and Mexico

Globally mobile payments and money transfers peer-to-peer (P2P) are soaring, but in Latin America (LAC) it is skyrocketing, driven by large populations on unbanked consumers. Projected CAGR is way north of 50%. The LAC mobile money and payment services market is set to increase deployments for the unbanked population, which largely relies on cash and…

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Bitcoin Decentralized Cryptocurrency Transformational for Payments Market

Wildly successful in early development, bitcoin has hit some rough patches in China and Europe, and a cold shoulder in the North American banking world. However, mainstream acceptance is plowing forward albeit at single-digit annual growth rates. The global bitcoin technology market is projected to grow at a CAGR of 7.26% through 2020. The recovering…

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EMV Terminals & Cards Drives Fraudsters to e-Commerce Big Time

Delaware, Oregon, and Florida were the top-ranked states for billing and shipping e-commerce fraud in 2016. Both Oregon and Delaware saw an increase in e-commerce billing fraud attacks of over 200%. Three states, Florida, California and New York, accounted for more than 70% of total e-commerce billing fraud attacks. Experian’s “2016 E-commerce Fraud Attack Rates…

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Analytics Dashboard for ISOs, ISVs and VARs Offers Real-Time Max Detailed Data

With merchants having more choices than ever, payments professionals and resellers need to understand the ins and outs of their merchants’ payments activity to know best what upgrades and upsells to offer. Companies are demanding more data around their operations in nearly every aspect of their business, and payments is no exception. As the payments…

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Costco Card Drives Citi PDV Higher and Profits Lower in Q1

Citibank North America branded credit card purchase dollar volume (PDV) continued to soar in the first quarter (1Q/17), however net income dropped sharply, both driven by the 2016 Costco acquisition, according to CardData. North America Citi-branded card revenue increased 12.7% YOY to $2096 million for 1Q/17, compared to $2213 million in the prior quarter and $1860…

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