In Europe, card payments remain among the most popular payment methods for e-commerce transactions. However with increased safety concerns and high merchant costs, across the continent a growing number of consumers are turning to alternative payment methods to complete their transactions.Details
While chatting online is cool, “click-to-call commerce” is so hot it will contribute more than $1 trillion in consumer purchases this year. Consumers who “click-to-call” directly from a mobile advertisement are four times more likely to purchase a product or service than a consumer who interacts with an online ad.Details
Dallas-based Avalon Solutions Group, the mother of myOmny and a technology company focused on the development of Software as a Service (SaaS) based solutions to support merchant payment processes for small businesses, announced today a $5 million funding deal.Details
Early stage delinquency (30+ days) edged down by 11 basis points (bps) sequentially down 10 bps year-on-year (YOY), on average, among the nation’s top six U.S. credit card issuers. Every one of the top six realized lower delinquency in the second quarter, compared to the prior quarter, according to CardData.Details
Driven by Visa’s electric performance in the second quarter with net income rising 24.8%, payment card profits for the top four networks rose 10.7% in the second quarter, compared to one-year ago. Visa, MasterCard, American Express and Discover reported a combined 2Q/15 profit of $4103 million, compared to $3705 million for 2Q/14.Details
Gzhou-based Alibaba reported second quarter GMV grew to US$109 billion, a year-on-year increase of US$28 billion or 34.6% year-on-year (YOY).
Mobile GMV reached US$60 billion, an increase of 125% year-over-year, and accounted for 55% of total GMV transacted in its China retail marketplaces.
Cubic Transportation Systems has been awarded the Tunnel Outstation Maintenance Services (TOMS) contract by Transport for London (TfL). The contract, delivering maintenance of critical Intelligent Transportation Systems (ITS) infrastructure within TfL’s 12 road tunnels and the associated 90 kilometers of road corridors, extends Cubic’s successful history in delivering this service for the next 10 years.Details
Moldova’s Moldindconbank has implemented OpenWay’s have WAY4 Cash By Code technology. The new ATM service allows bank customers to use an ATM to transfer funds from their card accounts to another individual who needs no card to receive the transferred cash at another ATM.Details