Dwolla remittance announces new experience similar to direct deposit. With a paperless, safe way to route payments directly to a recipient’s bank account, Dwolla no longer requires recipients to register for a full Dwolla account and all future payments made to their email address will be routed directly to their bank account in as little as one to two business days. Dwolla Direct users can get access to additional features”like the ability to send or request money”at any time by converting to a free full Dwolla account. The sender can send payments to emails: No need to collect, and then protect, sensitive bank account information to send a payment. Set it and forget it: Once your recipient’s email is connected to a bank account, future payments to the email address will notify the recipient and automatically route the funds to their bank or credit union account.Details
Charge-offs among the nation’s top six credit card issuers will likely drop to 2.33% in the fourth quarter, but will likely inch up in the first quarter as delinquency ramps up. The fourth and first quarter are somewhat skewed due to the seasonality denominator.Details
Lebanese payments cards are growing at a compound annual growth rate (CAGR) of 3.41% since 2009 and now total more than 1.8 million. In terms of transaction value, payment cards valued LBP15.5 trillion (US$10.3 billion) in 2013, running at a CAGR of 12.07%.Details
NY-based PayItSimple in collaboration with Spreedly have completed integration with an additional 30 payment gateways to provide PayItSimple service to US-based merchants. With the addition of these gateways, PayItSimple is now integrated with approximately 70% of all payment gateways in the U.S.Details
San Diego-based PayLease has unveiled several mobile solutions that will enable residents to pay rent or HOA dues using a smartphone.
Residents of communities who use PayLease can now download a free iPhone or Android app to pay their rent with a mobile device.
Men’s fashion brand 2(X)IST via “Virtual Stores” has partnered with innovative mobile platform PowaTag to transform the way people shop.
Millions of passersby in December will be able to browse and purchase the latest 2(X)IST underwear ranges by using their phone to scan tags on virtual storefronts across key locations in the heart of the city making ordinary street corners a virtual marketplace for 2(X)IST.
American Express is going toe-to-toe with Visa after announcing the opening of a new technology hub in Palo Alto, expanding its presence in Silicon Valley. The new team being assembled will focus on innovations in big data, cloud computing and mobile infrastructure.Details
BlueSnap is now offering new Coupon and Bank Transfer APIs that will help merchants increase sales and convert shoppers this holiday season. The Coupon API allows merchants to manage their own coupon library while the Bank Transfer API will allow shoppers to pay for online goods by transferring funds directly from their bank accountsDetails
Nets announced its latest partnership with Skandia Bank to oversee its issuing services for its payment cards. For Skandia’s bank this means becoming part of a larger IT infrastructure and therefore avoiding having to develop and maintain complicated IT systems themselves. For Nets, this contract is another important step into the Swedish banking market. All services provided are core Card services which Nets already supplies to a large number of banks in Norway, Finland, Denmark and the Baltic countries.Details