CEMEA PDV

Visa’s CEMEA region, dominated by prepaid payment cards, jumped 27% in the second quarter driven by cash advance volume. Visa has an estimated 307 million cards-in-force (CIF) currently in the CEMEA region, compared to 289 million in Q2/13. The total number of accounts rose to an estimated 306 million in Q2/14, compared to 291 million for Q2/13.

Details

PayByPhone ports parking app to Amazon Fire

PayByPhone announced its mobile parking payment app is available in the Amazon Appstore for Amazon’s new Fire phone, as well as Kindle Fire devices. PayByPhone’s parking meter stickers feature a passive electronic chip that stores information such as the meter number. Users simply wave or tap their NFC-enabled phones over the sticker on the meter to automatically launch the PayByPhone app. The mobile payment system recognizes the user and identifies the exact parking location. The PayByPhone app is the simple, secure, and convenient way to pay for your parking in cities such as Seattle, San Francisco, Miami, Vancouver, London, Paris and more. PayByPhone allows drivers to charge their parking to a credit card, eliminating the need for cash at the parking meter. Features such as text message reminders before time expires, and adding more parking time from the app (within the allowable restrictions) greatly reduce the chance of a parking violation.

Details

Bill Me Later Rebranded PayPal Credit

Bill Me Later Is Now PayPal Credit, PayPal Working Capital Exceeds $150 Million and Both are Going Global – Gary Marino, SVP, Global Financial Services & North America. Since the pilot program launched last September, more than 20,000 businesses have collectively borrowed more than $150 million in PayPal Working Capital business loans through our lending partner, WebBank. The program is also expanding to the UK and Australia to fuel business growth. Businesses in these countries will have access to capital in minutes once they apply and are approved through a simple online interface. PayPal Working Capital allows these businesses to repay with a share of their sales they choose, and don’t repay on days they don’t have sales. Because the program uses a business’s sales history, there iis no credit check or extensive documentation required. The loan charges a single, affordable fixed fee instead of periodic interest so businesses know the cost of the loan up front. It’s that simple.

Evolving Credit Landscape

Offering these products more broadly is a sign of the power that credit brings to both merchants and consumers. Merchants can leverage credit as a tool to secure capital and grow their businesses. Additionally, they can offer credit with flexible payments options for their customers and immediate sales, while consumers experience freedom of choice when buying what they want – when they want it. We recognize this value isn’t limited to our US customers, so we are going global.

Details

WorldRemit introduces Thai Baht remittances

WorldRemit is introducing the ability to send money to Thailand. The upgrade to WorldRemit’s Thai service enables workers living overseas to send money back home without the need for an additional foreign exchange transaction at the receiving bank.International remittances are an important contributor to the economy of Thailand, with an estimated US $5.5 billion being received in 2013, according to the World Bank. The amount of money received from overseas by people in Thailand has seen an average increase of 25% per year, compared to an annual increase of just 5% between 2004 and 2008.

Details

PayPal Partners for Increased Presence

PayPal now lets users order ahead and pay for goods and services at 1500 brick and mortar locations through its latest partnership with Rabobank-backed MyOrder MyOrder. The integration with PayPal enables users to order and pay for food or drinks ahead of arriving at a cafe; to pay at the table in a restaurant without calling over the waiter, or pay for parking without searching for the closest meter. The online payments outfit has been steadily expanding its business to the high street and through the mobile device. Last year, of the $180 billion of payments processed by PayPal, $27 billion were made from a smartphone or tablet, up 99% on the previous year. Alongside apps for iOS and Android devices, PayPal last week added support for Amazon’s new Fire phone, available for download from the Amazon app store.

Details

Heartland Acquiring TouchNet

Heartland Payment Systems announced today that it has entered into an agreement to acquire TouchNet Information Systems, Inc., an integrated commerce solutions provider to higher-education institutions. TouchNet adds over 600 higher education clients serving over six million students – nearly one-third of the higher-education enrollment in the United States – to Heartland’s Campus Solutions business. Heartland Payment Systems, Inc., the fifth largest payments processor in the United States, delivers credit/debit/prepaid card processing, mobile commerce, e-commerce, marketing solutions, security technology, payroll solutions, and related business solutions and services to more than 275,000 business and educational locations nationwide.

Details

Payscout Reducing Fraud

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] In today’s age of increased use of credit cards for global eCommerce transactions, merchants are choosing to expand their accepted methods of payment not only in domestic regions, but abroad, as well. Merchants wanting to sell internationally are subject to high levels of fraud, high fees and misguided information, but this…

Details