cadooz GmbH, a provider of vouchers, rewards and incentives, announced a deal to distribute gift cards and voucher codes for Spotify, the digital music streaming service, to business customers in 25 European countries.
Swedish mPOS provider iZettle has added €5 million (US$6.8 million) to its coffers, after the latest investment in the company’s Series C round of funding.
First Data is going all in to the booming gambling and casino industry with a suite of payment features to streamline the flow of money for U.S.-based online and offline gambling operations from casinos to racetracks, lotteries and poker.
Gift cards are popular with U.S. consumers, but there’s still room for growth, as many consumers are uninformed about or uncomfortable with mobile gift cards and e-codes, according to research by the Retail Gift Card Association (RGCA), a trade association of closed-loop gift card retailers.
i2c Inc. has opened a Singapore office to address the growing market for prepaid products and mobile financial services in the Asia Pacific region.
David Sear, the former chief executive of the Weve mobile network e-commerce joint venture, has been appointed as group chief commercial officer at Skrill Group.
Allied Payment Network, a Fort Wayne, Ind.-based provider of online bill payment services to the financial industry, announced that Joe Bellavance has joined the company as its vice president of credit union services.
Mobey Forum, the international bank-led trade association devoted to advancing mobile payments, announced that Jordi Guaus, head of mobile payments at CaixaBank, has been elected to serve as chairman of the board.
Paybefore Award-winning processor and program manager StoreFinancial has announced that the Dell Advantage ePromotional card was awarded for “Best Prepaid & Payments Innovation” at the Third Annual PX Prepaid & Payments Awards.
Skrill Group has appointed David Clarke chief financial officer.
Visa Europe has appointed Greg Sheppard head of prepaid, and Peter Bayley, executive director, risk management, has been named to the global board of directors for the Merchant Risk Council, a global forum for e-commerce fraud and payments professionals.
Analyst firm Juniper Research reckons more people will be using mobile apps for banking than web-based options by 2019, as the 800 million people who used their phones for banking more than doubles to 1.75 billion in five years.
PayPal is slashing the time needed for businesses to receive PayPal funds in their bank accounts.
Isis, the NFC-based mobile payment initiative backed by AT&T Mobility, Verizon Wireless and T-Mobile, announced it will rebrand its mobile wallet to distance the company from the Islamic State of Iraq and Syria, a jihadist militant group that often goes by the acronym ISIS.
Calling it a transition year, U.K.-based Monitise announced today its full year revenue for 2014 will fall short of expected growth because of a change to its business model.
Banks are continuing to spend money on branches, but they are dramatically changing their role to become centres for sale-oriented advice rather than service-oriented transactions, driven by the rapid growth of digital banking.
The IRS has announced new procedures, effective January 2015, limiting the number of tax refunds electronically deposited into a financial account or prepaid card account to three, in an effort to combat fraud and identity theft.
A Brazilian fraud ring has absconded with US$3.75 billion in two years using malware to penetrate Boleto payments from individual consumers and companies, and redirecting those payments to fraudulent accounts, according to a report by security solutions provider RSA Research Group.
The European Banking Authority is urging EU financial institutions to avoid buying, holding or selling digital currencies, like Bitcoin, until regulations for the decentralized currencies are in place.
Visa and MasterCard may be able to dodge paying massive security deposits to continue operating in Russia, under new legislation that took effect July 1.
Payza announced this week that its online payment processing and eWallet services now are available to U.S. residents and businesses.
Paybefore Award-winning online voucher provider paysafecard.com Wertkarten AG has expanded this week into Peru and Uruguay, two Latin American countries the company says are ripe for prepaid online payments growth.
One in four consumers worldwide has been a victim of card fraud in the last five years, and consumer confidence is wavering, according to a new global fraud study from ACI Worldwide and Aite Group.
Cole Taylor Bank has been ordered to pay more than $4.1 million by the Illinois Department of Financial and Professional Regulation (IDFPR) and the Fed for failing to properly monitor the activities of its third-party “agent” Higher One Inc.
The notion that millennials wouldn’t be caught dead in a bank branch might have been greatly exaggerated.
With new laws in Italy requiring all merchants and businesses to accept debit card payments on purchases over €30 (US$41), Telecom Italia is equipping its small-business customers with m-POS readers from payleven.
Moven, a mobile-focused financial services provider, announced today it has raised $8 million in Series A funding.
Financial app development pioneer Yodlee Inc. is ready to go public, 15 years after it launched amid the dotcom boom.
Australian broker Macquarie Futures has begun using a cloud-based reconciliation service from Gresham Computing and Amazon Web Services, which the broker says will help it to make its North American derivatives business more efficient.
By Marilyn Bochicchio, CEO Brad Hanson, president of MetaBank and its payments division Meta Payment Systems, has a vision. It’s bringing financial inclusion and dignity to those who don’t have access to traditional banking systems. And, he doesn’t care if you’re skeptical about a $1.9 billion asset bank from Storm Lake, Iowa, driving this initiative or […]
Just months after landing a mobile app partnership with McDonald’s in Sweden, Stockholm-based developer Seamless has reached a deal with U.S.-based technology company and prepaid distributor InComm.
PayPal’s bid for payments ubiquity continues. The company has unveiled a pair of initiatives that incorporate wearable and biometric technology, launching a new app for the Android Wear line of smartwatches and expanding its fingerprint authentication to the Samsung Galaxy tablet.
Getting mobile payments services to market quickly is one of the calling cards for host card emulation (HCE) technology, and Spanish financial services group BBVA is claiming to be the first major global bank to commercially launch an HCE-based mobile contactless payments service.
Customers of Bancomer Transfer Services Inc. will have more than a thousand additional locations in Mexico to collect cash remittances.
French trading solutions and connectivity specialist Ullink has agreed to acquire NYFIX and Metabit from ICE Group, as part of a deal the international company says will give it brand recognition in the US and new opportunities in Asia.
The Supreme Court ruled today to throw out President Obama’s recess appointments to the National Labor Relations Board (NLRB) as unconstitutional. CFPB Director Richard Cordray was appointed the same day but has since been confirmed by the Senate, suggesting the ruling will have little or no effect on the CFPB.
Debit card growth continued in 2013, with consumers and businesses increasingly shifting toward electronic payments.
A convenience that’s been catching on in the U.S.—depositing a check by taking a picture of it with a smartphone—is coming to the U.K., according to reports.
Rule Financial, the London-based investment banking consultancy, has been acquired by GFT Technologies, adding some €42 million to the German technology firm’s turnover for the second half of this year.
CARD.com, a mobile-focused financial product provider, has expanded its team with the additions of Linda Castillon as senior vice president of licensing, and Heather Inocencio as senior vice president of product.
