Payment card use grows worldwide

The number of card payments worldwide increased 14 percent in 2016, to 310 billion, though card numbers grew at a significantly slower rate of 8 percent. This indicates that consumers worldwide are increasingly choosing cards to make purchases, according to...

Go-Jek takes big step into mobile payments with fintech acquisitions

An Indonesia-based motorcycle taxi ordering company is taking an unusual step to get into mobile payments next year with the purchase of three fintech firms in the country, according to various local reports. Go-Jek wants to give consumers the ability...

Report: Credit card rewards, online transfers thrive in Canada

While social media payments have yet to hit the mainstream in Canada, a new trade association report believes the increased collaboration between new-entrant fintechs and Canadian financial institutions suggests a new level of convenience for banking and payments is on...

Sweden's iZettle raises $47M to expand mPOS business

Sweden-based mobile point-of-sale company iZettle has raised some $47 million in new funding as the firm ponders a future IPO. The round is led by early backer venture capital firm Dawn and The Fourth Swedish National Pension Fund and is...

Portland transit agency teams with Google for Android Pay virtual fare pass

TriMet, which provides bus, light rail and commuter rail transit services in the Portland, Oregon metro area, is working with Google for what the companies are calling an industry first: a virtual transit card available in Android Pay. TriMet's partnership...

7-Eleven tests mobile ordering for delivery or in-store pickup

7-Eleven is testing on-demand ordering for delivery or in-store pickup at select Dallas stores with its new 7-ElevenNOW smartphone app, according to a press release. Currently being tested in 10 downtown and uptown 7-Eleven stores in Dallas, 7-ElevenNOW is expected to roll out to other U.S. locations in 2018.

London's Judopay reaches deal with Visa for in-app payments

London-based Judopay, an m-commerce payments platform, is partnering with Visa to use the CyberSource payment management product to offer consumers a better digital payment experience and greater choice in how they pay in mobile: via payment cards, card-on-file, wallets and...

Chicago Transit Authority eliminates prepaid debit account from transit cards

The Chicago Transit Authority is eliminating the prepaid debit account function on its Ventra transit cards and will instead transition riders to a closed-loop card, according to a press release. The CTA said it will ditch the prepaid debit account,...

Chase Pay acceptance coming to Kroger in 2018

The Kroger Co. is teaming up with Chase Pay—the digital wallet from JPMorgan Chase & Co.— to offer mobile payments starting with select retail markets and e-commerce programs in 2018, according to a press release. Through the partnership, Chase's 65...

Submit your entry for the annual Mobile Retail App Comparison Guide

Mobile Payments Today is preparing its second annual Mobile Retail App Comparison Guide. This guide will be the definitive resource for retailers' mobile apps and their capabilities. The point of this report is similar to that of our annual Mobile...

China UnionPay, banks unite over new mobile payment app

China UnionPay this week partnered with over 30 commercial banks and payment institutions to launch Mobile QuickPass, which the network calls the unified app for China's banking industry, according to a press release. The network said that by integrating mobile...

Amex latest card network to nix signatures for authentication

American Express is the latest card network to eliminate the requirement for merchants to collect signatures for all purchase transactions at the point of sale beginning in April 2018, according to a press release. Discover last week announced it will...

Samsung Pay expands to mobile banking in South Korea

Samsung plans to make Samsung Pay more versatile in South Korea with a feature that will let users initiate funds transfers at two banks, according to local reports. Customers from Shinhan and Woori banks soon will have the ability to...

Austria grants Dimoco payments license

The Austrian Financial Market Authority has granted a license under the Payment Service Act to Dimoco Payment Services. The awarded license allows Dimoco Payment Services to contribute to the payment value chain, offering merchants a single technical interface and a...

Superfoods cafe Vitality Bowls serves up mobile loyalty app

Vitality Bowls has debuted a mobile app to help build engagement and loyalty among customers, according to a company press release. The app, developed by Punchh, is a cloud-based technology platform that offers users one loyalty point for each dollar...

Fifth Third chooses FIS for real-time payments

FIS has announced that Fifth Third Bank has selected the processor to enable real-time payments for its customers through The Clearing House's RTP, a real-time payments system, according to a press release. The bank is expected to go live with...

Garmin Pay welcomes Visa cardholders

Garmin International and Fit Pay announced that the Garmin Pay contactless payment feature is now available for eligible Visa credit, debit and prepaid accounts from many of the network's major participating issuing banks, according to a press release. The new...

New Jersey FI works with MasterCard on Cash Pick-Up service

Cross River Bank, a New Jersey-based financial institution, has launched MasterCard Cash Pick-Up. Cash Pick-Up enables banks and their disburser partners to deliver ATM cash to any vetted consumer — banked or unbanked — without the use of a card....

WorldRemit raises $40M to expand digital money transfer services

Digital money transfer service WorldRemit has raised $40 million to drive its next phase of growth, supporting its plan to serve 10 million customers connected to emerging markets by 2020, according to a press release. The Series C funding round...

MasterCard helps Nairobi merchants with SMS-based micro-loans

MasterCard has unveiled a new platform called Kionect, a digital ordering system that enables small kiosk owners in Nairobi to order and pay for products from wholesalers via SMS, according to a press release. Orders submitted via a feature phone...

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3 trends for 2018: Safer data, faster payments, better experiences