[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] PA-based small-ticket, self-serve specialist, USA Technologies (USAT), posted fourth calendar quarter (4Q/15) total revenue of $18.5 million, a year-over-year (YOY) increase of 44.5%. Net income sunk to a net loss of $874,000 in 4Q/15. At the end of the fourth quarter USAT had 369,000 connections, up 28% YOY. In 3Q/15 USAT reported…
Details
San Francisco-based Blesh will fully support Google’s Eddystone Ephemeral Identifiers (EID), the new privacy/security Eddystone beacon frame type. Eddystone-EID begins the next chapter in the Eddystone beacon standard announced in July 2015 as an open, scalable Bluetooth low energy (BLE) beacon format. Signals broadcast by these Eddystone-EID beacons rotate and change frequently, allowing only authorized…
Details
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Cash transactions (CTX) for Visa and MasterCard U.S. credit and debit cards in the U.S. grew by 2.0% year-on-year (YOY) in the fourth quarter (4Q/15). U.S. 4Q/15 credit card cash transactions were up 8.3% YOY, while U.S. debit card CTX increased 1.9%. Visa’s 4Q/15 CTX for U.S. credit cards was up…
Details
The global market for handheld self-scanning/shopping solutions (hardware, software, and services) is expected to grow at a CAGR of 10% to $92M by 2020. According to a new report from VDC Research handheld self-scanning/shopping solutions are dedicated handheld barcode scanners with integrated screens and mobile self-scanning applications for consumer smartphones that are used for consumer…
Details
MasterCard has ankled Khalid Elgibaly as Division President for Middle East and North Africa (MENA), effective May 8th. Most recently, he worked for HSBC Middle East (HBME), where he was the Regional Head of Retail Banking & Wealth Management for MENA. Khalid also worked with Standard Chartered Bank (SCB), Barclays and Citigroup, where he held…
Details
In Other News: CUBIC (Sydney); CHARGENT (linked2pay); RAPIDVALUE (Zervant); and BKASH (Bangladesh). CUBIC – Cubic Transportation Systems (CTS) reports a customer open payments trial will begin in Sydney, Australia in 2017, enabling Sydney to have London-style open payments ticketing technology. The trial would be a first for the southern hemisphere, providing a valuable test case…
Details
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] International payment cards-in-force (CIF) for Visa and MasterCard increased 7.1% year-on-year (YOY) in the fourth quarter (4Q/15). International debit card CIF rose 9.1% YOY, while international credit card CIF increased 4.2% YOY. MasterCard’s international debit card CIF YOY is growing more than seven times Visa’s international debit CIF. International payment card…
Details
In Other News: YOOBIC (award); BLUEPOINT (Surety); MOOVEL (merger); and THREATMETRIX (release). YOOBIC – The Accenture Consumer Innovation Awards has selected US-based Yoobic’s mobile solution that helps brands and retailers monitor in-store execution by enabling data to flow instantly between point of sales and headquarters, giving the retailer feedback and control over in-store activities. The solution…
Details[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] GA-based acquirer TSYS reported a solid fourth quarter (4Q/15) as total revenues hit $719 million, a jump of 13.2% year-on-year (YOY). Net income increased 3.6% YOY from $79.9 million in 4Q/14 to $82.8 million in 4Q/15. Revenues for the North America Services segment increased 17.1% YOY to $350 million for 4Q/15,…
Details
The mobile peer-to-peer (P2P) payment application PayMeTap has completed beta and is ready for prime time in Canada. This free application allows users to securely accept a payment by simply tapping your phone with a credit card. Available for Android in the Google Play Store, PayMeTap is enabling people to quickly and easily pay back…
Details
The king of integrated cashless and mobile transactions in the U.S. self-service retail market has launched its most progressive solution to date. USA Technologies unveiled ePort Interactive, one of the industry’s most advanced cloud-based interactive media and content delivery management systems, enabling delivery of nutritional information, remote refunds, loyalty programs, and robust, multimedia-marketing campaigns for…
Details
Restaurant, QSR and food court owners are blessed with a new suite of mobile apps from India’s RanceLab. The new FusionMobi includes Mobile-POS and E-menu, which allow the guests to view the menu choices with pictures and descriptions enabling them to select and order dishes with confidence. It also saves the hassles of reprinting the…
Details