China UnionPay ATMs topped the 600,000 milestone in 2014 and now growing 20.6% per year. CUP added nearly 100,000 ATMs last year. The construction of small outlets such as “community banks” and “financial convenience stores” in China will likely spur the demand for ATMs in 2015.Details
This year approximately 10% of the base of smartphones worldwide will be used to make an in-store payment at least once a month, compared to less than half a percent (led by early adopters in Japan) of about 450 million smartphones in mid-2014.Details
Chicago-based Arroweye Solutions has ankled Reiner Vanooteghem as vice president of market development for the financial services industry.
Arroweye is a single-source provider of innovative card marketing and production solutions for the financial service, prepaid and retail industries.
The new PayPal Credit, f/k/a Bill Me Later, is beefing up its credit service to give retailers the ability to decide on the number of months and interest rates best suited for their customers. Additionally, retailers will also be able to choose among interest-free credit options for the first time, for their online customers.Details
Omaha-based Prairie Cloudware nailed two funding rounds last year. The omnichannel digital payments services company also expanded its executive team as well as integral support and the beta availability of its Digital Payments Guardian.Details
Stage Stores has implemented with Chase Paymentech point-to-point encryption (P2PE) for nearly 900 stores in the U.S. The neighborhood retailer will conduct payment transactions on Ingenico Telium terminals using Chase’s Safetech encryption, powered by Ingenico Group’s On-Guard technology.Details