USAT Nails Major Contract to Upgrade Vending Machines w/ePort Connect

USA Technologies has inked a deal with Ten M to upgrade 1,000 of the company’s vending machines to its ePort Connect cashless payment system, enabling the company to track the acceptance of cash, credit/debit cards, and contactless payments, including mobile wallet payments such as Android Pay and Apple Pay. With the ubiquity of the mobile phone,…

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NextGen Iris Scanning Technology is Nothing Short of Awesome

Delta ID’s latest version 3.0 of its ActiveIRIS technology is powering the iris scanner of Fujitsu’s latest smartphone, the arrows NX F-01J launched by NTT DOCOMO in Japan. The arrows NX F-01J is the third smartphone to include iris scanning technology, after a very successful introduction of this technology in the arrows NX F-04G and…

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Connected Vending Machines to Grow CAGR 17% to 24MM by 2021

Vending is quickly adapting to keep pace with evolving technologies, refurbishing used vending machines into digitized versions that include touchscreens, sensor technologies, and flexible payment methods. Coca-Cola, PepsiCo, and VE Global Vending look to expand distribution offerings and connect their machines to the Internet to increase operational efficiencies. The newly connected machines will allow operators…

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Verifone Ankles a Mastercard Exec to Head Up its Indonesian Operations

Verifone has ankled Irni Palar as the general manager of its domestic operations in Indonesia. Based in Jakarta occupying a newly opened office facility, Palar spearheads Verifone’s commitment to providing world-class payment technology and collaborating with banks and its partner community in Indonesia. Irni comes to Verifone from Mastercard where she was the Indonesia director…

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Chase YTD 2016 Merchant Processing Volume Explodes Beyond $1T

Chase crossed the $1 trillion mark in year-to-date merchant processing volume, a first in the firm’s history on December 11th at 11:06 p.m. eastern time. In 2014 the firm launched ChaseNet, a proprietary closed-loop network, and Chase Pay, the firm’s digital wallet, launched in November 2016. Merchant processing volume at the firm has grown annually…

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JCB Merchant Acquiring Comes to Singapore via CIMB Bank and Wirecard

CIMB Bank Singapore and Wirecard have inked a License Agreement to begin JCB merchant acquiring services in Singapore. Through the partnership, JCB card acceptance facilities will be available at CIMB merchants. Having established similar collaborations in Malaysia and Indonesia, this new License Agreement extends the collaboration into other parts of Southeast Asia and enhances cooperation…

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Automated Loyalty, Feedback & Marketing Solution Ready For Primetime in 2017

Silicon Valley Thanx, a loyalty specialist, has nailed $17.1M Series B financing. The financing led by Icon Ventures and Series A investor Sequoia Capital, with participation from Javelin Venture Partners.  Unique in the retail IT market, Thanx eliminates the technical burden of hardware or on-site integrations which have previously made it difficult for brick-and-mortar merchants to…

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YapStone Ankles a Former BAMS & Merchant eSolutions Exec as CRO

San Francisco-based YapStone has ankled Michael Gramz for its management team, as Chief Risk Officer. In his role, Gramz will focus on delivering innovative risk management products and services to support YapStone’s partners and customers. Prior to YapStone, Gramz was the Chief Risk Officer and Board Director at Merchant eSolutions, the U.S. processing division of…

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FIS and VC FinTech on the Prowl for More Financial Services Disruption

The Venture Center and FIS have teamed for the Global VC FinTech Accelerator Program. Applications are now being accepted through February 5, 2017, at 11:59 p.m. CST. Entrepreneurs who are poised to disrupt financial services should apply. In addition to working with early stage companies in core banking, payments, mobile, and fraud & security, VC…

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Member-Get-Member Referral Programs Gain Traction w/Financial Services

A new solution has emerged specifically designed for consumer financial services companies looking to quickly build an effective advocate marketing program to drive the opening of new accounts through existing customers. Extole has released its Financial Services Solution. Extole’s Financial Services Solution ensures these organizations’ member-get-member referral programs are designed for and address the unique…

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