At any industry event such as Money2020, companies try and roll out new offerings—even if what they have to say isn’t that new or interesting. But in reviewing the self-perpetuating avalanche of accolades, found a few interesting tidbits with that Monday dateline:
- New stats from eMarketer: In 2015, mobile payments will total $8.71 billion in the US, with users spending an average of nearly $376 annually using their mobile phone as a payment method. By 2016, total mobile payment transactions will reach $27.05 billion, with users spending an average of $721.47 annually. Total mobile payment sales will rise faster than average spending per user in 2016 because of the growth in the number of overall users of the technology.
- Mozido confirmed a gateway platform that is optimized for trade between the U.S. and China. Less significantly, the company also announced the availability of it HCE product.
- Sequent Software argued that it’s Token Service Platform offering is the first “to support all types of cards including credit, debit, prepaid and access control credentials.”
- Giact introduced gMobile, a package that leverages data-sharing from carriers Sprint, AT&T, Verizon and T-Mobile to authenticate mobile devices with a ping-back, trying to verify that the phone isn’t jailbroken. “Verizon has been very reluctant to do this” and this is supposedly the first time that T-Mobile has cooperated, according to Giact CTO Merlin Bise.
- The Clearing House has entered into a realtime-payment letter of intent with UK payment systems vendor VocaLink.
- CheckAlt LoanPay, CareCredit and Ingo Money used the Las Vegas show to roll out new versions of their mobile apps. Ingo’s was done jointly with First Century Bank.
- Dream Payments launched what it said was Canada’s first off-the-shelf EMV payment terminal that accepts Interac debit card payments.
- Nok Nok Labs introduced an updated version of its S3 Authentication Suite, which the vendor claims “is the first unified platform enabling organizations to use standards-based authentication that supports existing and emerging methods of biometric authentication.”
- CashStar, a prepaid vendor, announced a few minor enhancements to its core package, including private label credit card support, regifting, and on-demand activation.