Monitise Raises £49.2 Mn from Telefonica, Santander and MasterCard

Monitise recently announced the expansion of its commercial relationships with the Santander Group, the Telefónica Group and MasterCard Inc. This would support the development and accelerated rollout of its global platform capabilities. Alongside this, IBM has agreed to deploy its cognitive computing engine, Watson, in support of Monitise’s new technology...

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UnionPay opts for GlobalCollect as Global Acquirer for its Network

GlobalCollect, an Ingenico Group company, and UnionPay International, a subsidiary of the fast growing global payment network China UnionPay, today unveiled a worldwide partnership that sees GlobalCollect become a worldwide acquirer for the UnionPay network. UnionPay is the number one international card brand in the world measured by the number...

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This Black Friday might be the Biggest for Mobile Commerce

The value of commerce transactions conducted in U.S. via mobile handsets/tablets will exceed US $120 Billion by 2017 with 150 Million users according to a recent report on Mobile Commerce. Primary drivers for US mobile commerce growth are growing smart phone penetration, growing tablet ownership, increase in mobile internet penetration,...

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The First Blow to Same Day Delivery, eBay Now

Ebay Now is the same day local delivery service from the e-commerce giant. It seems eBay wishes to frame some new strategy to handle the high costs associated with running such a delivery service. The iOS mobile app for eBay Now was recently pulled from the App Store. The app...

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7 Bitcoin Companies, their Updates & Common Trends

Bitcoin is one of the most talked about subjects in the payments industry today. Braintree’s Bill Ready said recently that it will impact mainstream payments and is no more an interesting computer science experiment. Folks at Braintree’s parent Paypal think the same. The VC group, especially in the valley, is...

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