Corporate Travel Policies Embrace Uber and Lyft — Driving Up Revenues 21%

A new report reveals ride-sharing services are now allowed by one-half of all corporate travel policies, a jump from 44% in June 2016. As policies expanded to include ride-sharing suppliers, such as Uber and Lyft, ridership among business travelers increased 21%. A majority of travelers anticipate using these types of services about the same amount…

All-In-One Wedding Registry Platform w/Credit Cards Introduced

Seattle-based Blueprint Registry announced its credit card processing fee is approximately 5% less than their competitors, at 2.5%. In addition, Blueprint Registry also announced the launch of two new features that allow users to aggregate existing registries into one account: one-time import and automatic import. The one-time import feature allows customers who have previously created one…

Payment Solutions for the Cannabis Industry Ready to Explode

Regulated cannabis sales in North America totaled $6.9 billion in 2016, a 30% increase from the previous year, and sales are projected to grow to $21.6 billion by the year 2021, which represents a 26% compound annual growth rate. Voters in four states – California, Massachusetts, Nevada and Maine, voted legalize recreational Cannabis this November.…

Green Dot Swallows the RushCard Prepaid Products for $150MM+

Prepaid card king Green Dot has inked a deal o acquire UniRush. The Company’s operating businesses include the RushCard, an online direct-to-consumer general purpose reloadable prepaid card provider, and Rapid! PayCard, a corporate payroll card provider. The acquisition, which maps to “Step Five” of Green Dot’s “Six Step Plan” to enhance shareholder value, materially expands…

Loyalty One CN-Driven Redemptions Kill Alliance Data Systems Q4 Profits

Dallas-based Alliance Data Systems (ADS) reported fourth quarter (4Q/16) year-on-year (YOY) profits sunk due to new legislation in Ontario prohibiting the time-based expiration of reward points associated with all loyalty programs. The cancellation of its 5-year expiration policy necessitated a change in ADS breakage estimate, according to CardData. ADS reported gross revenue rose 4.5% YOY…

Biometric Authentication is Unstoppable in Replacing Passwords

A new research report says biometrics will take over passwords the next ten years. The Mercator Advisory Group titled Biometrics: A Market Forecast for Consumer Adoption provides predictions out to 2025 for the penetration of the U.S. market by mobile devices that implement the hardware required to support biometrics, the market availability of persistent biometrics…

China and Jack Ma Take Over U.S.-Based MoneyGram & its P2P Services

MoneyGram, a provider of innovative money transfer services, and Ant Financial Services Group, one of the leading digital financial services providers and parent company of Alipay, a global mobile payment platform, inked a deal to merge. The transaction will connect MoneyGram’s money transfer network of 2.4 billion bank and mobile accounts and 350,000 physical locations…