Frictionless Monthly Payment Plans for Credit Cards at the POS

Splitit has partnered with Magento as a Select Technology partner to offer their solutions to the Magento ecosystem. Merchants using Magento will now be able to seamlessly integrate Splitit’s payment tool into their checkout process. Splitit enables retailers to instantly offer monthly payment plans to their customers directly at checkout. Splitit works on existing Visa and…

First Blockchain-Based Football Fantasy Game Offers XFCCOIN Cryptocurrency

Cryptocurrency fueled football fantasy sports game is publicly testing its payments platform. FootballCoin (XFCCOIN) and the blockchain-based Football Manager game allows players to create their own football team, manage the player roster and participate in competitions. The use of Bitcoin blockchain and Counterparty platform, with its own FootballCoin cryptocurrency, creates a perfect in-game economy with plenty…

UAE Establishing a Mobile Payments Platform Integrated with Government Services

Emcredit, a subsidiary of the Dubai Economic, has inked a partnership with Cardtek to offer a secure infrastructure for mobile payments, identification, and extended smart government services for UAE residents. As a part of Dubai’s Smart Government Initiative, emPay will bring together a number of service providers including commercial banks, government departments, exchange houses, retailers,…

Visa Credit Cards Drive V+M Payment Card Purchase Transactions Growth

Purchase transactions (PTX) for Visa and MasterCard credit and debit cards in the U.S. grew by 7.0% year-on-year (YOY) in the fourth quarter (4Q/16) to 21.3 billion. The growth was driven by credit cards, and more specifically Visa, according to CardData. U.S. purchase transactions for Visa and MasterCard payment cards (debit+credit) hit 21,311 in 4Q/16, compared…