Deem Raises $50 Mn to Accelerate its Growth in Commerce Services

Deem is a cloud and mobile commerce company that enables merchants and partners to lower costs, increase revenue and deepen customer loyalty through its Commerce-as-a-Service (CaaS). The company recently announced the completion of a $50 million round of capital raising. The company is planning to use the funds to expand globally, make acquisitions and further

PayPal and Square Watch out: Amazon Card Reader might be coming

E-commerce giant Amazon is all set to release its own mobile-based credit-card reader, according to 9to5mac, which discovered a leaked Staples document referring to the introduction of an “Amazon Card Reader” around the week of Aug. 12, 2014. Source This news comes barely a week after Amazon silently joined the mobile wallet race with the

Buy Target Items Directly off from Magazines and Ads via New Image-Recognition App

On July 21, 2014, Target Corp. announced the introduction of In a Snap, a new image-recognition app aimed at students. The iPhone app enables students and families to quickly scan, select and buy items featured on Target’s new back-to-college catalog with just a few clicks. In a Snap can be downloaded free from the Apple

Transport for London to Introduce Contactless Payments Beginning 16th September

Since 1829, commuters in London have been paying cash for public transportation. Thanks to Oyster card, this year (and for many years) less than 1% of commuters have been paying cash to travel by bus in London. So what’s the buzz about? On 25th July 2014, Transport for London (TfL) announced that on 16th September

BTX Trader’s Celery Makes it Easy to Buy and Trade with your First Bitcoins

Thirty-two percent of people between the ages of 18 and 24 say they would consider using alternative currencies, such as Bitcoin, according to a recent survey. This suggests that demand for the new technologies is growing. On 25th July 2014, BTX Trader, provider of a multi-exchange online trading system for digital currencies,– announced the launch

How can We Create New Value through ACH Networks?

In 2013, ACH (Automated Clearing House) Network volume grew to almost 22 billion electronic payments, an increase of 4 percent over 2012, as per statistics by NACHA — The Electronic Payments Association. A total of $38.7 trillion was transferred over ACH Network in 2013, increasing almost 5 percent compared with 2012. Started 40 years ago,

IBM and Monitise Team Up to Enhance the Capabilities of the Financial-Services Industry

With the rising adoption of mobile technology, the financial industry is facing more demand for mobile solutions for core services, and IBM and Monitise are determined to help the industry in this regard. They recently announced a partnership to deliver cloud-based mobile solutions for the financial-services industry, expanding their global alliance to help banks and

LoopPay gets investment from Visa, scalable MST tech works with existing POS

In a discussion with Amit Goel from Let’s Talk Payments, CEO of LoopPay Will Graylin spoke about the strategic investment they have received from Visa. Amit – What are the biggest reasons for Visa to invest in your company? Will – There are three big reasons: 1) It is the first scalable payment solution that

Paymetric Collaborates with Ingenico to Boost its Multicurrency Functionality

On 23rd July 2014, Paymetric, the global leader in integrated, secure electronic-payment management, announced a partnership with Ingenico Payment Services to enhance the multicurrency functionality of its catalog of payment solutions. Paymetric’s innovative payment-acceptance solutions improve e-payment acceptance rates and reduce the scope and financial burden of PCI compliance. Several leading global brands rely on Paymetric

Imdaad Collaborates with Dubai Trade to Use Online Payment Gateway Rosoom

Recently, Imdaad, a leading provider of integrated facilities-management solutions in the GCC, entered into an agreement with trade-facilitation entity Dubai Trade to use the trade facilitator’s Rosoom online payment gateway. The agreement was signed by Mahmood Al Bastaki, CEO of Dubai Trade, and Jamal Lootah, CEO of Imdaad, according to a press release. With this