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October 19, 2010

Global Payments Volumes Continued to Grow in 2009 Despite Impact of Financial Crisis

capgemini_logo_140px.png"Confirmed by the European Central Bank’s recent announcement of 4% growth in the EU, global payments volumes continued to grow in 2009, despite economic pressure from the financial crisis according to findings from the World Payments Report 2010, announced recently by Capgemini, RBS and Efma. This followed a period of overall growth in non cash-payments which accelerated to 9% in 2008 from 7% in 2007. The rate of growth in non-cash payments volumes in 2008 was far faster in developing economies, such as China (29%), South Africa (25%) and Russia (66%), than in mature markets, such as North America which had a growth rate of 4%."

BlueCava Announces Series A Funding Round

bluecava_logo_140px.pngBlueCava recently announced the closing of a $5 million round of series A funding, which included two billionaire entrepreneurs - Mark Cuban and Tim Headington. BlueCava is positioning itself as a credit bureau for devices, providing information about good, bad, and historical activities conducted from desktop computers, mobile devices, and game consoles. The company hopes to find opportunities fighting online fraud and providing enhanced target marketing services. READ MORE »

Consumers See Mobile Payments as Reason to Stay with or Change Banks

Obopay has announcedObopay_logo_140px.png the results of a recent survey exploring consumer attitudes about mobile payments and banking in the U.S. 53% of consumers interested in a mobile payment service would consider changing banks if another bank offered the service. 70% of those responding indicated that if the service allowed them to get paid, send or receive money by mobile phone, it would be an incentive to remain at their bank.

FIS Acquires Global Consulting Firm Capco

FIS_logo-140px.jpgFIS has announced that it has signed a definitive agreement to acquire Capco, a global financial services business and technology consultancy.

“Combining Capco’s collaborative consulting services with FIS’ industry leading core banking and payments solution suite will enable both organizations to better leverage our individual strengths while providing our respective clients with a unique blend of market expertise, technology solutions and strategic support.”
Capco has more than 1,000 professionals worldwide. READ MORE »

PapayaMobile Comes to Android

papaya_logo_140px.pngPapayaMobile is an Android-centric mobile software company that has recently announced a new capability to support in-app purchasing on Android phones. They have launched an SDK for developers that offers buyers the choice of funding purchases through Zong, Billing Revolution, or Adknowledge's Super Rewards.

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