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December 13, 2012

C-SAM and MasterCard Announce Strategic Partnership and Investment

MasterCard logo 140pxMobile wallet and transactions platform provider C-SAM and MasterCard have announced a global strategic partnership, as well as a minority investment by MasterCard.

“This partnership further strengthens our ongoing efforts to work with industry-leading companies to deploy our technologies and help drive innovation and adoption in the rapidly evolving digital payments space,” said Ed McLaughlin, chief emerging payments officer, MasterCard. “C-SAM’s proven track record and expertise in developing mobile platforms, combined with our worldwide network and suite of industry-leading payments solutions, will help enable us to deliver new, innovative solutions to a wide range of global customers.”

InComm Acquires Adility to Offer Integrated Commerce Solutions

InComm logo 140pxInComm announced its acquisition of Adility, a platform for online-to-offline commerce, with a network of more than 500 mobile applications and online publishers.

“We created Adility, recognizing the tremendous impact online and mobile-influenced commerce has today on offline retailers and brands,” said Thomas Cornelius, Adility founder and president. “InComm has one of the largest retail networks in the country, and a fantastic team with a track record of delivering innovative solutions to their retail partners. Through our retailer-specific platform, Adility provides the ability to expand in-store sales to a completely new category, offering targeted and measurable promotions that serve the interests of their specific customer base.”

First Data Releases November 2012 SpendTrend

First data logo 140x60pxFirst Data has released its First Data SpendTrend analysis for the full month of November 2012 compared to November 2011.

Dollar volume growth remained solid at 5.8% in November, down from 6.7% in October. The growth was considered healthy as November 2011 was a strong month with dollar volume growth of 7.3%. The growth significantly weighted to spending at retailers during the latter half of the month. Although Black Friday retail spending was weaker this year with growth at 8.3% compared to 9.7% last year, overall November dollar volume growth still performed well.

SpendTrend tracks same-store consumer spending by credit, signature debit, PIN debit, EBT, closed-loop prepaid cards and checks at U.S. merchant locations.

Clutch Mobile Commerce Platform to Unite Shopping, Loyalty, and Gifting

Clutch logo 140x60px Clutch has announced its new platform that unites shopping, loyalty and gifting to deliver the most relevant offers to consumers and the most targeted customers to merchants. Its consumer-facing app "eliminates the need for multiple apps, enabling consumers to manage gift and loyalty cards, daily deals, coupons, offer searches, purchases, shopping comparisons, social gifting and mobile payments all in one place."

Federal Reserve Reports Consumer Credit for October 2012

FedThe US Federal Reserve has reported its latest G.19 Consumer Credit statistics - finding that "consumer credit increased at a seasonally adjusted annual rate of 6.25%. Revolving credit increased at an annual rate of 4.75%, while nonrevolving credit increased at an annual rate of 7.0%."

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