Some Interesting Odds And Ends From Money2020 Announcements

At any industry event such as Money2020, companies try and roll out new offerings—even if what they have to say isn’t that new or interesting. But in reviewing the self-perpetuating avalanche of accolades, found a few interesting tidbits with that Monday dateline:

  • New stats from eMarketer: In 2015, mobile payments will total $8.71 billion in the US, with users spending an average of nearly $376 annually using their mobile phone as a payment method. By 2016, total mobile payment transactions will reach $27.05 billion, with users spending an average of $721.47 annually. Total mobile payment sales will rise faster than average spending per user in 2016 because of the growth in the number of overall users of the technology.
  • Mozido confirmed a gateway platform that is optimized for trade between the U.S. and China. Less significantly, the company also announced the availability of it HCE product.
  • Sequent Software argued that it’s Token Service Platform offering is the first “to support all types of cards including credit, debit, prepaid and access control credentials.”
  • Giact introduced gMobile, a package that leverages data-sharing from carriers Sprint, AT&T, Verizon and T-Mobile to authenticate mobile devices with a ping-back, trying to verify that the phone isn’t jailbroken. “Verizon has been very reluctant to do this” and this is supposedly the first time that T-Mobile has cooperated, according to Giact CTO Merlin Bise.
  • The Clearing House has entered into a realtime-payment letter of intent with UK payment systems vendor VocaLink.
  • CheckAlt LoanPay, CareCredit and Ingo Money used the Las Vegas show to roll out new versions of their mobile apps. Ingo’s was done jointly with First Century Bank.
  • Dream Payments launched what it said was Canada’s first off-the-shelf EMV payment terminal that accepts Interac debit card payments.
  • Nok Nok Labs introduced an updated version of its S3 Authentication Suite, which the vendor claims “is the first unified platform enabling organizations to use standards-based authentication that supports existing and emerging methods of biometric authentication.”
  • CashStar, a prepaid vendor, announced a few minor enhancements to its core package, including private label credit card support, regifting, and on-demand activation.

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