Growth in card usage outpaces growth in card numbers as a result of contactless technology and wider acceptance

Increasing contactless usage and rising card acceptance fuel cards boom

The total number of card payments worldwide increased by 14% to 310 billion in 2016, notably higher than the 8% increase in card numbers, according to RBR’s Global Payment Cards Data and Forecasts to 2022. In all regions, consumers are increasingly choosing cards to make purchases.

Tier1CRM, a provider of cloud-based customer relationship management (CRM) solutions for the capital markets industry, announced today that it raised $34 million (USD) in growth equity financing from a group of investors led by Wavecrest Growth Partners, with participation from MassMutual Ventures and Salesforce Ventures.

Launched early last month, mobile payment app company SpherePay, has acquired over 60,000 users in Singapore and has actively engaged users by running campaigns and strategic partnerships with reputable brands and organizations. With its mission to be South East Asia leading localized mobile payment app, SpherePay is on track of acquiring over 1 million users by end of 2018.

Gemalto, the world leader in digital security, announces that its Trusted Service Hub (TSH) can now offer a single gateway enabling issuers to connect to the Mastercard and Visa tokenization services, simplifying the way financial institutions can launch mobile payment services.

The board of Gemalto N.V. (the Company) has noted the announcement last evening of the unsolicited and conditional proposal by Atos SE (Atos) to make a cash offer for all issued and outstanding shares of the Company at an offer price of EUR 46 (cum dividend in cash) (the Proposal). 

On November 28, 2017 Atos submitted its Proposal, valid until December 15, 2017 to the board of the Company. The Company subsequently informed Atos that it would carefully review the Proposal and respond to it before such date. 

Financial IT interviews Petko Karamotchev, Director of Industria at Fintech Connect Live 2017

All beginnings are difficult. Studies show that, on average, nine out of ten start-ups fail (1), and the shark tank that is the financial industry isn’t exactly renowned for allowing tender start-up shoots to flourish. The risk of failure and the fierce competition should not, however, deter you from launching your own FinTech. Instead, you can learn from others’ mistakes. Anyone seeking to start a successful FinTech company should carefully examine why others fail and avoid making the same mistakes.

NYMBUS®, the core banking modernization company, announced today that it has successfully completed the Service Organization Control (SOC) 2 Type 1 examination for its flagship SmartCoreâ and SmartDigitalÔ platforms. Conducted by data security compliance leader 360 Advanced, Inc., this rigorous audit and certification attests to NYMBUS’ high security protocol and effective compliance with today’s stringent regulatory environment.

On Friday, December 8, B-Hive and Stockholm Fintech Hub signed a Memorandum of Understanding that will allow them to collaborate and cooperate through areas of mutual interest.

Fabian Vandenreydt, Executive Chairman of B-Hive, signed the MoU alongside Matthew Argent, CEO and Founder of Stockholm Fintech Hub, which states that both hubs mutually agree on the expediency of further cooperation in several areas, including a mutual exchange of trends, research and more.

Slush and Connecting with Stockholm

For 60 years now the IAEA has been working for the safe, secure and peaceful use of nuclear power globally, supporting its members worldwide in establishing the highest safety standards for operating nuclear power plants. Today, this also includes effective contingency planning for managing cyber-attacks. The attack on Iran's Bushehr nuclear power plant with the Stuxnet malware in 2010 illustrated that nuclear facilities are the target of cyber-attacks and that these attacks can lead to physical damage.