Home 2013 July

Startup Clinkle Raises $25 Million in VC Funding and Looks to Shake up Mobile Payments

Clinkle, a mobile payment app and network started by a recent Stanford University grad, recently received $25 million in funding from big names like Peter Thiel in an initial round led by Accel Partners. Part of Clinkle’s appeal is that merchants won’t need any new hardware to accept payments, but few details about the company



Global M-commerce Volume Expected to Double Between 2013 and 2017

A recent report from Juniper Research estimates the value of mobile commerce transactions will grow from $1.5 trillion in 2013 to a forecasted $3.2 trillion globally by 2017. Read More


Visa Expects 50 Billion Contactless Payments per Month in Europe by End of this Year

Visa has strong expectations for the growth of contactless payments in Europe estimating that 52 million contactless payments will be made per month across Europe by the end of 2013 and that by 2020 half of Visa’s payment volume in Europe will be generated by a mobile phone. Read More


Mobile POS Payments Forecasted to Exceed $5 Billion in U.S. by 2018

Although mobile point-of-sale proximity payments comprised just 0.01 percent of the total POS retail purchased volume in 2012 according to Javelin Strategy and Research, they estimate that mobile payments at the point-of-sale will grow eleven-fold over the next six years as they are forecasted to reach $5.4 billion in the U.S. by 2018. Read More


TSYS Enters Consumer Prepaid Market with Acquisition of NetSpend

Back-end processor TSYS finalized their acquisition of prepaid card firm NetSpend on July 1 as TSYS completed the $1.4 billion transaction and NetSpend was delisted from the stock exchange. The acquisition was first announced in February of this year. Read More


Customer Concerns Leading to Cart Abandonment

Shopping cart abandonment is a major concern and performance indicator metric for all eCommerce merchants, and a recent study and infographic posted by ConversionVoodoo found several issues affecting sales conversion and cart abandonment including costly shipping, complicated checkout processes and distrust in a merchant or website. Read More

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