Citcon | March 08, 2022
Citcon, Inc. the leading mobile wallet payment provider enabling global commerce at scale, today announced that it has expanded its global footprint to encompass South Korea and Japan. Merchants using Citcon ‘s global payments gateway can now transact with consumers in these markets using all local payment methods, including more than 30 locally issued credit and debit cards and eight popular digital wallets, all through a single payments gateway.
Retail ecommerce and digital sales in Asia Pacific totaled nearly $2.99 trillion in 2021. Japan and Korea are the 4th and 5th largest markets for digital sales and ecommerce transactions in the world, and the 2nd and 3rd largest in the region ranking only behind global leader, China. Together Japan and South Korea account for more digital commerce than Germany, France and India, combined.1
“We are enabling merchants to enter global markets where ecommerce is expanding rapidly, yet market participation requires a localized payments solution. With on the ground presence in South Korea and Japan, we can help merchants of all types expand their ecommerce offerings into these fast-growing markets, enabling them to securely transact in local currencies and native languages preferred by shoppers in these regions through one integrated technology stack.”
Chuck Huang, Founder and CEO of Citcon
Citcon’s global payments solution simplifies the complex challenge of integrating and managing multiple payment methodologies to enable cross-border commerce. Through this platform, local transactions, even for those using global credit cards, are routed through local acquirers - in South Korea and Japan - significantly reducing processing fees for merchants and increasing acceptance rates for consumers. 3D Secure 2.0 standards have been integrated to provide security and fraud protection for purchases made with global credit cards.
Merchants using the Citcon platform can now accept payments from 30 global and regional credit and debit cards including Visa, MasterCard, AMEX, JCB, DinersClub,, BC Card, Lotte, Hyundai, KB, Samsung, Samsung App Card Pay, Shinhan, Woori, Hana, Citibank, Post Office, Kwangju, L.Pay, Kakaobank, MG, Suhyup, Jeonbuk, Shinhyup, Jeju, KDB, Hana, KB Able, K Bank, Mirae Asset, and KEB.
The Citcon platform also enables the use of each country’s most popular digital wallets. In Japan merchants can process transactions using PayPay, RakutenPay, LinePay, AliPay and UnionPay. In South Korea, Citcon enables direct bank transfer, as well as payments through the most popular digital wallets including Toss, KakaoPay, NaverPay and Payco.
“Enabling cross border commerce requires not only an understanding of the market dynamics and transaction preferences of consumers, but also the customer experience insight to ensure a smooth checkout process,” explained Wei Jiang, Citcon COO and President. “Our customer experience pathway delivers a checkout experience whereby customers are seamlessly served the appropriate payment window or app interface, built in authentication layers ensure transaction fidelity, and quick approval and order confirmation provide confidence to both customer and merchant that their purchase has been received safely and payment has been processed.”
For more about the features and benefits of the Citcon platform for merchants currently operating in or considering expanding to Japan or South Korea, please see these two new market perspectives from the global payment experts at Citcon: Japan Payment Methods: What Merchants Need to Know and South Korea Payment Methods: What Merchants Need to Know.
Founded in 2015, Citcon’s fintech platform enables seamless global commerce at scale by connecting the world’s businesses with more than 100+ mobile wallets, local and alternative payment methods. Citcon integrates with POS and ecommerce systems such as Toshiba, Oracle, Cegid, Shopify and SAP and is currently deployed at more than 30,000 merchants' sites and locations, including major brands such as L’Oreal, Tumi, Texas Instruments, Revolve, Macy’s, and Panda Express. In October 2021, Citcon closed a $30MM Series C funding round. The company is backed by leading global investors Norwest Venture Partners, Cota Capital, Sierra Ventures, Sonae, and East-West Bank. Citcon has five regional offices in the US, Canada, Europe, and Asia to service its global clientele.
Socket Mobile, Inc. | January 25, 2022
Socket Mobile Inc., (NASDAQ: SCKT), a leading provider of mobile data capture solutions for business applications, is excited to announce that they will be holding a webinar on February 15th, 2022 to explain mobile driver's licenses (mDLs), the ISO 18013 standard, and how their integration into retail POS apps can deliver benefits to both the consumer and merchant.
Many states have already begun to roll out systems for mobile driver's license usage. Socket Mobile believes there will be an increasing demand for retail POS apps to support these digital forms of identification as the mDL become an integral part of our lives. This live online seminar will dive into the fundamentals of mDLs, current implementations, and their impact on the retail industry moving forward.
About the Presenters:
The educational webinar will be featuring speakers Dave Holmes (Chief Business Officer at Socket Mobile) and Alice Chan (Advisor at UL).
Dave Holmes of Socket Mobile has over two decades of experience in payments, mobile, IoT and cybersecurity and has been at the forefront of helping to bring those worlds together.
"At Socket, we believe strongly that states continuing to rollout mDL will have a big impact on the retail sector. We want our application partners to know the latest developments in this space and how they can benefit from them. We are very excited to bring subject matter expertise from UL to the table and offer this educational webinar for free to our partners,"
- Dave Holmes, Chief Business Officer at Socket Mobile.
Alice Chan is an Advisor at UL, a global independent safety science company with more than a century of expertise innovating safety and security solutions. Alice specializes in identity management and security for clients in the digital identity and payment industries.
With their combined experience and different perspectives, Dave and Alice will explore ISO 18013 and mDLs, followed by a LIVE Q&A to address questions attendees may have.
Pinpoint Payments | April 07, 2022
Pinpoint Payments Inc.has launched Peak POS, an enhanced, streamlined point of sale system that enables retail businesses to be more efficient, improve customer service, and capture more revenue.
Peak POS by Pinpoint Payments includes an array of modern terminals to process a full range of payment options including contactless payments. The system also allows for staff scheduling, inventory management, and data tracking.
"We're excited to make this comprehensive system available to retail and service based businesses that want to upgrade their operations. The Peak Point of Sale system elevates a business and lets a business owner do more in terms of setting strategy, being efficient, taking care of employees, and making a real difference for customers that will keep them coming back. It clears the way for real growth."
Pinpoint CEO Ben Grossman
The cutting edge point of sale system was developed for local small service and retail businesses. It is especially designed to meet the specific needs of smoke and tobacco shops, quick serve restaurants, bar and lounges, pet supply and groomers, and funeral homes.
"We wanted to support these business owners in being able to take advantage of the most advanced technology for scheduling, inventory control, following customer trends, and taking care of their customers," said Pinpoint Co-Founder and Chief Sales Officer Nico Ruggeri.
PEAK POS includes a customizable Loyalty Rewards Program that allows businesses of all sizes to take advantage of customer retention opportunities.
About Pinpoint Payments
Pinpoint Payments is a four-time Inc. 5000 company and a global leader in payment processing solutions with an A+ rating from the Better Business Bureau. Since 2013, Pinpoint has helped thousands of merchants cut costs, boost profits and expand their business with solutions that are simple and secure.
WeyMedia Inc | January 06, 2022
Maritime startup creditcardGenius revealed its pick of the top credit cards for Canadians in 2022. These math-based results are boosted by as many GeniusCash offers as possible – giving Canadian consumers extra cash back.
Pre-pandemic, travel cards were preferred by creditcardGenius Canadian readers because of their higher value rewards. This trend shifted to cash back cards during the beginning of the pandemic in 2020. Then in the summer of 2021, travel rewards led the pack once more ‒ until Omicron uncertainties loomed in December.
"The last 2 years have been uncertain at the best of times, I hope our data-driven and mathematical approach can help Canadians find clarity and confidence in their finances, and benefit from the extra cash back boost."
-Stephen Weyman, Co-Founder of creditcardGenius.
This year, creditcardGenius added 2 new categories. The Best Newcomers category spotlights cards with low credit score requirements, to help new Canadians build their score and earn rewards. As well, the Best Challenger category compares cards from up-and-coming fintech companies, which often offer unique features, including planting trees and earning bonus rewards at Amazon.
About WeyMedia Inc:
Trusted by over 263,000 Canadian readers every month, WeyMedia is a fintech startup that brings well-researched content and financial tools to the everyday consumer. Built by Canadians for Canadians, creditcardGenius was launched in 2017, providing consumers with the only credit card matchmaker that instantly compares 126+ features of nearly 200 credit cards. Their new cash back rewards program, GeniusCash, offers an extra cash back boost.