Gross dollar volume (GDV) for Visa, MasterCard, American Express and Discover credit cards in the U.S. climbed 7.5% year-on-year (YOY) in 3Q/16 reaching a record $804 billion. Visa led the way in the third quarter posting a 18.1% YOY gain for U.S. GDV. Visa reported third quarter U.S. credit card GDV of $424 billion,…
Users of the Android mobile payment app boon are now able to use their virtual prepaid credit card, which can be topped up and which forms the basis of the app, for mobile online purchases. The app issued by Wirecard offers a transparent overview of the entire transaction process. Wirecard, a supplier of internet technology,…
There has been a significant change in consumer behavior in the global casino gaming market. The increase in the popularity of gambling apps and social gambling are the major factors expected to propel the growth of the market during the forecast period. Vendors are leveraging the growth in internet using population and increasing adoption of…
A new survey finds small business owners are preparing for weaker sales this holiday season, with only 23% expecting an increase in sales – down from 29% a year ago. Smaller businesses (with under $1 million in annual revenues) are driving the negative outlook, feeling less optimistic about holiday sales compared to their larger counterparts…
A new survey reveals numerous areas where Commercial Card providers can both educate and better serve their end-user clients. Solutions available today address top areas of concern such as control and security related to all product types. Solutions including automated compliance monitoring and mobile alerts are not yet commonly adopted by end-users but could address…
For organizations reliant on individual contributions, there has been a lack of information that could enable a better understanding of how, when and where donations are made. This information gap keeps organizations from being able to develop efficient and effective fundraising efforts. To help, the Mastercard Center for Inclusive Growth is issuing its first edition…
ME-based, WEX, a provider of corporate payment solutions, has ankled David Cooper for the newly created role of chief technology officer. The role was created to lead all aspects of corporate technology. In this position, Cooper will spearhead corporate IT and platform strategy, enterprise architecture, program management, information security, and IT infrastructure operations. “David brings…