V+MA 1Q/17 U.S. PTX Edges Upward Pushed by V Credit Cards

Purchase transactions (PTX) for Visa and Mastercard credit and debit cards in the U.S. grew by 4.8% year-on-year (YOY) in the first quarter (1Q/17) to 20.3 billion. The growth was driven by credit cards, and more specifically Visa. according to CardData. U.S. purchase transactions for Visa and Mastercard payment cards (debit+credit) hit 20,388 in 1Q/17, compared…

Top 6 U.S. Credit Card Issuers Post Robust Q1 YOY Outstandings

U.S. credit card outstandings end-of-period (EOP) among the Big 6 issuers increased 9.5% in the first quarter (1Q/17) year-on-year (YOY) to $513.1 billion. The robust aggregate gain resulted from strong YOY growth from Citibank, Capital One and American Express. The Big 6: American Express, Discover, Chase, Bank of America, Capital One and Citibank, reported $513.1…

Sharpest Cyber Security Minds in the World to Meet This Fall

The sharp increase in cyber threats is throwing IT departments into turmoil dealing simultaneously with privacy concerns, regulation imperatives and security needs. Furthermore. the strategic importance of the CISOs, CIOs, CTOs roles have also changed to adapt to the constantly evolving playing field. The 3rd Global Cyber Security Leaders Summit is an interactive, invitation-only, event…

Bitcoin Gains Traction as Cannabis Dispensaries Demand a Payment Solution

Bitcoin had gained 157% year-to-date and dominated the cryptocurrency market with $43 billion market cap. Another digital currency, Ethereum, also skyrocketed this year. The price of Ethereum hit a new record high of $250 a coin on Sunday, with an increase of more than 2800% this year. Ethereum is now the second-most popular cryptocurrency. According…