NBD Bank and MasterCard and NDB Bank have inked a partnership to bring the MasterCard Purchase Control solution to Sri Lanka. Offering a simple, effective and secure means of controlling spending, reducing operational costs, and enforcing compliance with corporate policy, the solution marks a revolutionary change to the manner in which commercial transactions are conducted in Sri Lanka.
Profits among the big four U.S. based payment networks are projected to rise 10.9% year-on-year (YOY) in the third quarter says RAM Research. Driven by Visa’s electric performance in the second quarter with net income rising 24.8%, payment card profits for the top four networks rose 10.7% in the second quarter, compared to one-year ago, according to CardData.
U.S. bank credit card active accounts (accounts with sales activity), among the top six U.S. issuers, will likely notch up 1.5% year-on-year (YOY) in the third quarter, according to RAM Research. In the second quarter active accounts among the Big 6 grew 1.4% YOY and flat quarter-to-quarter (QOQ), according to CardData.