Visa Europe has reached critical mass for V.me by Visa acceptance in the UK. Currently, 55% of the UK’s issuance base, or 60 million cardholders plus thousands of UK’s retailers are in place to commercially rollout V.me by Visa at scale in the UK this year.
MasterCard is ramping up its efforts to get about nine million small businesses up the EMV learning curve with a broad-based program. The new MasterCard Chip 360o program will run through the end of this year.
South Korea’s Hyundai Card has inked a deal with China’s UnionPay International to issue 12 types of UnionPay card products. All major card issuers in South Korea offer UnionPay cards. BC UnionPay China Pass Debit Card is the first UnionPay card issued in South Korea.
MasterCard’s (MC) Asia Pacific – Middle East – Africa (APMEA) region Q1/15 Gross Dollar Volume (GDV) rose year-on-year (YOY) by 15.0%, but down sharply from Q1/14’s 19.0% YOY gain. GDV for the region declined in all of the past five quarters.
The average U.S. 90+ day delinquency rate among the nation’s four largest issuers declined 4 basis points (bps) sequentially, to a record low of 1.01% for the first quarter, compared to 1.05% in the prior quarter and 1.10% one-year ago.
U.S. purchase transactions (PTX) for Visa and MasterCard credit cards increased 12.3% year-on-year (YOY) while PTX for debit cards rose 7.7% YOY, in the first quarter, according to CardData. However, the average ticket for credit and debit combined declined slightly YOY from $53.15 to $52.84.
In today’s CardFlash News Que: DIGITAL RIVER (upgrade): CURBSTAND (app); PAYLEASE (PCI); and INSIDE SECURE (Cartes).
CardWeb.com’s CardData database of Company Profiles today features Digital River.
CardWeb.com’s CardConferences today features the mPOS WORLD CONFERENCE, June 30-July 1, 2015 in Frankfurt, Germany.
NJ-based provider of SaaS-based payment and billing solutions for the property management industry has taken its message big time with multiple digital billboards throughout Times Square.
A new quarterly Index will quantify the friction in the online cross-border purchasing process. The report provides detail on merchant preparedness to handle the needs of international shoppers and offers suggestions on how merchants can capitalize on the growing opportunity in the global online marketplace.
San Francisco-based Boku has buddied with MT2 to bring direct carrier billing to Google Play for Zain subscribers in Saudi Arabia. This benefit is particularly important in Saudi Arabia, where only 17% of consumers have a credit card and only 46% have any kind of bank account.