First Data inked an extended agreement with Sam’s Club to improve member access to First Data solutions and technologies. The deal will also aim to help members to understand the EMV migration.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Brooks Smith, President and CEO of InComm.
While some Apple Pay critics scoff at the low number of retailer locations available as its coming demise, others argue that writing off Apple Pay for its slow initial adoption misses the forest for the trees.
Data leaks and phishing attacks continued unabated. Account information (40%) was the primary target of hackers in 2014, followed by credit card information (20%). The United States was hit harder than any other country when it came to data breaches.
A new study reveals PayPal is already feeling the heat of Apple Pay in just the first six months. The pain will only get worse as more consumers indicate they prefer mobile payments over digital payments.
The top Bitcoin payment solution provider for European merchants is heading into the Czech Republic. Amsterdam-based Coinzone recently launched in the UK market with significant success.
Gross dollar volume (GDV) for licensees of Discover-owned Diners Club International declined 0.8% year-on-year (YOY) in the first quarter of 2015 to $6.47 billion. Diners GDV ranged between $6.5 billion and $6.9 billion during 2014.
Gross Dollar Volume (GDV) for Visa, MasterCard, Discover and American Express U.S. credit cards is expected to top $4 trillion annually by year-end 2019. According to forecaster RAM Research, the U.S. GDV for the U.S. credit card industry is growing at a CAGR of 9.23%.
Discover’s credit card outstandings continued strong in the first quarter rising 5.1% as Purchase Dollar Volume (PDV) rose 2.7%, year-on-year (YOY). While all other credit card metrics remained stable, overall net income for Q1/15 declined 7.1% YOY to $586 million.
In today’s CardFlash News Que: PAYPAL (execs); NEXCESS (Magento); ADYEN (exec); and GLOBEONE (MetaBank).
iPad point-of-sale (POS) solutions provider for retailers and restaurants, Bindo, is teaming with Powa Technologies and APG China, a well-known producer of retail industry cash drawers. Powa Technologies is a specialist in retail commerce and technology hardware.
While the first release of Apple Watch will attract gold-standard customers: high income, younger, and extremely engaged in digital banking, payments, and shopping, the second wave of adopters will likely follow in 2016 year, which could be the real test for apple.