China UnionPay (CUP), Cathay United Bank (CUB) and other institutions are going full throttle to expand EMV card acceptance at ATMS throughout Taiwan. POS terminal upgrades to EMV will likely reach 80% of merchants by the end of this year.
Visa (VS) Canada’s Gross Dollar Volume (GDV) rose year-on-year (Y/Y) 8.0%, on a local currency basis, in the fourth quarter (Q4/14). Growth in the region has been picking up in the past three quarters and will likely remain so through 2015.
Profits (after tax) among the nation’s top four bank credit card issuers declined 9.0% in the fourth quarter (Q4/14), compared to one year ago (Y/Y) and down 4.3% sequentially (Q-Q). However, after adjusting for abnormal loan loss provisions in Q4/13, profits were up an estimated 8.4% Y/Y.
Ingenico Mobile Solutions has unveiled the industry’s first audio-jack based NFC/contactless mobile card acceptance solution with support for Apple Pay, MasterCard contactless and Visa payWave. Ingenico was the first to develop combined EMV and NFC features in smart terminals in the US and globally.
The California Korean American Grocers Association (KAGRO) and US Bankcard Services, Inc. (USBSI) have inked a deal to offer KAGRO members special payment benefits.
Digital currency, AppleByte, is ready to take crowdfunding to prime time with the launch of an Indiegogo Campaign to raise money for artists worldwide. While AppleBytes re largely person-to-person, they can be purchased with either a credit card or bitcoin.
VA-based Intelishift Technologies now accepts payment in Bitcoin. Colocation providers can now pay for their colocation hosting services using the virtual currency. A peer-to-peer type of payment, users can make transactions using Bitcoin without needing an intermediary.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Dave Hobday, Managing Director of Worldpay UK.
Nashville-based TransCore has landed a major contract the Massachusetts Department of Transportation (MassDOT) to modernize its E-ZPass system. The State is moving towards a cashless tolling solution.
MI-based Stratos unveiled the Stratos Bluetooth Connected Card. It is the industry’s first payment card that consolidates an unlimited number of plastic cards into one and works everywhere traditional cards are accepted.
MasterCard plans to work with the Egyptian government to roll out a digital ID program that links citizens’ national ID to the existing national mobile money platform, allowing Egyptians to participate in the formal electronic economy through a single, easy-to-use cashless program.
Nearly 13 million U.S. consumers were victims of identity fraud last year, a 3% decline from the same period in 2013. New account fraud hit a record low last year.