Google has acquired technology and intellectual property from Softcard to integrate into Google Wallet. The deal means the end of the Softcard, a joint venture of AT&T Mobility, T-Mobile USA and Verizon Wireless.
Visa’s (VS) Central Europe – Middle East – Africa (CEMEA) region Gross Dollar Volume (GDV) rose year-on-year (Y/Y) 16.8%, on a local currency basis, in the fourth quarter (Q4/14). Growth in the region has been growing steadily and will likely remain so through 2015.
Gross transactions (GTX) of purchases + cash for Visa and MasterCard credit and debit cards in the U.S. grew by 7.8% year-on-year (Y/Y) in the fourth quarter. Gross transactions volume will likely hit 18.38 billion in the first quarter, according to forecaster RAM Research.
The German Banking Industry Committee (GBIC) has issued its approval for Wincor Nixdorf’s hardware and software solution for girocard transaction processing, which the company can now offer on the German market for the processing of cashless payment transactions.