Montreal-based DebitWay has signed Filipino giant LBC Mundial Remittance Corp. DebitWay who can already boast partnerships with online remittance enterprises such as Duales, Transfast and Money2anywhere.
CA-based SEKUR.me introduced a Strategic Alliance Program that enables telecoms, financial institutions, social media, smartphone manufacturers, healthcare, large systems integrators to enter the mobile eCommerce/mCommerce payment market quickly.
Toronto-based CIBC reports it has supported the enrollment of tens of thousands of CIBC credit card holders in Visa Checkout since the bank introduced direct client access to the online payment service through its website last fall, the first Canadian bank to do so.
A fresh major report says India is in the process of leapfrogging many nations in mobile-based transactions. There is currently a high level of financial exclusion across India with many households using only cash for savings and spending.
Prepaid card specialist Green Dot reported a 10.4% year-on-year (Y/Y) gain in Gross Dollar Volume (GDV) and a 6.9% increase Purchase Dollar Volume (PDV), for the fourth quarter.
Visa Europe reports the amount spent at point-of-sale broke through €1.5 trillion for the first time last year, a rise of 9.4% from 2013, with a total of 37 billion transactions. This means Visa now accounts for €1 in every €6 spent in Europe.
MasterCard (MC) fourth quarter profits rose 28.6% year-on-year (Y/Y) but down 21.0% from the prior quarter to $801 million. Over the prior five quarters MC has averaged $848 million in quarterly profits, according to CardData.
Visa profits for the fourth calendar quarter increased 11.5% year-on-year (Y/Y) to $1.57 billion and soared 46.0% sequentially. Visa took a $450 million pre-tax litigation provision, or $283 million on an after-tax basis, in the third quarter related to the interchange multi-district litigation case.
SIX Payment Services saw online transaction volumes rise in 2014 alongside constant increases in traditional card payments using credit and debit cards at the point of sale. The range and volume of payment transactions made online, in high street stores and through a variety of other locations offering goods and services continued to expand in tandem with technical innovations. Mobile wallets, which became a hot topic in 2014, are likely to gain momentum in 2015 with the launch of Apple Pay. We also anticipate that NFC payments (near field communication) and omni-channel solutions will effectively remove the dividing line between online and offline activities. SIX Payment Services saw global transaction volumes increase 10%, rising from 1.195 billion in 2013 to 1.315 billion in 2014. The total transaction volume (MSV) amounted to EUR 57.5 billion. Almost half the transactions (48%) came from the international business of SIX. The number of cards processed increased by 2% to 25.7 million in 2014.
Tinkoff Bank credit card issuer selected IRIS Analytics’ fraud prevention solution, IRIS, as its central fraud prevention system for all payment channels. IRIS has been provided to Tinkoff Bank by Wincor Nixdorf, key partner of IRIS Analytics for worldwide sales, implementation and post-sales support. The Wincor Nixdorf Russia organisation was quick to see the potential of IRIS in their market, and this is their second new business win with IRIS. IRIS puts Tinkoff Bank into the unique position of securely detecting fraud patterns that involve multiple payment channels in real-time. IRIS contains unique functionality that enables merging transaction histories for any number and type of payment channels.
Prepaid card king Blackhawk Network launched a new division dedicated to providing customized engagement, incentive and rebate programs for consumers, employees and sales channels.
The Electronic Payments Association announced that Jason Dorsey, Chief Strategy Officer at The Center for Generational Kinetics, and “Meet the Press” moderator Chuck Todd will serve as the keynote speakers for the PAYMENTS 2015 conference on April 19-22 in New Orleans.