Visa’s CyberSource unit racked up more than 1.9 billion transactions in the third quarter but continues to slow year-on-year. The decelerating CyberSource transaction growth is among the factors in a drag on Visa’s stock.
Chase Paymentech, the pioneer of the acceptance of new payment methods, including PayPal, Bill Me Later, Green Dot and Apple Pay, reported $213.9 billion in Q3/14 dollar volume. Chase Paymentech’s customer base includes 280,277 merchants with 552,191 locations.
The ShopRunner and Alibaba joint venture is underway this week. The JV enables the shipping of U.S. e-commerce orders directly to China. ShopRunner has also added Eddie Bauer, Bergdorf Goodman, Narciso Rodriguez, Neiman Marcus Last Call, and The Limited to its roster of retail partners.
Visa gained more U.S. market share in the third quarter than the other three networks, capturing 58.1% of the Gross Dollar Volume (GDV), compared to 57.9% one-year ago. The growth came at the expense of MasterCard who declined from 26.4% in Q3/13 to 26.1% in Q3/14.