U.S. Visa (VS) and MasterCard (MC) credit card U.S. Gross Dollar Volume (GDV) grew 10.7% in the third quarter to $488 billion. VS credit card GDV rose 12.8% while MC rose 6.6%.
CardWeb.com’s CardExecs database of card industry movers and shakers today features Ram Chary, Chief Executive Officer of Global Cash Access. GCA is a cash access provider of products and related services to approximately 1,000 casinos and other gaming properties globally.
The nation’s fifth largest payments processor reported record third quarter net revenue of $169.4 million, up 10.5% from the third quarter of 2013. Heartland Payment Systems also reported same store sales rose 1.8% and volume attrition was 12.6% in this year’s third quarter.
A new survey finds nearly half of all UK card users viewcontactless cards as one of the least secure methods of payment , behind mobile payments at 71%. Also, despite industry claims that contactless cards are now widespread, 71% stated that they still do not have a contactless-enabled card in their wallet.