Prepaid card specialist Green Dot reported a 6% year-on-year (Y/Y) gain in revenues. Income increased 127% to $13.9 million for the third quarter.
Credit Unions say The Home Depot data breach cost them dearly, to the tune of $57.4 million. About 7.2 million credit union debit and credit cards were affected by the breach.
Purchase Dollar Volume (PDV) on U.S.-issued debit cards jumped 7.6% year-on-year (Y/Y) in the third quarter of 2014 (Q3/14) to $452 billion, according to CardData.
One of the 10 largest independent sales organizations (ISOs) of First Data Merchant Services has earned a new tokenization patent.
Atlanta-based Cardlytics picks up more funding to the tune of $70 million. The Company pioneered Card-Linked Marketing.
Cambodia’s largest banking institution has inked a deal to grow Discover and Diners Club card acceptance in Cambodia. The agreement enables Discover and Diners Club customers and cardholders payment acceptance in Cambodia provided via ACLEDA Bank ATMs and merchants.
Google’s announced a new way to add money to its Wallet Balance by automatica recurring bank transfers for faster access and no Google Wallet fees. There are no fees or minimum balance requirements for the Wallet Balance.
London-based Powa Technologies has inked a deal with Ingram Micro to distribute the PowaPOS T-series POS solution in the North American marketplace. In September, Ingram Micro announced its intentions to expand its POS offerings.
Naples-based ACI reported new sales bookings, net of term extensions (SNET), increased 6% in the third quarter, compared to the prior year quarter. Overall sales bookings including term extensions increased 18% compared to the prior year.
UL launched its Collis Visa Cloud-based Functional Test Suite. Implementing the Visa Cloud-based Payments Contactless Specification (VCPCS v1.4) through Visa’s relatedVCPCS test plan, it helps Visa card issuers in testing and precertification of their Visa payWave mobile payment applications implemented as a Host-based Card Emulation (HCE) compatible mobile application.
Jacksonville, FL-based FIS reported third quarter revenue increased 6.9% to $1.605 billion from $1.502 billion a year earlier. GAAP net earnings from continuing operations was $152 million down 13.1%,compared to $175 million in the prior year quarter.
GA-based TSYS reported a solid third quarter as total revenues for hit $616.9 million, an increase of 8.1% over the prior year. Income from continuing operations attributable to TSYS shareholders was $82.9 million, an annual increase of 27.9%.