MasterCard’s Canadian gross dollar volume increases 5.4% in the second quarter, while Visa’s Canadian gross dollar volume remained flat. MasterCard has 49 million cards-in-force currently in the Canadian region. RAM Research projects MasterCard Canadian purchase dollar volume will rise slightly to US$34 billion in the third quarter.
Discover leads the charge in the year-on-year growth of cash dollar volume gains, rising more than 14% in the second quarter. Americans are now making approximately $820 billion in annual payment card cash transactions through the four U.S. networks.
NCR hires a heavy hitter for its Retail Solutions Division. Michael Bayer comes with credentials from Avaya EMEA, Motorola, Symbol Technologies and Cisco. Bayer will report to NCR Chairman and CEO Bill Nuti.
JCB continues to expand in Europe signing a Netherlands deal with EMS. The Netherlands is a strategically important country for JCBI as this is a major destination market for European JCB card members. JCBI has been doing business in Europe for 32 years.
First Data beefs up prepaid market with the acquisition of Gyft. First Data’s clients, including its more than 300 national retail prepaid clients, will now have access to a new and growing distribution channel to adopt the next level of gifting, expand their gift card footprint and programs and add choice for consumers.
MasterCard and SFX Entertainment announced a multi-year global partnership to further strengthen MasterCard’s commitment to being an experiential brand in music and entertainment. MasterCard will simplify the way hundreds of millions of electronic dance music (EDM) fans worldwide can access SFX events, engage with content and connect with their community. Through its Priceless platform, MasterCard will also create surprise and delight experiences for fans, starting this fall. SFX will leverage MasterCard’s innovative technologies for its digital and physical platforms including ticketing, retail, live events and social networking, pioneering a new model for enterprise-wide partnerships. MasterCard becomes the exclusive financial services sponsor for all of SFX’s platforms.
Big changes in the works for the BJ’s MasterCard as Alliance Data Systems takes the helm by the end of this year. The BJ’s card portfolio will transition to MasterCard and can be used anywhere MasterCard is accepted across the globe. In the spring of 2015, the entire BJ’s credit portfolio will be converted to chip-enabled MasterCard credit cards.
Square picks up an explosive restaurant delivery service. Caviar has expanded its service to Boston, Chicago, New York, Seattle, Los Angeles, and Washington D.C. The company’s order volume has grown more than 500% year over year.
MasterCard and SFX Entertainment today announced a multi-year global partnership that will bring innovative technology solutions to the SFX platform and further strengthen MasterCard’s commitment to being an experiential brand in music and entertainment. MasterCard will simplify the way hundreds of millions of electronic dance music (EDM) fans worldwide can access SFX events, engage with content and connect with their community. SFX Entertainment, Inc. is the largest global producer of live events and digital entertainment content focused exclusively on electronic music culture and other world-class festivals.
Sphonic announced Tom Sullivan has joined the company launch their products into the “Americas” market. Tom Sullivan comes with a wealth of experience within the digital payments & fraud prevention industry, having spent the last twelve years at Expedia Inc. as Senior Director, Global Risk & Payments. In parrallel, Tom has been the Chairman of Merchant Risk Council, driving the organisation’s impressive growth over the last 10 years. Tom joins Sphonic Americas, to replicate Sphonic’s successes in Europe in providing innovative solutions for risk management and customer acceptance to a range of digital clients.
Growing consumer acceptance of transactional digital banking, and the sharp rise in mobile banking adoption overall in driving household bill payments made via PCs, tablets and mobile phones through the roof this year. A new report also found digital banking users prefer the convenience and perceived security of the tablet or PC over the mobile handset.
Diebold announced Alan Kerr has been named executive vice president, software. An experienced software and field operations leader, Kerr will build the strategy for the company’s global software organization. With more than 25 years of senior-level experience, he has held senior leadership positions with several IT software and services leaders. An experienced change management leader, he successfully restructured the sales operations and helped deliver revenue in excess of $3 billion.