China UnionPay Signs Sweden’s Largest Acquirer in Sweden

China UnionPay Signs Sweden’s Largest Acquirer in Sweden

China’s UnionPay has inked a cooperation agreement with Swedbank to enable the merchants in several Nordic countries and the three Baltic states to accept UnionPay cards in two years, substantially expanding UnionPay’s acceptance scope in the region. Now, about two million merchants in Europe accept UnionPay cards, which satisfies tourists’ payments needs. Since this year,…

Corcentric & FIS & Comdata Develop an Integrated Pay Solution

Corcentric & FIS & Comdata Develop an Integrated Pay Solution

Corcentric, a provider of cloud-based financial process automation solutions, has launched its newest product, an e-payments solution to help its customers further automate and digitize their payments processes. This integrated, end-to-end solution automates back-end accounts payable and payment transactions, processes all of a company’s disbursements, dramatically reduces accounts payable and payment costs and efficiently manages…

Major 4 U.S. Credit Card GDV Up Nearly 7% YOY

Major 4 U.S. Credit Card GDV Up Nearly 7% YOY

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Gross dollar volume (GDV) for Visa, MasterCard, American Express and Discover cards (credit + debit) in the U.S. climbed 6.8% year-on-year (YOY) in 2Q/16 reaching a record $1482 billion.   Visa led the way in the second quarter posting a 9.0% YOY gain for U.S. GDV. Visa reported second quarter GDV…

Briefs: MYC; CLEARENT; BLUEFIN; and YAPSTONE

In Other News: MYC (webinar); CLEARENT (exec); BLUEFIN (P2PE); and YAPSTONE (exec). MYC – Master Your Card (MYC) sponsored by Mastercard, announced a new webinar series on card acceptance, developed in partnership with the Association of Women’s Business Centers (AWBC). The webinars are based on input and feedback from small business owners on how to…

Among Sub-Prime Credit Cards Limits Up - Delinquency Down

Among Sub-Prime Credit Cards Limits Up – Delinquency Down

Consumers credit card behavior improved since exiting the recession as evidenced by the growth of credit card limits in particular among the subprime credit card market. Yet, even with the solid improvements, the year-over-year figures indicate a slight increase in delinquency rates. Experian found the first six months of 2016 has shown that the total…

Masii Quietly Launches to #2 Position for Credit Card Comparison

Masii Quietly Launches to #2 Position for Credit Card Comparison

One of Thailand’s most reputable businesses just made a substantial play for Southeast Asia’s online credit card and card insurance comparison market – which until now was dominated by foreign players. The 138-year-old multi-billion dollar Thai conglomerate, B.Grimm, began quietly piloting their new financial comparison platform, Masii, to users in Bangkok last month. The site…