Other Payment News: VISA; VISUALANT; BANKRATE; and ELAVON

In Other Payment News: VISA (campaign); VISUALANT (funding); BANKRATE (acquisition); and ELAVON (canada). VISA – Visa launched its most ambitious integrated global Olympic Games campaign in the company’s history. Marking a bold new direction in Visa’s marketing and communications, the “Carpool” campaign will run globally across all media channels from digital to broadcast as an…

MasterCard Speeds U.S. Merchant EMV Adoption

MasterCard Speeds U.S. Merchant EMV Adoption

MasterCard has now joined Visa in launching new initiatives to accelerate EMV adoption among U.S. merchants. The new EMV chip terminal testing and certification program covers acquirers and value-added resellers (VARs). More than 70% of all U.S.-issued MasterCard branded consumer credit cards are now chip cards. MasterCard operates a chip terminal testing and certification process…

CPI Shareholders Sue Over the Company’s 2015 IPO

CPI Shareholders Sue Over the Company’s 2015 IPO

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] CPI Card Group has been hit with class action shareholder lawsuits in regard to its October 2015 IPO and 1Q/16 earnings report. On May 11, CPI reported disappointing financial results for the first quarter, stating “primary impact resulting from lower than expected EMV card shipments,” according to President and CEO Steve…

U.K. Consumer Credit Remains Solidly Robust in April

U.K. Consumer Credit Remains Solidly Robust in April

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.K. consumer credit continues to expand at a brisk pace, hovering around 10% year-on-year YOY. In April total consumer credit grew to £183.2 billion. The three-month annualized and twelve-month growth rates, seasonally adjusted (SA), were 10.4% and 9.6% respectively. The Bank of England (BOE) reports consumer credit increased by £1.3 billion…

Australia Consumer Card Spending Heads North in April

Australia Consumer Card Spending Heads North in April

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Australian credit card gross dollar volume (GDV) slipped upward, posting a 2.7% year-on-year (YOY) in April. Purchase dollar volume (PDV) increased 2.6% YOY and cash dollar volume (CDV) was 0.5% YOY YOY in April. GDV rose in April to AU$24.3 billion, compared to a revised AU$26.3 billion in the prior month…

Other News: VISA; ACI; MASTERCARD; and CHASE (P2P)

In Other News: NXT-ID (DreamTrips); INTELLICHECK (funding); REVEL (Vantiv); and CAUSE (exec). VISA Visa is now a member of the Alliance for Safe Online Pharmacies (ASOP Global), says ASOP Global’s Executive Director, Libby Baney and Martin Elliott, global head of brand protection for Visa. ACI – ACI Worldwide and PT Indopay Merchant Services (Indopay), a…

Visa Accelerates the U.S. EMV Migration

Visa Accelerates the U.S. EMV Migration

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Visa is adding more gas to the pipeline to accelerate EMV chip migration for U.S. merchants. Visa has streamlined its testing requirements, amended and simplified the terminal certification process, and committed to investing further resources and technical expertise in a manner that can reduce timeframes by as much as 50%. Visa…

Credit Card Usage in Canada to Hover at 1.6% CAGR

Credit Card Usage in Canada to Hover at 1.6% CAGR

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Purchase dollar volume (PDV) in Canada for Visa and MasterCard has been plummeting over the past five quarters, however card issuance in the first quarter (1Q/16) for both networks remained in double-digits year-on-year (YOY). The P&S Market Research’s “Canada Cards and Payments Market – Size, Share, Development, Growth and Forecast to…