Debit Cards to Continue to Dominate the Market in Brazil

Debit Cards to Continue to Dominate the Market in Brazil

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Based on Gross Dollar Volume (GDV) debit cards hold a 64.6% share in the Brazilian payment card market while credit cards had 35.4% share. According to P&S Market Research’s Brazil Cards and Payments Market – Size, Share, Development, Growth and Forecast to 2020, the debit cards dominant share is likely to…

China Card Market Expected to Slow Thru 2020

China Card Market Expected to Slow Thru 2020

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] While robust, the payment card market in China is expected to ramp down in tandem with the economy over the next five years. Timetric’s “The Cards and Payments Industry in China: Emerging Trends and Opportunities to 2020” provides values and volumes for a number of key performance indicators in the industry,…

Other News PAYJUNCTION; TESCO; 3DCART; and CXC

In Other News: PAYJUNCTION (office); TESCO (MasterCard); 3DCART (update); and CXC (Qwil). PAYJUNCTION – PayJunction, answering strong demand for its electronic payment processing software and financial services, opened the doors to a new office space in Santa Barbara, CA. Between the original State Street headquarters and new Carillo office, PayJunction now occupies 15,000 square feet…

San Fran’s Stinking Rose Goes Elavon EMV

San Fran’s Stinking Rose Goes Elavon EMV

San Francisco’s super prized restaurant, The Stinking Rose, specializing in all things garlic, has leaped into the new normal of accepting Europay, MasterCard, and Visa (EMV) payments by becoming EMV certified, thanks to Elavon. U.S. Bank’s Elavon is a Gold level member of Oracle PartnerNetwork (OPN) and integrated its Simplify EMV solution within Oracle’s Point-of-Sale…

Mobile Money Payments to Triple by 2022

Mobile Money Payments to Triple by 2022

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Mobile money service users worldwide are set to break the 1 billion mark by the end of 2016, equating to 20% of unique mobile users. According to a new forecast from Strategy Analytics’ Mobile Payment Service, mobile money transactions will more than double from US$200 billion in value in 2016 to…

MasterCard & Apple Pay Hit Switzerland & Hong Kong

MasterCard & Apple Pay Hit Switzerland & Hong Kong

MasterCard is bringing ApplePay to its Swiss and Hong Kong customers and cardholders. MasterCard contactless (NFC) in Switzerland has more than 100,000 locations including Migros, Coop or Kiosks. More than 3 million contactless purchases are made every month, up 100% compared to the previous year. MasterCard is working with several Swiss banks and card issuers to enable…

Walmart Kicks Visa Out of Canada Stores in July

Walmart Kicks Visa Out of Canada Stores in July

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Walmart Canada is gearing up for a war with Visa as the retail behemoth is now informing customers it will cease accepting Visa cards starting mid-July. Walmart Canada says Visa fees are “unacceptably high.” Walmart Canada says it pays over $100 million in fees annually to accept credit cards. WALMART NOTICE:…