Visa Global Volume Growth Robust - PDV & PTX 12%+ YOY

MC Posts Double Digit Games in All Metrics, Except Profits

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] MasterCard continued to plow along in the first quarter (1Q/16) posting double-digit year-on-year (YOY) gains in all metrics, with the exception of net income. On a currency adjusted basis (FX), MasterCard’s global gross dollar volume (GDV) increased 13.2% YOY, purchase dollar volume (PDV) was up 12.2% YOY and cash dollar volume…

US Bank Reports Explosive Consumer Credit Card GDV

US Bank Reports Explosive Consumer Credit Card GDV

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. Bank (USB)’s Payment Services division reports explosive year-on-year (YOY) growth in consumer credit card gross dollar volume (GDV), as well as a substantial YOY gain in credit card outstandings (OUT) for the first quarter (1Q/16). Payment Services includes consumer and business credit cards, stored-value cards, debit cards, corporate, government and…

Rumors: MasterCard in Final Stages of a Vocalink Acquisition

Rumors: MasterCard in Final Stages of a Vocalink Acquisition

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Rumors continue to swirl in regard to a deal for MasterCard to acquire the Vocalink, the UK operator of the Faster Payments service for approximately £1 billion (US$1.13 billion). The British press, including Sky News, says 13 banks which are shareholders in Vocalink have approved a period of exclusivity within which…

Oti & Microtronic to Attack Cashless Vending Payments

Oti & Microtronic to Attack Cashless Vending Payments

Israeli On Track Innovations has inked a strategic partnership with Swiss-based Microtronic, a European provider of closed loop cashless payment systems for vending and office coffee service (OCS). The companies will introduce a solution that integrates Microtronic’s e-vending and closed loop payment solution into oti’s CONNECT 3000 telemetry device and proven line of TRIO and…