Consumer Businesses Underestimate Cyber Risk Beyond Card Payments

Between 30% and 40% of companies currently investing in platforms such as consumer analytics, cloud integration, connected products and mobile payments have mature programs in place to address related risks. Many of these technologies involve a broad set of data types that could expose consumers to much more than stolen credit cards and identity theft.…

Thailand’s KBank JCB Credit Card Accommodates Japanese Culture

Thailand’s KBank and JCB have buddied to introduce the “KBank JCB Credit Card” to accommodate Japanese culture and lifestyles. The new card offers a wide range of attractive privileges are offered to Japanese cardholders, with first-year targets of 100,000 cards and spending of 2 billion Baht. Being among the most-visited destinations of Thai travelers, Japan…

Deals Facilitate AliPay in Germany & Empowers VEON Platform in Italy

Wirecard has recently nailed two big deals, one in Germany and one in Italy. In Germany Wirecard inked high-quality knife and cookware specialist Zwilling as a customer for Alipay. The company operates in nearly 100 countries worldwide and is one of the largest kitchen and household goods chains in Germany. The kitchenware specialist will now…

Mastercard Slowly Making Inroads on Visa in LAC – Q1 GDV Up 13% FX

Visa and Mastercard purchase dollar volume (PDV), currency adjusted (FX), in the Latin American Caribbean (LAC) region has been robust with year-on-year (YOY) growth in double digits. Mastercard has been slowly gaining on Visa in the LAC, eroding Visa’s marketshare in the LAC region, based on nominal PDV, to 64% at end-of-year (EOY) 2016, compared…

AmEx Costco Loss Fuels Top 4 V/MA Issuers Q1 GDV YOY Growth

U.S. Gross Dollar Volume (GDV) among the top four bank credit card issuers, rose an estimated 19.0% year-on-year (YOY) in the first quarter (1Q/17). The strong growth was driven by Citibank and its Costco portfolio acquired from American Express early last year, according to CardData. The top four U.S. issuers racked up an estimated $351.3…

Visa + MC Intl Q1 GAC +8% YOY — A/P Region Most Robust

Visa and Mastercard international gross (open) payment card accounts (GAC) for the first quarter (1Q/17) grew an adjusted 7.5% year-on-year (YOY). International credit GAC was up 14.5% YOY and international debit GAC soared 33.2% in 1Q/17, both unadjusted, according to CardData. Visa began including Visa Europe in its operational performance reports as of 3Q/16. Visa…

Soaring Online Fraud Impacts Company’s Revenue, Loyalty, and Reputation

Six out of 10 survey respondents (including 55% with a CFO title) had seen both the number and dollar amount of credit card chargebacks increase since the introduction of EMV chip cards. Furthermore, 64% of those surveyed (including 62% of CFO-titled respondents) measured increases in both the number and dollar amount of credit card chargebacks…