U.S PDV Q2/15

Purchase dollar volume (PDV) for Visa, MasterCard, American Express and Discover cards (credit + debit) in the U.S. climbed 7.6% year-on-year (YOY) in Q2/15 reaching a record $1205 billion. Visa led the way in the second quarter posting a 8.8% YOY gain for U.S. PDV, according to CardData. However, YOY PDV growth is slowing a tad for all four U.S. networks.

Visa LAC Exec

Visa has named a 15-year veteran of the Company as the Group Executive for the Latin America and Caribbean (LAC) region, effective September 1st. Eduardo Coello will be responsible for all of Visa’s operations in the region including regional business development and client relationship management with financial institutions, merchants, and partners across 44 countries in LAC.