MasterCard (MC) U.S. credit card dollar volume (PDV) will rise 7.7% year-on-year (YOY) in Q2, driven by solid gains in U.S. debit cards. MasterCard is outpacing Visa in all payment products not domestically, but internationally as well, says CardData and RAM Research.
Columbus-based Card Services business, a premier provider of branded private label, co-brand, and commercial credit programs, has signed a new multi-year agreement to provide private label credit card services for Cornerstone, a business unit of HSN.
Verifone reported net revenues for the quarter ended April 30th were $490 million, compared to $466 million a year ago, a 5% increase. the Company says more certified solutions and offerings is beginning to yield benefits.
Coupa Software announced a strategic alliance with MasterCard. The partnership, which has been formed through MasterCard’s Commercial Products and Enterprise Partnerships teams, aims to develop a set of services that further enhance the payment experience of Coupa’s more than 500 customers.
Commerce Bank has come together to offer Rewards credit card programs with more than ten organizations across the country. A regional bank with dual headquarters in St. Louis and Kansas City, Commerce continues to expand its co-brand credit card portfolio at a national level and establishing relationships in new markets.
SmartBiz is now the exclusive platform for SBA-guaranteed loans for Sam’s Club Business Lending Center, a convenient digital platform for small businesses that eases access to the capital they need with member-exclusive savings of up to 20% on loan fees.
The recent introduction of Samsung Pay and Android Pay as well as India and soon to be announced Brazil mobile payments is having a profound impact on mobile payments forecasts. CardData now expects global m-commerce will soar from $390 billion this year to $1071 billion in 2020.
Pakistan will become the first foreign market to launch the UnionPay mPOS (Mobile POS) service.
Visa and Verifone announced a partnership that will enable merchants to offer their customers a more streamlined, secure purchase experience across digital and face-to-face commerce environments, often referred to as omni-channel commerce.
Starting this fall, MasterPass from MasterCard will provide a simple and secure online shopping experience for the Wayfair family of brands as well as within the mobile apps for Wayfair.com, AllModern, and Joss & Main.
The worldwide wearable device market recorded its eighth consecutive quarter of steady growth in the first quarter of 2015 (1Q15). According to the International Data Corporation (IDC) Worldwide Quarterly Wearable Device Tracker, vendors shipped a total of 11.4 million wearables in 1Q15, a 200.0% increase from the 3.8 million wearables shipped in 1Q14.
American Express is juicing up its Starwood Preferred Guest (SPG) Credit Card in August. With the enhanced product benefits, the new annual fee will increase from $65 to $95 effective August 11, 2015. The first year of Card Membership is free and $95 annually thereafter.