MasterCard’s net income will likely top a record $1.2 billion in the first quarter of 2016. Forecaster RAM Research predicts MasterCard net income for the second quarter will be $1091 million, due to the continued strengthening of the U.S. dollar.
Visa’s quarterly net income is projected to slow for this year and hover at the $1.5 billion mark in the fourth quarter and the first quarter of 2016. Forecaster RAM Research predicts Visa net income for the first quarter will be $1504 million, due to the continued strengthening of the U.S. dollar.
NY-based Transfast has launched mobile and online money transfer services to nine banks in Pakistan. Pakistan attracted about US$17 billion in remittances in 2014, making it the seventh-largest remittance market in the world.
Verifone’s end-to-end encryption and tokenization solution has been vetted against PCI Data Security Standard (DSS) requirements. VeriShield Total Protect protects merchants, payment providers and consumers alike.
Jim Battista is back and has helped form the new Factor4 business to offer gift and loyalty solutions to merchants. The Company has acquired the book of business containing over 11,000 gift and loyalty customers from SparkBase.
MasterCard has launched a new disruption to the payments ecosystem with the launch of MasterCard Send. MasterCard Send is the only personal payments service that can reach virtually all U.S. debit card accounts and enable funds to be sent and received typically within seconds.
Digital payments are coming of age as Visa Checkout increases consumer engagement and higher order values for online merchants. A new report from comScore found that Visa Checkout shoppers convert to online buyers at a rate of 69%.
Chicago-based Vibes’ Catapult Wallet Manager platform now supports Apple Watch. Vibes sends more branded content (coupons, loyalty cards, etc.) to Passbook than any other tech company.
NY-based HYPR is releasing its Biometric Security Integration Kit, an end-to-end biometric security suite intended for developers and manufacturers across the ever-expanding Internet of Things (IoT). The kits are expected to ship in July in the U.S., Canada, and Europe.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features John Perry, Chief Executive Officer of Bluefin.
CardWeb.com’s CardData database of Company Profiles today features BitPay.
Global discretionary spending intentions declined or remained steady in the first quarter across all lifestyle categories. While confidence across global regions remained relatively stable in the first quarter, there is considerable variation across different markets.