Gross dollar volume (GDV) for Visa, MasterCard, American Express and Discover cards (credit + debit) globally rose 9.8% on a currency adjusted basis (FX). MasterCard led the pack with a 12.1% year-on-year (YOY) global GDV (FX) increase, according to CardData.
First Data reported its Merchant Solutions segment revenue for Q1/15 was $888 million, up 4% year-on-year (YOY), adversely impacted by 1% due to the sale of Electronic Funds Source (EFS). Merchant acquiring revenue increased 6% YOY due to transaction growth and revenue from the Company’s merchant suite of solutions.
Advanced predictive analytics delivered at various touch points in a true omni-channel solution is now a reality. Toshiba Global Commerce Solutions and SAS have come together to bring visualization and predictive analytics to the retail industry.
A new quarterly Index will quantify the friction in the online cross-border purchasing process. The report provides detail on merchant preparedness to handle the needs of international shoppers and offers suggestions on how merchants can capitalize on the growing opportunity in the global online marketplace.
MasterCard is beefing-up MasterCard Business Network by putting c-suite level information at business owners. MasterCard Business Network 2.0 was built in collaboration with and is powered by BCSG, a cloud solutions provider which supports small business clients around the world.