A bit mind boggling, but Visa Inc.’s annual global gross dollar volume is nearing the $7 trillion milestone with nearly 90 billion payment and cash transactions in 2013. If Visa Europe (which is separate from Visa, Inc.) was considered it would add at least another $2 trillion. Therefore, the Visa brand could be the $10 trillion “baby” by 2016, according to RAM Research.
First Data January SpendTrend same-store point-of-sale data by credit, signature debit, PIN debit, EBT, closed-loop prepaid cards and checks from nearly four million U.S. merchant locations- serviced by First Data- shows dollar volume growth of 2.5%. This slowed from December’s 3.4% growth as severe winter weather pummeled the Midwest and eastern half of the country,…
Credit and debit card gross dollar volume on Visa and MasterCards in Canada rose 2.7% in 2013 to $383 billion. However, on a constant dollar basis, Visa’s Canadian GDV rose 5.3% to $252 billion and MasterCard’s Canadian GDV, on a constant dollar basis, rose 6.7% to $131 billion. Visa Canada continues to rule the market with a 65.8% market share last year, compared to a 66.0% market share in 2009. Over the past five years Visa’s Canadian GDV is up 39.2%, from $181 billion to $252 billion. During the same period MasterCard has grown by 40.9% from $93 billion to $131 billion.
Merchant Customer Exchange (MCX) today announced that it will add Paydiant’s cloud‐based, white label platform to its custom developed mobile commerce infrastructure. MCX is a group of leading merchants dedicated to improving the shopping experience by offering consumers a widely‐accepted, customer‐focused and secure mobile commerce platform. MCX merchants represent more than 70 prominent brands with 110,000 locations that process more than $1 trillion in payments annually.
Fiserv announced its “Device Manage” device monitoring, performance measurement, and service dispatch and management system is now available as a software as a service (SaaS) solution. Even in a hosted environment, users can still configure Device Manager to fit their needs. Standard reports and dashboards can easily be supplemented with customized reports and queries using an easy-to-use, drag-and-drop report designer. Device Manager provides robust device management capabilities that automate the end-to-end process of detecting and resolving problems across an organization’s self-service device network.
PNC Merchant Services announced a new tablet-based point-of-sale system for restaurant owners/managers, Clover Station from First Data Corporation. It features high-resolution touch screen. cloud technology and allows merchants to process transactions even if the Internet connection is disrupted. It also offers its App Market, allowing new apps for download anytime with options to assign and transfer tables between servers, or to establish special pricing during happy hour. It also simplifies management duties for access to employee timecards, transaction reports and inventory management.
Payfont announced those joining their Advisory Board. They include Professor Lachlan MacKinnon, who currently holds the role of Professor of Computing Science at the University of Greenwich and held the immediate past Chair of the UK National Committee of the Council of Professors and Heads of Computing. Payfont have also brought on board Gordon Moir, an advisor on global regulatory and anti-trust issues, and he was named as one of the UK’s Top 100 Lawyers. The third member of the trio, like Lachlan MacKinnon, is also from an academic background. Bill Buchanan is a Professor of Computing at Edinburgh Napier University, and leads the Centre for Distributed Computing and Security.
GlobalPlatform announced its newest Observer Member, Advanced Card Systems. ACS, a leading supplier of PC-linked smart card readers, has joined GlobalPlatform to contribute to industry efforts towards tighter security, better management and accelerated deployment of secure chip technology. ACS is able to participate in discussions held by the GlobalPlatform Advisory Council and contribute to GlobalPlatform’s task force initiatives. These groups define specific market requirements and assess how GlobalPlatform’s Specifications can be advanced in line with future needs.
NCR announced that China Construction Bank (CCB) Beijing branch has recently implemented NCR Dynamic eLock Management solution ATM electronic key management solution. It restricts the access to an ATM’s safe to only authorized users with an IC (integrated chip) smart key and a one-time password. The software solution will help the bank improve the related risks, efficiency and costs issues brought by traditional manual ATM locks during cash replenishment and while conducting service maintenance. The manual dissemination and management of the keys and passwords has generated high operational costs during cash replenishment and carrying out service maintenance at the ATMs. Electronic smart keys embedded with IC cannot be read without authorization, which can eliminate the risk of key replication. In addition, it is no longer necessary to change safe box lock password regularly, which has relieved a significant amount of work for bank staff.
GlobalCollect announced two of its most senior executives have joined the MRC in key advisory roles. Stephen Buechner, Chief Credit & Risk Officer at GlobalCollect, will join the European Advisory Board. At the same time, Greg Leos, who heads up GlobalCollect’s North American operations as General Manager, will take a seat on the MRC’s Americas Advisory Board. The appointments continue a long-standing relationship between the two organizations, and underline GlobalCollect’s ongoing commitment to support the MRC and its members across the world. The MRC global non-profit organization fully supports and promotes operational excellence for fraud, payments and risk professionals within eCommerce under advisement from industry leaders and merchants.