Purchase Dollar Volume (PDV) on U.S.-issued debit cards jumped 7.6% year-on-year (Y/Y) in the third quarter of 2014 (Q3/14) to $452 billion, according to CardData.
Credit Unions say The Home Depot data breach cost them dearly, to the tune of $57.4 million. About 7.2 million credit union debit and credit cards were affected by the breach.
Prepaid card specialist Green Dot reported a 6% year-on-year (Y/Y) gain in revenues. Income increased 127% to $13.9 million for the third quarter.
A new survey finds nearly half of all UK card users viewcontactless cards as one of the least secure methods of payment , behind mobile payments at 71%. Also, despite industry claims that contactless cards are now widespread, 71% stated that they still do not have a contactless-enabled card in their wallet.
Atlanta-based Parkmobile USA has inked an agreement to establish a joint venture with SP Plus. The joint venture will combine two parking transaction engines.
Omaha-based Financial Transmission Network has introduced ETran Mobile to enable companies to unlock the power of mobile payments and work toward the strategic goal of simplifying receivables to process and post from a single platform.
Fuel card specialist FleetCor Technologies reported total revenues increased 31% to $295.3 million. Net income increased 21% to $95.5 million.
The nation’s fifth largest payments processor reported record third quarter net revenue of $169.4 million, up 10.5% from the third quarter of 2013. Heartland Payment Systems also reported same store sales rose 1.8% and volume attrition was 12.6% in this year’s third quarter.
Western Union reported third quarter revenues increased 2% compared to the prior year period, or 5% on a constant currency basis. Operating income for the quarter rose 6%, despite increased costs from compliance activities.
Mercadotecnia Ideas y Tecnologia is now going to offer CardinalCommerce’s Universal Merchant Platform, Centinel, to its merchant-customers throughout Mexico.
CardWeb.com’s CardExecs database of card industry movers and shakers today features Ram Chary, Chief Executive Officer of Global Cash Access. GCA is a cash access provider of products and related services to approximately 1,000 casinos and other gaming properties globally.
Atlanta-based Sionic Mobile has added Visa Checkout as a safe and convenient payment option to its ION Rewards application for smartphones and tablets.