U.S. Visa (VS) and MasterCard (MC) credit card U.S. Gross Dollar Volume (GDV) is expected to top $515 billion in the fourth quarter. In the third quarter VS and MC credit card GDV grew 10.7%.
Purchase Dollar Volume (PDV) on U.S.-issued debit cards by Visa (V) and MasterCard (M) is expected to slightly increase in the fourth quarter to $477 billion. Debit PDV jumped 7.6% year-on-year (Y/Y) in the third quarter of 2014 (Q3/14) to $452 billion, according to CardData.
Chargebacks911 has landed Michael Caruana as Vice President of Business Development who will run its New York office. Carrion has 20 years’ experience with MasterCard, ReD and SilverTail.
Toronto-based Nexonia has integrated SmartScan receipt capturing technology into their the Nexonia Expenses product. The new SmartScan add-on feature is available on both Android and iOS mobile devices and can be enabled on any Nexonia Expenses customer subscription.
ME-based CashStar has teamed with PayPal to integrate CashStar-powered digital gift cards from its large network of top retailer and restaurant brands in the eBay marketplace and the PayPal Digital Gifts store.
Newton Aycliffe-based Stiller Warehousing and Distribution has switched its fuel cards to Scotland-based The Fuel Card Group’s Dieselink. One reason is both companies are achieving ISO 9001 and ISO 14001 certification.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Stanley Linkous, Senior Vice President for Primax.
Staples says the breach that occurred this past summer affected 1.16 million credit and debit cards. Staples’ data security experts detected that criminals deployed malware to some point-of-sale systems at 115 of its more than 1,400 U.S. retail stores.
AZ-based 5th Dimension Logistics has added the Card Account Updater feature to its 5th Dimension Payment Gateway. The Account Updater enables merchants to automatically retrieve updated credit card information when consumer’s cards expire while subscribed to a recurring billing plan.
The latest American Express Spending & Saving Tracker finds
more than three in four Americans find re-gifting socially acceptable. Also, the day after Christmas is becoming a more popular day to hit the stores than Black Friday.
Ticketmaster is supporting Apple Pay with the latest update to its iOS app. Ticketmaster fans will be able to make quick, convenient and secure purchases using Apple Pay with Touch ID, making shopping easier than ever.
Cloud-based technology provider ShopKeep is integrating the email marketing platform MailChimp. The integration allows ShopKeep merchants to engage with their most loyal customers through customized email messages based on insights into their purchase behavior.