CardWeb.com’s CardData financial database projects Visa and MasterCard U.S. Payment Dollar Volume (PDV) will top $1 trillion for the first time in the second quarter of 2015. Currently, U.S. credit card PDV is growing 10.9% annually, U.S. debit card PDV is expanding 7.6% annually.
Citibank continues on its strategy to streamline its Global Consumer Bank and is actively seeking a buyer for its credit card business in Japan. Citi announced on Christmas Day it reached a definitive agreement to sell its retail banking business in Japan to Sumitomo Mitsui Banking.
NY-based ISO iPayment, serving 153,000 U.S. merchants, completed exchange offers and consent solicitations in the amount of $509 million. The move will significantly reduce debt and improve cash flow.
Chinese tourists purchasing power in South Korea has driven China UnionPay (CUP) to become the #1 foreign card brand in the country. About 90% of the spending by Chinese tourists in South Korea is through UnionPay cards.
PA-based Dynamics is set to unveil the first and only functional interactive payment card January 6th at the Las Vegas CES event. Dynamics produces and manufactures intelligent powered payment cards and advanced payment platforms.
San Jose-based ThreatMetrix says its Network stopped more than 11.4 million attempted fraudulent transactions during the 2014 holiday shopping season. The Network analyzes more than 850 million monthly transactions, and protects more than 210 million active user accounts across 3,000 customers and 15,000 websites.
AZ-based Electronic Commerce International (ECI) has introduced a multi-layered suite of security and compliance services built to safeguard businesses against fraud, credit card data security breaches and to assist with PCI compliance.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Todd Wilkinson, President and Chief Executive Officer of Datacard Group.
In 2014 government agencies spent almost $26.4 billion in 2014 through 90 million transactions, mostly with the GSA SmartPay Purchase Card. There are currently over three million government purchase cards in circulation.
Denver-based payment processing specialist Vogogo has completed the acquisition of all of the issued and outstanding shares of Vanado consulting and payment services.
A new Iowa-based company is deploying the first Bitcoin ATM in Iowa. Leverage Holdings offers technology solutions in the areas of crypto-currencies.
Experian is now now offering its members FICO Scores through its direct-to-consumer products. The FICO Score is front and center as the first in a series of new Experian product enhancements that will be integrated over the next 18 months.