The four top U.S. payment networks Gross Dollar Volume (GDV) for credit and debits cards combined for the fourth quarter (Q4/14) will likely rise 6.9% year-on-year (Y/Y) to $1398 billion. Based on current economic and industry metrics, U.S. payment card GDV will approach $1500 billion in Q4/2015.
The Debt Service Ratio (DSR) of American consumers continues to hover in single digits during the third quarter. The slowdown in credit card debt, the migration to more debit card use and very low mortgage rates, are major factors in the DSR decline.
Nine Polish banks will commercially launch Visa cloud-based mobile contactless payment services in the first quarter. Close to 70% of Visa cards in the European market have contactless functionality, with the technology accounting for more than 40% of all Visa payments in Poland.
NJ-based Heartland Payment Systems has become the first processor to offer a comprehensive warranty that protects businesses from payment card breach losses in the event of a breach. Heartland Secure technology materially reduces the opportunity for criminals to monetize AES (Advanced Encryption Standard) encrypted card data.
Verifone’s newest mPOS terminal frees merchants from consumer technology upgrade cycles and adapts to multiple OS options. The new PAYware Mobile e355 is a flexible, long-lasting device that can accommodate different form factors and outlive smartphone and tablet models.
About 650% more retailers will support EMV (Europay, MasterCard and Visa) by October 2015. A new survey suggests while EMV is getting lots of attention,it’s not the Holy Grail in the defense against credit card hackers.
NCR’s newest FastLane SelfServ checkout solutions can be used as a free-standing self-checkout kiosk, installed on a countertop or even mounted on a wall. In a recent study of consumers in nine countries, 90% revealed they use self-checkout technology.
Among the newest Panasonic’s products for 2015 is the Toughpad FZ-R1, the industry’s first*1 7-inch all-in-one mobile POS tablet running Windows 8.1 for retail environments and to meet the changing omni-channel customer expectations while providing secure transaction capabilities.
Cincinnati-based Vantiv has approved Verifone’s Secure Commerce Architecture (SCA) solution for connecting Verifone’s line of commerce-enabled MX 900 payment terminals directly with Vantiv’s class leading processing platform.
KWI cloud solutions launched its contactless Apple Pay digital wallet for its KWI Cloud 9 Mobile POS platform. This includes the addition of the VeriFone PAYware Mobile e315 and e335 sleds to KWI’s product offering which supports the Chip & Pin/ EMV retail industry’s requirement for later this year. KWI continues to be the industry leader with 60+ specialty retailers running the KWI Cloud 9 Mobile platform. “Our acquisition of the source code and the associated patent licenses in January, 2014 from Verifone has enabled KWI to quickly roll out new enhancements providing our clients with an early-to-market advantages in delivering a world-class customer experience”, states Sam Kliger, Founder and CEO, KWI. The KWI Cloud 9 Mobile platform is available for use with the Apple iPad, iPad Mini,or iPod Touch and is designed, developed and delivered wholly by KWI.
A trio of payment firms have teamed to offer a more flexible and convenient way for small- and mid-sized businesses (SMBs) to pay their vendors. Comdata, Behalf and MasterCard says their collaboration will help SMBs to improve their cash flow and extend payment terms.
NYC-based Brightbox is powering this week’s NRF with its new Brightbox Mark3 mobile charging platform. Users simply swipe a credit/debit or complimentary card to open an available station chamber, plug in their mobile device, close the chamber and return later to swipe the same card to retrieve their charged phone.