Discover continues to outpace the top Visa and MasterCard issuers with solid growth in fourth quarter outstandings. However, Discover’s gross dollar volume (GDV) rose 4.4% to $33.2 billion, below the average for the Big 4 Visa and MasterCard issuers.
American Express (AmEx) reported U.S. card service after-tax income declined 23.1% year-on-year (Y/Y) in the fourth quarter (Q4/14) to $665 million, compared to $864 million one-year ago.
eBay’s PayPal net total payment volume (TPV) for the fourth quarter grew 24% to $64.3 billion. PayPal gained 4.6 million new active registered accounts to end the quarter at 161.5 million, up 13%.
China Construction Bank (CCB), a major commercial bank in China, is launching Japan Traveling Credit Card with JCBI targeting Chinese who travel to Japan. CCB will start issuing the new card later this month.
Payment cards in Cambodia have rocketed by a
a compound annual growth rate (CAGR) of 26.31% since the “Great Recession”. At year end 2014, the cards-in-force (CIF), debit and credit, have topped 1.5 million.
Sweden’s SEQR has forged a deal with MD-based FMS Solutions to offer retail grocery and independent supermarket clients a means for their customers to pay by smartphone.
Ingenico and Beamm, makers of cloud-connected POS and commerce technology for small businesses, launched the smart tabletPOS, combining powerful tablet POS software integrated with cloud-based tools to help merchants ring up sales, manage their business, engage customers and drive revenue.
TSYS and Ingenico have buddied to offer merchants a seamless and secure solution for accepting all payment types, including magnetic stripe, EMV, NFC and Apple Pay. TSYS is the first processor to Class A certify Ingenico Group’s new PCI 3.0-certified smart products ” the iCT 220 Contactless and iPP310 PIN pad.
Chicago-based Raise, a major marketplace for gift cards, raised $56 million in a Series B funding, bringing total funds raised by the company to $81 million. Last year the start-up sold more than one million gift cards.
Judo Payments mobile-first payments platform has successfully closed an additional £6M in funding for expanding its mobile commerce, led by Route 66 Ventures. They also announced partnerships with KFC for online payments. Last year Judo partnered with coffee chain Harris + Hoole to produce an award-winning app, “Retailer of the Year” at Payments Awards 2014, that allows customers to pay without having to touch, tap or scan at the counter. The £6M extra investment will be used primarily to increase the resources of the team as Judo looks to expand its existing business and products in Europe and enter into new geographic territories later this year. The Judo platform offers mobile-specific fraud prevention and API level transaction routing.
Chicago-based Performics, a data-driven performance marketing services firm, has ankled Scott Shamberg as President of Performics U.S.
The Company says Scott takes the reins at Performics U.S. in the midst of a revolution in the consumer discovery and purchase process.
Misys signed an agreement with tcmpartners making it a member of Misys InFusion Partner Program. It’s partnership will cover Mexico, Colombia, Chile and Peru, as well as in European markets, that include Spain, Portugal, and Andorra. tcmpartners specialises in assisting financial institutions address complex financial systems needs involving regulatory requirements, system selection, customisations and implementation. Its extensive understanding of the Latin American region enables the company to provide local and tailored market knowledge. tcmpartners will implement Misys solutions for Capital Markets, Risk Management and Investment Management rapidly and effectively.