Visa’s CyberSource unit racked up more than 2.19 billion transactions in the fourth quarter, up 16%, but continues to slow year-on-year.
The nation’s fifth largest payments processor reported record record quarterly net revenue of $188.3 million, up 26.2% from the fourth quarter of 2013. Heartland Payment Systems says same store sales rose 3.9% and net volume attrition fell to 10.7% in the fourth quarter, the best performance for each metric in over 5 years.
Cards-in-Force (CIF) in Bahrain grew at a compound annual growth rate (CAGR) of 5.49%, increasing from 830,360 cards in 2009 to 1.0 million in 2013. In terms of transaction value, payment cards reached BHD1.1 billion (US$3 billion) in 2013, after registering a CAGR of 17.37%.
The SEQR mobile wallet has developed plugins facilitating the implementation of online mobile payments on Mageto, OpenCart, PrestaShop and WooCommerce.
Visa is expanding the use of new security technology that replaces the traditional 16-digit Visa account number with a unique series of numbers, helping to prevent exposure of sensitive consumer account information in online and mobile payments.
More than 1,500 data breaches led to one billion data records compromised worldwide during 2014. These numbers represent a 49% increase in data breaches and a 78% increase in data records that were either stolen or lost compared to 2013.
Silicon Valley, CA-based bill.com has closed a $50 million financing round. Bill.com provides a suite of digital payments solutions that make bill payment and invoicing processes painless.
MasterCard is greatly beefing up investments in cybersecurity-related technology enhancements to the tune of $20 million.
Apple Pay is headed skyward as JetBlue will become the first major domestic carrier in the U.S. to accept Apple Pay on flights.
PA-based JetPay Payment Services has helped WePay to successfully launch its Canadian Operations. WePay is the leading provider of integrated payment services to crowdfunding sites, small business software and online marketplaces.
One of the largest financial institutions in the Netherlands is now offering its customers an easy-to-use, secure and private mobile payment system. Rabobank is now offering a mobile wallet with secure payment app from G&D.
American Bill Pay and American Benefits Foundation are getting slammed again by the FTC. Two new defendants have been named in a case against a phony debt relief and credit repair scheme.