The total number of global Visa and MasterCard cards-in-force (CIF) rose 4.4% in 2014 to 3.8 billion in the fourth quarter. Visa ended 2014 with 2.4 billion, up 7.2%, while MasterCard with 1.4 billion was flat Y/Y.
American Express lost a major court decision over its rules that prohibit merchants from telling customers they prefer to accept one card over another. AmEx previously said if the lose the case it will materially affect their business.
A major development for Samsung as it agreed to acquire LoopPay. LoopPay is accepted at more merchants than any other digital wallet solution.
Visa Checkout will grow from 10 countries to 16 countries by the end of 2015. Over three million Visa Checkout accounts have been created to date.
The Asian American Hotel Owners Association (AAHOA), the largest hotel owners association in the world will be offering a co-branded MasterCard with First Bankcard.
Poland’s Getin Bank is set to NFC payments relying on Oberthur’s HCE (Host Card Emulation), a cloud-based protocol simplifying mobile contactless payment implementations. HCE was introduced on Android platforms at the end of 2013.
USA Technologies reported total revenue and license fees climbed 21% year-on-year in the fourth calendar quarter. USAT also announced it executed an agreement on February 13th with an equipment leasing company to finance its QuickStart program.
TouchSuite has developed the first-ever point of sale solution fully integrated with synchronized, commercially viable EMV processing capabilities for the U.S market. It is now available on the U.S. merchant market exclusively through its Firefly system.
Only 42% of credit cardholders are accumulating travel rewards points or airline miles. However, credit card sign-up bonuses are 25% more generous this year.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Malcolm McRoberts. Senior Vice President, Small Business Services of Deluxe.
Luxembourg-based Yapital is expanding its cooperation network in the payment ecosystem with industry specialists TeleCash, ICP and cardtech (network providers) and with CCV and ICP (terminal producers).
MasterCard has teamed with Silicon Valley Bank to encourage startups doing business in the USA to apply for Commerce.Innovated. The program helps commerce-focused startups grow their businesses.