International (excluding the USA) Gross Dollar Volume (GDV) for Visa (VS) and MasterCard (MC) debit cards rose 2.3% year-on-year (Y/Y) in the fourth quarter (Q4/14), on a dollar basis. On a local currency basis MC’s growth in Q4/14 international debit cards GDV growth outpaced VS by 11 percentage points, according to CardData.
Gemalto launches a stronger mobile solution in Japan to fight “Ore-Ore” (“it’s me, it’s me”) scams wherein swindlers extort money from their victims using a variety of social engineering and fraudulent schemes.
Building on the success of the it Card, Discover has added a new Miles it Card to its arsenal. The no annual fee card is loaded with rewards earning opportunities.
Nearly three times more retailers plan to deploy mobile POS in the next two years and and 350% more retailers plan to support NFC payments by October 2015. Also, 200% more retailers plan to use geolocation within three years.
Retail sales are expected to grew between 4.1% this year, up 17% over 2014. It represents the biggest annual growth since 2011 when retail sales for the year increased 5.1%.
The Network Branded Prepaid Card Association (NBPCA) has ankled Brad Fauss as its first in house General Counsel. He has been heavily involved with the NBPCA over the past decade.
New survey finds Canadians took their budgets to heart over the holidays and kept their spending in check. More than six out of ten said they didn’t spend more than they intended.
Chicago-based Vibes has released mobile ad technology that allows consumers to “tap and save” branded content and offers to Apple’s Passbook or Google Wallet directly from a mobile ad.
European Union merchants and service providers can now easily download the PCI DSS (Payment Card Industry Data Security Standards) policy and procedures. Every merchant and service provider that stores, processes, and/or transmits credit card information must become compliant with the PCI DSS.
Two thirds of Canadian credit cardholders ranked security as the most important element of a credit card transaction, surpassing convenience (14%) and speed (10%). Nearly half of credit cardholders report they worry about fraud when shopping online.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Monica French, Senior Vice President of Business Development for Onyx Payments.
Through a partnership with Worldpay, the Rugby Football Union and MasterCard contactless acceptance is coming to all bars and concession stands at several stadia ahead of Rugby World Cup 2015.