If the Federal Open Market Committee (FOMC) moves interest rates upward then bank credit card interest rates are set to move into the 30%+ territory among the nation’s top issuers. Over the past year, with no movement in the Prime Rate, overall rates have been climbing.
On a non-currency adjusted basis, Purchase Dollar Volume (PDV) in Canada for Visa and MasterCard payment cards rose 11.9% Year-on-Year (YOY) in Q4. On an adjusted currency basis Visa was up 7.9% YOY and MasterCard grew 12.6% YOY in Q4/14.
Purchase Dollar Volume (PDV) on U.S.- issued debit and credit cards by Visa (V), MasterCard (M), American Express (A) and Discover (D) will likely rise 7.2% in the first quarter to $1093 billion, says forecaster RAM Research.
Yangon-based Myanmar Payment Union (“MPU”), the national payment network of the Republic of the Union of Myanmar has inked a deal for MPU member banks in Myanmar to issue MPU/JCB co-branded cards linking to their customers’ saving bank accounts.
Northern England-based Heron Foods will deploy Payment as a Service from Verifone at all of its 248 stores. The platform is certified by the PCI SSC as an approved Point-to-Point Encryption (P2PE) solution.
The largest ATM network in the Hong Kong and Macau region has commercially launched mobile NFC services. JETCO will deploy Gemalto’s Allynis Trusted Services Hub (TSH
A top online provider of small business loans has buddied with MasterCard to expand
access to working capital for Small- and mid-sized businesses (SMBs).
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Drew Mize, Chief Operating Officer of Pinnacle Corporation.
In today’s CardFlash News Que: STARBUCKS, MASTERCARD, ACCESS PAYMENT SYSTEMS; NACHA; PCIPOLICY; AERPASS; AND NATIONAL FARMERS UNION.
Munich-based PAY.ON and CA-based Planet Payment have buddied to enhance Planet Payment’s international service offering with PAY.ON’s innovative gateway solutions. Planet Payment anticipates launching the service in the second quarter.
CardWeb.com’s CardPixes database of more than 7,000 images today features the Diamond Resorts MasterCard from Barclaycard USA.
More than 5 million businesses in the UK can accept Bitcoin transactions, through an efficient system which offers a proven method for businesses to reach new customers on a global scale. Utilizing Bitcoin provides merchants with a myriad of benefits, which include zero fraud and zero chargebacks.