The major Visa and MasterCard credit card players ruled U.S. purchase dollar volume (PDV) in 2014, with the top 5 issuers controlling more than half of the market, the top 10 issuers holding a 80% share and the top 50 maintaining an 91% share, according to CardData.
The nation’s #1 Visa and MasterCard issuer continues to struggle with growth in purchase dollar volume (PDV) and growth in credit card outstandings. However, RAM Research projects Chase will deliver $114.7 billion in PDV and $126.3 billion in outstandings for the first quarter.
Visa’s (VS) Asia Pacific (AP) region Purchase Dollar Volume (PDV) growth slowed down year-on-year (YOY) to 10.6%, on a local currency basis, in the fourth quarter (Q4/14) to US$359 billion, compared to a 14.4% YOY growth rate in Q4/13.
UnionPay International and the Central Bank of UAE inked an agreement over ATM cooperation recently in Abu Dhabi, agreeing to enable UnionPay card acceptance by all ATMs in the UAE for cash withdrawal and balance inquiry.
More than nine out of ten finance professionals firmly believe EMV cards will be effective in reducing POS fraud. In addition, 61% believe chip-and-PIN will be the most effective authentication method in mitigating credit/debit card payments fraud.
The choice for the best Customer identification authentication (CIA) software requires thoughtful considerations for the specific needs of a business. One given is authentication methods should be deployed consistently across channels and modes.
Single order management solution (OMS) to support a unified commerce experience across all channels will gather stream over the next three years. It is estimated 250% more retailers will transition to a single OMS.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Lisa Shields, is President & Chief Executive Officer of Hyperwallet Systems.
Among the most trusted and enduring brands in financial services for 2015 is Visa, Chase, BB&T and PayPal. Twelve brands, including Visa have been ranked #1 in equity within their respective categories for 5 or more years in a row.
Smartphone solutions will drive the biometrics market for the foreseeable future. Existing smartphone hardware provides a relatively stable foothold for some authentication modalities but rapid advances in the biometrics field will drive further smartphone hardware upgrades.
CardWeb.com’s CardWatch database of more than 57,000 marketing items today features the Walmart Credit Card ‘Own the Season’ TV ad.
In today’s CardFlash News Que: INAUTH (Bain); ASIAPAY (Semafone); EMAZZANTI (EMV); and PAYSYS (NewNet).