eBay’s PayPal net total payment volume (TPV) for the first quarter grew 18% year-on-year (YOY) to $61.4 billion. PayPal gained 3.7 million new active registered accounts to end the quarter at 165.2 million, up 11%
Purchase Dollar Volume (PDV) for Visa, MasterCard, Discover and American Express U.S. debit cards is expected to reach $2.7 trillion annually by year-end 2019. According to forecaster RAM Research, the U.S. PDV for the U.S. debit card industry is growing at a CAGR of 7.70%.
China is finally opening up its credit card clearing market to outside players. As of June 1, foreign firms will be able to set up clearing companies within China and apply to the central bank for a license to operate domestically.
Japanese advertisers will soon be able to close the loop and reward customers for in-store transactions, in order to drive more sales from international shoppers. Currently, advertisers in Japan can only provide such services when shoppers make purchases online, but not in physical stores.
San Francisco-based Cointent has raised $1 million in its initial funding to become a provider of micropayments to online publishers. The service would enable online content providers to sell individual articles, songs, videos, etc for as little as five cents.
FL-based Debt.com has unveiled a new money map the ranks the current financial literacy and consumer debt behaviors of every state in the country by combining three major factors. The factors include: how well people in each state perform on financial literacy quizzes, financial habits and state laws on teaching the subject.
Middle market companies’ optimism about the national economy exceeds the outlook for their local economy and industry performance. About two-thirds (68%) of middle market companies are optimistic about the U.S. economy, compared with 54% in 2014.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Timothy Cheung, president and CEO of Datacard China.
NJ-based Paydunk is rolling out its new ecommerce app to be in stores May 1. Currently the company has 11 small online retailers ready to use Paydunk.
CardWeb.com’s CardData database of Company Profiles today features Equinox Payments.
CardWeb.com’s CardConferences today features the NBPCA’S POWER OF PREPAID 2015. June 10-12, 2015 at the Washington Marriott Wardman Park in Washington, D.C.
PA-based USAT Technologies continues on its path to reaching its three-year goal of 500,000 connections. The Company is the top provider of wireless, cashless payment and M2M/IoT solutions for small-ticket, self-serve retailing industries.