MasterCard (MC) first quarter profits rose 17.2% year-on-year (YOY) or 24.0% on a currency adjusted basis (FX) to a record $1020 million. Global purchase volume rose 12% (FX) to $783 billion and end-of-period (EOP) global cards-in-force (CIF) hit 2.2 billion.
GA-based acquirer TSYS reported a solid first quarter as total revenues for hit $662.2 million, an increase of 11.7% over the prior year.Income from continuing operations was $77.8 million, a whopping year-on-year (YOY) increase of 57.7%.
Digital currency acceptance is getting a big boost among European merchants as Amsterdam-based Coinzone will introduce this summer a new web-based wallet that will let users send, receive, buy and sell Bitcoin. Android and iOS apps will enable users to manage and authorize their Bitcoin transactions while on the move.
Transaction Network Services (TNS) is empowering acquirers and processors across Asia and Australasia with GPRS and 3G roaming for point-of-sale (POS) terminals. TNS partnered with Sydney-based Global Wireless Access (GWA), a multi-carrier, domestic roaming SIM solution optimized for wireless payment terminals.
Apple Pay is on a major winning streak this week after corralling Best Buy in its fold, watching the Merchants Customer Exchange (MCX) implode as its CEO hits the door and finally coming to terms with Discover.
Tillster and PayPal have linked to offer the payment option in Tillster’s branded mobile applications and leverage PayPal as a funding option across Tillster’s branded and owned assets.
Pasadena, CA-based Green Dot has picked MasterCard to be the transaction processor and network gateway for all Green Dot Bank-issued deposit accounts, including the bank’s debit card products.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Brian V. Mooney, Interim Chief Executive Officer of the Merchant Customer Exchange.
Ingram Micro and Powa Technologies signed a deal to distribute the PowaPOS tablet-based POS hardware in Latin America and the Caribbean. The two companies recently inked an Asia-Pacific partnership.
CardWeb.com’s CardConferences today features the ACFE GLOBAL FRAUD CONFERENCE, June 14-19, 2015 at Inner Harbor in Baltimore, Md.
CardWeb.com’s CardData database of Company Profiles today features India’s Ezetap, a specialist in payments platforms.
A new study has found 49% of retailers have seen their payment costs increase in the past 18 months while 56% expect them to keep rising. Also, 93% of retailers believe consumers want a broader choice of payment tools.