Purchase dollar volume (PDV) for Visa, MasterCard, American Express and Discover cards (credit + debit) in the U.S. climbed 7.8% year-on-year (YOY) in Q1/15 reaching $1.1 trillion. Visa led the way in the first quarter posting a 9.0% YOY gain for U.S. PDV, according to CardData
MoneyGram may have turned the corner following the loss of the Walmart account as U.S.-to-U.S. transactions declined 37% in Q1, compared to a 40% decline in the fourth quarter. MoneyGram says lower pricing and self-service products in December was the primary driver.
Austria’s BAWAG PSK has become one of the first banks in Europe to introduce cardless cash withdrawals at ATMs in all its branches. The technology enabling the new service is Wincor Nixdorf’s software platform PC/E with a smart client component that runs on the ATM, and a server component that authorizes the withdrawal via the code.
Tokyo-based Mitsubishi UFJ Financial Group (MUFG) has ankled Kanetsugu Mike to oversee MUFG’s businesses in the U.S. , Latin America and Canada. The leading credit card issuer created the position of Regional Executive for the Americas.
The latest hacking victim is TX-based Sally Beauty stores. The company says it is currently investigating reports of unusual activity involving payment cards used at some of its U.S. Sally Beauty stores.
American Express has corralled nine major U.S. merchants to form the first U.S.-based coalition loyalty card program. The new Plenti card and/or FOB can be used any form of payment that the partner accepts at checkout – cash, credit, debit or prepaid and offers cardholders the ability to double-dip with other rewards payments cards.
U.S. small business optimism is reaching a fever pitch in 2015, soaring 33% since 2009 following the depth of the Great Recession, but businesses still struggle with attracting and retaining customers.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Tom Kiernan, Chief Executive Officer of ClickPay.
The migration to EMV chip cards may not be completed until sometime in 2018. A new survey of the big card issuers finds 98% of their credit and debit cards will contain EMV chips by the end of 2017.
Visa has introduced an EMV toolkit to help business owners manage the transition to chip technology for credit and debit cards. VisaChip.com/BusinessToolkit provides merchants with a 10-step implementation guide, downloadable tools and resources, and a module to train employees on accepting chip cards at the point-of-sale (POS).
CardWeb.com’s CardData database of Company Profiles today features SafeCharge.
MasterCard is beefing-up MasterCard Business Network by putting c-suite level information at business owners. MasterCard Business Network 2.0 was built in collaboration with and is powered by BCSG, a cloud solutions provider which supports small business clients around the world.