Visa Europe’s owners, including 3,078 banks and payment providers from 37 European countries, are mulling a sale to Visa, Inc. The deal would be valued somewhere between $15 billion and $20 billion.
Capital One (COF), the nation’s fastest growing major credit card issuer, is also posting the highest yields, besting competitors by 200 basis points (bps) in the first quarter. However, COF has the highest delinquency and charge-offs, hallmarks of the sub-prime exposure, according to CardData.
Jakarta-based Bank Mandiri, one of the largest state banks in Indonesia, and JCB have inked a deal for the acceptance of JCB cards at Mandiri’s ATMs and EDC. A payment card issuing deal is also on the table between the two giants.
Spain’s largest bankcard transaction switching network ServiRed and its member Bankia have inked a deal with China’s UnionPay International to enable the acceptance of UnionPay cards by all the ATMs and merchants under Bankia.
CardWeb.com’s CardPixes database of more than 7,000 images today features the Epos Card Visa.
Colombes-based Oberthur Technologies will unveil tomorrow in Dubai the SMART PREMIERE line, a unique range of luxury payment cards to target affluent customers.
Heartland Payment Systems is removing card data from the payment transaction, providing restaurateurs with protection against point-of-sale (POS) intrusions, insider misuse, and other common sources of data fraud by eliminating the opportunity for criminals to capture and monetize card data.
Wells Fargo Bank’s implementation of rigid sales quotas drove employees to open unauthorized accounts for customers, resulting in bogus fees and damage to their credit so says a major lawsuit.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Rick Wilson, President of Miva.
Chargebacks911 says cyber shoplifting is the reason behind a freeze on new hires by Alibaba. The Company says it is seeing a rise in friendly fraud, and this inherently suggests that more and more consumers are lying to convince their bank to file a chargeback.
CardWeb.com’s CardConferences today features the mPOS WORLD CONFERENCE, June 30-July 1, 2015 in Frankfurt, Germany.
Wirecard is providing the E-Money and license as well as the technical platform needed to manage the Orange Cash mobile payment application in Spain. Users of Orange Cash can now make mobile payments at any contactless Visa terminal in more than 530,000 stores across Spain and at 2.4 million acceptance points throughout Europe.