Cash dollar volume (CDV) has remained relatively flat for Visa and MasterCard credit cards, but has risen 4.8% year-on-year (YOY) on U.S. debit cards, according to CardData.
Global mobile commerce is set to explode more than three fold over the next five years as U.S. NFC payments, consumer tablet adoption and smart wearables take hold. Forecaster RAM Research predicts global m-commerce will soar from $320 billion this year to $995 billion in 2020.
Household spending ramped-up a tad more for Visa Europe in the U.K. during April, jumping 2.0% year-on-year (YOY) and 1.1% sequentially. Furthermore, expenditure growth was also recorded
on both the monthly and quarterly measures, indicating a broad-based improvement in underlying expenditure trends.
The National Bank of Abu Dhabi (NBAD) says McDonald’s diners looking to order online can now pay using MasterCard’s digital service – MasterPass.
American Express announced the launch of American Express Grow Global, a new program to help increase exporting among U.S. middle market businesses.
The largest food retailer in Russia with 10,000 stores, has chosen NCR SelfServ Self-Checkout following a five-way competitive bid.
Wirecard posted first quarter revenue of EUR 159.4 million, up 26% year-on-year (YOY). Transaction volumes processed through the platform increased by 30% to EUR 9.5 billion.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Isabelle Marand, Executive Vice President of Corporate Communication at Gemalto.
Men are twice as likely to use some form of mobile payment compared to women. Plus, millennials are the highest percentage of mobile payment users.
Richard Moulds, the former Vice President of Product Strategy and Marketing for Thales e-Security defects to Boston-based Whitewood Encryption Systems.
CardWeb.com’s CardData database of Company Profiles today features NXP Semiconductors.
Pierre Omidya who founded eBay as a sole proprietorship in September 1995 remains on eBay’s Board following their divorce with PayPal. He has been a director and Chairman of the Board since eBay’s incorporation in May 1996.