New exponential smoothing analysis shows purchase transactions for U.S. Visa and MasterCard debit cards will slow to 7.5% in the second quarter, compared to 7.7% in the first quarter.CardData and RAM Research says U.S. credit card purchase transactions are quickly ramping up this quarter.
MasterCard (MC) U.S. credit card dollar volume (PDV) will rise 7.7% year-on-year (YOY) in Q2, driven by solid gains in U.S. debit cards. MasterCard is outpacing Visa in all payment products not domestically, but internationally as well, says CardData and RAM Research.
Oberthur Technologies (OT) has completed its acquisition of Prodo Telecom. Prodo Telecom is one of the few companies exclusively specialized in Over-The-Air (OTA) platforms.
Toronto-based Virtual Next has teamed with Global Payments to offer its Canadian merchants a new mobile payment, loyalty, promotion and gift card service.
Columbus-based Card Services business, a premier provider of branded private label, co-brand, and commercial credit programs, has signed a new multi-year agreement to provide private label credit card services for Cornerstone, a business unit of HSN.
Verifone reported net revenues for the quarter ended April 30th were $490 million, compared to $466 million a year ago, a 5% increase. the Company says more certified solutions and offerings is beginning to yield benefits.
Coupa Software announced a strategic alliance with MasterCard. The partnership, which has been formed through MasterCard’s Commercial Products and Enterprise Partnerships teams, aims to develop a set of services that further enhance the payment experience of Coupa’s more than 500 customers.
Commerce Bank has come together to offer Rewards credit card programs with more than ten organizations across the country. A regional bank with dual headquarters in St. Louis and Kansas City, Commerce continues to expand its co-brand credit card portfolio at a national level and establishing relationships in new markets.
SmartBiz is now the exclusive platform for SBA-guaranteed loans for Sam’s Club Business Lending Center, a convenient digital platform for small businesses that eases access to the capital they need with member-exclusive savings of up to 20% on loan fees.
Powa Technologies has gone to bed with S-Cubism Technologies to become the first Japanese-based POS software provider to complete integration with its PowaPOS tablet-based hardware. The full-featured solution will use its EC-Orange POS for iPad and Windows, and is available from Billing System Corporation, a leading payment gateway and reseller.
Visa and Williams-Sonoma announced that Visa Checkout, the online check out service that Visa launched less than a year ago, is now live online at Williams-Sonoma, America’s leader in high-quality cookware and tools, electrics and entertaining essentials. With Visa Checkout, Williams-Sonoma customers now have a fast, easy and secure way to pay online.