The primary second quarter earnings season for payment card industry gets underway on July 14, before the market open, with reports from Chase and Wells Fargo, according to CardData. Visa is slated to report July 23rd after the market close, while MasterCard will release on July 29 before the market open.
One of the nation’s largest commercial card issuer is expected to report $17.8 billion in outstandings and $16.8 billion in purchase dollar volume (PDV) for the second quarter, according to RAM Research. CardData reports U.S. Bank posted an 6.3% year-on-year (YOY) increase in purchase dollar volume (PDV) in the first quarter (Q1/15).
Bank Alfalah and MasterCard recently signed an agreement to bring MasterCard Internet Gateway System (MIGS) to Pakistan. The system connects online merchants and websites with customers by accepting credit cards on the internet.
Gemalto is supplying wristbands embedded with its Optelio Contactless Chip for NFC transport in Wuhan, China. The capital of Hubei province, Wuhan is one of the most populous city in central China with a population of over 11 million.
There is a huge digital commitment gap between bills paid online or mobile and statements delivered digitally. New research finds 72% of bills are paid through online or mobile channels”but only, only 39% of statements are delivered digitally.
Wirecard’s new retail payments platform enables retailers to increase the appeal and functional scope of their own app by integrating open- and closed-loop contactless payments, peer-to-peer gifting, offers and merchant loyalty functionality.
Worldpay’s new Dynamic 3D Secure (3DS) solution will soon be available to merchants. The solution offers e-commerce businesses greater transaction acceptance success whilst giving them more flexibility and control over fraud prevention.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Patrick Burke, President and Chief Operating Officer of Bluefin Payment Systems.
CardWeb.com’s CardData database of Company Profiles today features Rêv Worldwide.
Western Union and MTN Group have teamed to launch a new mobile money transfer service in Rwanda and Ivory Coast. The new service allows MTN customers in both countries to receive a Western Union Money Transfer® transaction in their mobile wallet.
Banco Santander and Monitise are teaming to launch a joint venture agreement to launch a fintech venture builder later this year. The 50:50 joint venture will be aimed at investing in, building and scaling fintech businesses with the potential to redefine and support financial services globally.
U.S. retail gift card loads grew 9% in 2014, despite a slow holiday season. Loads in the Employee and Partner Incentives segment declined in 2014 as the emphasis seemed to shift in the incentives market.