American consumers continue in the healthy buying mode after ratcheting up revolving credit by $39.1 billion or 5.7% year-on-year (YOY) in May. Total revolving credit for March preliminarily posted $901.0 billion, compared to a revised $899.4 billion for the prior month and $860.9 billion for the prior year.
Payment card profits for the top four networks will likely rise nearly 4% for the second quarter predicts forecaster RAM Research. Visa, MasterCard, American Express and Discover reported a combined 1Q/15 profit of $4090 million, compared to $3975 million for 1Q/14.
China’s UnionPay International and Germany’s CAISSA Touristic have teamed to conduct all-round cooperation in overseas travel of Chinese tourists, including incentives to overseas card use and naming tourism groups of popular travel routes.
While payment cards and travel are going through a revolution, new research shows 93% of travelers said that despite digital advances in the travel industry, the value of personal service cannot be replaced.
Giesecke & Devrient (G&D) has been certified “Visa Ready” by Visa for Host Card Emulation (HCE) cloud based payment services. With the Visa Ready status, Visa ensures that technology and service providers develop and deploy products and services that are compatible with Visa’s requirements. G&D’s data center in Canada has received Visa Ready certification as a provider for cloud based payment services.
MasterCard is giving fans using Apple Pay to pay at the 2015 MLB All-Star Game presented by T-Mobile in Cincinnati, along with a Priceless experience. Those attending the 2015 MLB All-Star Week festivities will not only be able to use Apple Pay on-site for food and merchandise purchases, but when they do they could also receive a Priceless Surprise.
The third annual Key Business Drivers & Opportunities in Cross-Border E-Commerce survey is now open for input from merchants and payment professionals from around the world. Last year’s survey polled nearly 700 e-commerce and omnichannel merchants, payment service providers, acquirers and consultants, quantifying stakeholder attitudes about this increasingly important segment of payments.
Payverifi has teamed with Kount Systems in order to enhance their fraud management systems. The partnership will allow Payverifi’s pre-existing systems to dive in even deeper to each particular transaction, instantly checking hundreds of fraud check points.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Mike Baxter, Senior Vice President, Product Development of Entrust Datacard
NYC-based eMazzanti Technologies has completed high-level retail data security training to prevent retail point-of-sale (POS) data theft. eMazzanti is currently one of only seven companies worldwide to be qualified as a PCI Qualified Integrator under the stringent certification standards of the PCI Security Standards Council Qualified Integrators and Resellers (QIR) program.
CardWeb.com’s CardConferences today features the DIGITAL CURRENCIES + THE BLOCKCHAIN conference, July 28, in New York City.
SPOT has eclipsed 20,000 downloads in Boston alone and has introduced “SPOT 2.0.” SPOT was founded in Boston in July 2014 as a sharing economy solution to the parking industry.