First Data’s continued losses, laden with debt and milked by KKR minions makes its upcoming IPO for fools. The Company, valued at $40 billion, managed to lose $26 million in the second quarter which it blames on foreign currencies – total mismanagement and lack of foresight.
Atlanta-based Global Payments (GPN) reported Q2 calendar revenues grew 4.9% to $707 million, compared to $674.0 million in the year ago quarter. For fiscal 2016, the company expects annual adjusted net revenue of $2.06 billion to $2.10 billion, or 6% to 8% growth – really?
Top Mexican distributor of hardware and software solutions, CompuSoluciones, has inked a deal with UK-based Powa Technologies to distribute the PowaPOS T25 tablet POS hardware platform.
Although Greece is in the debt dumpster and China’s UnionPay (CUP) is afraid of Visa’s and MasterCard’s entry into China next year, CUP has accelerated cooperation with multiple mainstream institutions and acceptance coverage of UnionPay cards reached 60% and 40% for ATMs and merchants respectively, basically encompassing places frequently visited by tourists.
Millennials have now passed baby boomers as the largest segment of the U.S. population, this digitally independent generation is still much less savvy than older generations when it comes to their finances and credit management.
Customer search patterns and the ability to attain information in an instant is changing the way consumers choose banking products, according to a new commissioned study conducted by Forrester Consulting on behalf of Deluxe Corporation.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Marc Chini, Executive Vice President and Human Resources Leader of Synchrony Financial.
Playphone, recently acquired by premier game developer GungHo, has inked a partnership with Gamania Digital Entertainment (GASH), a leading Asian online game publisher based in New Taipei City, Taiwan.
Virtual Piggy, provider of the award-winning payment technology Oink, announced the Neon release of their iOS app with added money transfer functionality using P2P technology.
CardWeb.com’s CardData database of Company Profiles today features MagTek.
CardWeb.com’s CardPixes database of more than 7,000 images today features the Barclaycard Ring Platinum MasterCard.
MasterCard and Samsung are extending their global partnership leveraging the MasterCard Digital Enablement Service (MDES) to deliver Samsung Pay in Europe. Samsung Pay is a mobile payment service that will enable consumers to use their Samsung flagship mobile devices to make every day in-store purchases at contactless and magnetic stripe terminals leveraging NFC and MST technologies.