Western Union reported second quarter (Q2/15) revenues declined 2% year-on-year (YOY), primarily due to the impact of the stronger U.S. dollar, however on a constant currency basis, Q2/15 revenues increased 4% YOY.
NJ-based Heartland Payment Systems (HPS) reported Small and Mid-Sized Enterprise (SME) transaction processing volume was a quarterly record $23.8 billion for Q2/15, up 16.5% from the second quarter of 2014, the fourth consecutive quarter of double-digit acceleration. Quarterly net revenue was a record $203.9 million, up 27.9% from the second quarter of 2014, with organic net revenue growth of 12.5% for the quarter.
One could assume that Japan is one of the most advanced payments nations on the planet, but that’s not the case. Japan is a payments paradox, with sophisticated payments technology installed in one of the most cash-intensive societies in the world.
Citibank India has launched MasterCard MasterPass, the first global digital wallet in India, making Citibank debit and credit card customers the first in the country to be able to shop at more than 250,000 e-commerce merchants, located in India and worldwide, with a safe, simple and quick online payment experience.
Mobile point of sale (mPoS) growth continues as the technology deepens its reach across vertical industries, merchant tiers and geographies. It is now projected he global mPoS installed base will grow from 13.3 million units today to 54.03 million units in 2019.
Naples, FL-based ACI Worldwide reported overall sales bookings for the second quarter (Q2/15), including term extensions, increased 24% year-on-year (YOY).. New sales bookings, net of term extensions (SNET), increased 18% compared to the prior year quarter.
Alliance Data’s Epsilon business has inked a new long-term agreement to provide co-brand affinity credit card services for Univision Communications (UCI), the leading media company serving Hispanic America. Alliance Data’s Epsilon business also currently provides marketing services and data services to UCI.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Prakash Kirpalani, President APAC Processing Services for Quatrro Processing Services.
Discover is rewarding new student cardmembers with $20 in Cashback Bonus® if their grade point average is 3.0 (or equivalent) or higher each year they are enrolled in school, for the first five years from the account opening.
CardWeb.com’s CardData database of Company Profiles today features LoopPay.
Baar, Switzerland-based BPC Banking Technologies has launched SmartVista Host Card Emulation (HCE) solution ready to be implemented as an integrated or stand-alone module or as a service. SmartVista HCE solution is compliant to all functional and security standards set by international payment systems.
CardWeb.com’s CardWatch database of more than 57,000 marketing items today features the Capital One “Visigoths” TV Spot.