Cash transactions (CTX) for Visa and MasterCard credit and debit cards in the U.S. grew by 2.1% year-on-year (Y/Y) in the second quarter. Visa cash transactions are growing at a year-on-year (YOY) rate of 1.1%, compared to MasterCard’s 4.8%, according to CardData.
U.S. bank credit card active accounts (accounts with sales activity) among the nation’s top 4 issuers grew 2.1% year-on-year (YOY) and 1.6% quarter-to-quarter (QOQ) in the second quarter.
Gemalto reported second quarter total revenue soared 35.3% to €813 million, compared to €813 million in the prior quarter and €601 million in the year ago quarter. For the first six months of the year, revenue growth in Payment jumped 22%, Machine-to-Machine increased 23%, and Government Programs rose 17%, at constant exchange rates, largely exceeds lower SIM products and related services revenue.
The number of Chinese outbound tourists in 2014 totaled 107 million, a year-on-year growth of 19.5%, making China the largest tourist exporting country in the world for three consecutive years. This bodes well for China UnionPay which is almost exclusively rules the payment card for these tourists.
North American Bancard will introduce the newest version of its PayAnywhere Mobile credit card reader, available exclusively in Apple Stores nationwide and www.apple.com in September.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Adam Au, co-founder and senior vice president of engineering at Centrify.
Toronto-based GreenCoinX has formed an Advisory Board to assist in the further development of GreenCoinX, the world’s first identifiable crypto currency. GreenCoinX identifies users and facilitates the collection of user defined optional taxes by worldwide governments.
AU10TIX warns EMV Standards & AML regulations will encourage online ID fraud and impairs customer acquisition effectiveness. The well-meant tighter fraud prevention measures and regulations may not be sufficiently backed by effective customer ID authentication measures at the point of new customer acquisition. AU10TIX warns of a “Back door” situation.
Mutual of Omaha Bank’s Merchant Services division is collaborating with Omaha based payments technology company, TruBeacon to provide solutions for middle market sized merchants throughout the USA.
CardWeb.com’s CardData database of Company Profiles today features HyTrust.
CardWeb.com’s CardPixes database of more than 7,000 images today features the Golden 1 CU Platinum Rewards Visa.
Batched indicates it is super busy educating small business regarding the upcoming EMV shift. Batched.com merchant service coaches work with and on behalf of small business owners to ensure the small business owner is matched with the correct processor for their specific business type.