Due to exponential smoothing purchase dollar volume (PDV) for Visa, MasterCard, Discover and American Express U.S. credit cards is expected to exceed $4.2 trillion annually by year-end 2019. According to forecaster RAM Research, the U.S. PDV for the U.S. credit card industry is growing at a CAGR of 10.1%.
Updated figures, based on regression analysis, shows gross dollar volume (GDV) for Visa, MasterCard, American Express and Discover cards (credit + debit) globally will rise 7.1% on a currency adjusted basis (FX) for the third quarter. RAM Research projects global GDV of $3728 billion for the third quarter.
UK-based Worldpay is now valued at US$9.2 billion and Ingenico rumored is seriously considering gobbling up the payments firm. Worldpay is owned buyout firms Advent International Corp. and Bain Capital.
Moneris Solutions has inked EMV certification of Verifone’s line of unattended payment devices. With this certification, merchants can now adopt a secure unattended payment solution that can be deployed quickly and easily to ensure they are ready for EMV and NFC payment acceptance.
US Bankcard Services unveiled its new restaurant Point of Sale (POS) system. The POS system combines multiple actions and streamlines them into one sleek system to make business management more efficient for restaurant merchants.
Sweden-base mobile payments firm iZettle has raised 60 million euros ($67.79 million) as it expands beyond its core card reader business to launch a financing service giving clients access to capital through advances on future card sales.
CONIX Systems unveiled Cross-Bank Inquiry (CBI) product. CBI provides a practical and effective solution for cross-bank identification of duplicates and fraud prior to presentment.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Jonathan Davidson, executive vice president and general manager, Juniper Development and Innovation (JDI).
Accenture has acquired Brazils’ AD.Dialeto, strengthening its digital marketing services provided through Accenture Interactive, part of Accenture Digital.
BBPOS is set to unveil its new WisePOS, an Android smartphone cum mPOS device in just a few weeks. Achieving flexibility and seamless integration into back-end systems, WisePOS demonstrates its uniqueness by combing a smartphone and mPOS features. It provides superior flexibility for merchants to use the Android platform to develop custom applications and services to reduce complexity and optimize their business.
CardWeb.com’s CardWatch database of more than 57,000 marketing items today features the Citibank – Citi Double Cash Card TV spot.
San Francisco-based Mellanox Technologies unveiled the availability of hyper converged platforms for enterprise private clouds and telecom service providers. The reference platforms utilize VMware vSphere 6’s advanced features, including VMware Virtual SAN 6’s all-flash, and the VMware NSX network virtualization platform, connected over Mellanox’s 40Gb/s Ethernet inbox driver with DPDK support running over SwitchX switches, ConnectX-3 Pro Network Interface Cards (NICs), and LinkX cables.