Payment card profits for the top four U.S networks are poised to rise 11% in the third quarter, despite the fuel price collapse, says CardData and RAM Research. Visa, MasterCard, American Express and Discover reported a combined 2Q/15 profit of $4103 million, compared to $3705 million for 2Q/14.
U.S. credit card outstandings end-of-period (EOP) among the Big 6 issuers will likely be flat in Q3/15 driven by falling fuel prices and increasingly debt sensitive consumers. U.S. credit card outstandings end-of-period (EOP) among the Big 6 issuers rose by a mere 2.3% year-on-year (YOY) in the second quarter to $474.5 billion.
Huawei has made it official its Android smartphones Huawei Mate S and G8 is featuring Fingerprint Cards AB (FPC) touch fingerprint sensor FPC1025.
Wincor Nixdorf has inked Nokas for JV, the leading Scandinavian provider of cash-handling services, in June 2015. The new company, named CROWN (Cash Retail Optimization Wincor Nixdorf Nokas), has its headquarters in Delft, Netherlands, and is owned equally by Wincor Nixdorf and Nokas.
Evertec has inked a deal with to purchase 65% of the share capital of Processa S.A.S., a Colombian company that is based in Bogotá and engaged in the business of payment processing and supply of related services and equipment in Colombia.
EVO Payments International has done a successful completion of the purchase of Citigroup’s merchant acquiring business in Mexico, conducted through Banco Nacional de Mexico S.A. (Banamex), a wholly-owned subsidiary of Citigroup.
New data from FICO, the analytic software company, shows continued improvement in the health of mature UK credit card accounts, along with worrying signs for newer accounts.
The recent Flipkart-FX Mart partnership is reminiscent of the relationship between Chinese e-commerce giant Alibaba and Alipay, a third party payment platform.
RBC has been awarded a patent on its innovative Secure Cloud payment and security technology by the United States Patent Office. The patent covers use of secure tokens by its clients to facilitate payments from mobile devices.
TransFirst has inked a strategic sales partnership with PatientPay, an online practice management and payment technology for healthcare practices.
ME-based WEX has acquired the remaining 49% stake in UNIK. Following WEX’s initial investment in 2012, WEX has now consummated the purchase of the remaining interest in UNIK.
First American Payment Systems and Womply have partnered to offer merchants 1stPayInsights, a powerful platform to enable First American’s merchants to grow, protect, and simplify their businesses.