In the wake of China opening up is network Visa and MasterCard on June 1st China UnionPay (CUP) transaction volume continues to explode racking up a stunning 48% increase in 2014, following a solid gain of 37% in 2012. Last year, CUP’s bankcard interbank transaction volume hit 32.3 trillion yuan (US$ 5.18 trillion).
Japan’s JCB continues this year to expand its worldwide acceptance and issuance with new deals in Europe, as well as the LAC, ME and AP regions. Based on current metrics JCB is expected to surpass the US$500 billion in annual transaction value milestone by end-of-year (EOY) 2019. JCB racked up US$223 billion in transaction value last year, according to CardData.
Pakistan’s Bank of Khyber (BOK) and JCB have inked an agreement for the issuance of JCB Debit Cards. The Bank of Khyber is a provincial government bank owned by Government of Khyber Pukhtunkhwa and based in Peshawar, Pakistan, presently with 119 branches all over the country.
Gemalto and Samsung team to accelerate the deployment of Samsung Pay through Gemalto’s Allynis Trusted Service Hub (TSH) . Gemalto and Samsung are actively working with payment issuers to roll out Samsung Pay to Europe.
Verifone achieved record North America net revenues for the third consecutive quarter driven by security needs and EMV migration, and increased demand for Petroleum, Media, and our Payment as a Service offerings.
Revel Systems announced the official opening of its IT division in Vilnius, Lithuania. Revel Systems iPad POS was founded in 2010 in San Francisco with the goal of changing the Point of Sale market.
Chase launched this week its annual speaker series featuring Delivering Happiness’ Jenn Lim. In addition to 20 invitation-only seminars across the country this fall, a live webcast will be broadcast via Chase YouTube on October 14 from San Francisco.
NYC-based ShopKeep, the cloud-based technology and business management solution used by more than 20,000 independent merchants, today announced its collaboration with MasterCard and the MasterCard Easy Savings® program.