Aggregate U.S. bank credit card end-of period (EOP) outstandings for the nation’s four largest issuers will likely inch up in 3Q/15 to $358 billion according to CardData and RAM Research. In the second quarter, outstandings were essentially flat year-on-year (YOY) and continues the pattern of the past three years.
Global purchase transactions (PTX) for Visa and MasterCard debit and credit cards, excluding Visa Europe, will likely to track in at 11.7% year-on-year (YOY) in the third quarter according to CardData and RAM Research. In the second quarter PTX soared 12.6% YOY and 8.6% sequentially.
Wirecard is now handling all processing of online credit card and PayPal payments for Sky subscriptions. With a current figure of around 4.3 million subscribers, Sky Deutschland is the largest pay TV provider in the German-speaking region.
Tokyo-based Lawson will start new services for holders of the UnionPay card which is widely used in mainland China to improve convenience for foreign tourists.
Amazon Webstore owners can seamlessly migrate their online store to Shopify. As Amazon’s preferred migration partner, we’ve worked closely with the Webstore team to make moving to Shopify simple.
3dcart announced a program with Visa Checkout to help small businesses launch their online stores. For a limited time, new and existing 3dcart customers can receive a one-month extension toward their hosting plan on their billing cycle when they enable Visa Checkout as a payment service on their website.
Fiserv has inked InfoLink Services Limited (ISL) for all electronic payment transaction processing, delivering PCI compliance and EMV capability.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Daryn Griggs, Chief Executive Officer at PayOnyx.
American Express Company reaffirmed the company’s financial outlook for 2015, 2016 and 2017. For the full year, the AmEx 2015 EPS outlook remains unchanged, and expects EPS to be flat to modestly down.
After the implementation of the Kyrgyzstan bank card settlement project in central Asia, Globebill signed a bank card settlement cooperation agreement in Saudi Arabia.
Mobilio Protection now offers independent wireless retailers the convenience of a low price prepaid protection plan covering new, refurbished and pre-owned devices distributed via the epay WebPOS distribution portal.
In today’s CardFlash News Que: FROST & SULLIVAN (digital); NEXONIA (webinar); and YAPITAL (Deutscher Sportausweis).