Purchase dollar volume (PDV) for Visa, MasterCard, American Express and Discover cards (credit + debit) in the U.S. is growing 7.6% year-on-year (YOY) in Q2/15 reaching a record $1205 billion. It is expected PDV for Q3/15 will also hit a record $1301 billion, according to RAM Research.
Global purchase transactions (PTX) for Visa and MasterCard debit and credit cards, excluding Visa Europe, soared 12.6% year-on-year (YOY) in the second quarter (Q2/15) and 8.6% sequentially. It is expected the same growth rate will apply for the third quarter says RAM Research.
Tokyo-based JCB is has adopted the popular Japanese robot cat Doraemon character as its new branding strategy in the Vietnam market. JCB will use Doraemon as the brand image character for promotion and brand advertisement in Vietnam until October 1, 2017.
Riyad Bank, one of Saudi Arabia’s top financial institutions, is migrating its entire portfolio to Gemalto’s Clarista Contactless EMV card, powered with the industry-standard MULTOS operating system. This is the country’s first contactless payment method.
Online payments provider Checkout.com, and Diners Club report effective today all Checkout.com merchants will have the opportunity to accept sales from cards running on the Discover Global Network.
Sweden’s largest pharmacy chain has inked a deal with
Verifone to supply payment as a service solutions to Apoteket. The agreement means that Verifone has now supplied card payment solutions to all 371 pharmacies in Apoteket’s portfolio.
First Data expects to raise $3.7 billion in its initial public offering. The deal involves 160 million shares of its Class A common stock. The initial public offering price is expected to be between $18.00 and $20.00 per share.
P97 Networks says its P97’s PetroZone Mobile Commerce and Digital Marketing Platform has been certified to integrate with Verifone’s cloud-based POS and site management software solutions”providing gas stations and convenience stores a combined, fully integrated solution for mobile payment acceptance in-store and at the pump.
Nordstrom has closed on its credit card transaction with TD Bank U.S.A. The Company sold its credit card portfolio to TD for $2.2 billion span, representing the gross value of the outstanding receivables.
NASA Federal Credit Union is officially taking off with a suite of new Star Trek-branded credit cards. The four new cards, under license by CBS Consumer Products, provide unique benefits of Star Trek merchandise and experiences, as well as the outstanding value of the current NASA Federal Credit Union Platinum Advantage Rewards credit card.
Walgreens, the nation’s largest drugstore chain, this month launched Western Union Bill Payment services staged via digital self-service kiosks, allowing customers to make payments to 15,000 billers across the U.S. and beyond.
In today’s CardFlash News Que: STERLING (EMV); ADS (Wayfair); JCB (Universal); and W.CAPRA (EMV).