Online fraud increased 360% in France post EMV and the U.S. will likely realize the same in 2016. However, mobile is the future of retail.
A Philadelphia firm has added more meaning to “Charge It” by combining complimentary phone charging with retailer’s loyalty cards. The new devices also offer data harvesting opportunities.
MasterCard’s (MC) European region 3Q/15 Gross Dollar Volume (GDV) rose year-on-year (YOY) by 16.9% on a currency adjusted basis (FX) and solid compared to 3Q/14’s 12.1% YOY gain.
Visa’s (VS) Asia Pacific (AP) region Purchase Dollar Volume (PDV) growth heated up year-on-year (YOY) to 16.4%, on a local currency basis, in the third quarter (3Q/15) to US$371 billion, compared to a 12.1% YOY growth rate in 3Q/14.
Atlanta-based Global Payments (GPN) reported third calendar quarter revenues grew 6.2% to $748.8 million, compared to $704.9 million in the year ago quarter.
GA-based acquirer TSYS reported a solid third quarter as total revenues hit $707.9 million, an increase of 14.8% over the prior year. Net income soared by 43.3% year-on-year (YOY) from $85.2 million in 3Q/14 to $122.1 million in 3Q/15.
Telkomsel Indonesia has launched its digital wallet for its 140 million subscribers. The TWallet is powered by Mozido in partnership with Verifone, and Finnet Indonesia.
The Bancorp Finetics Studio video series, which features one-on-one conversations with more than 30 of the financial services industry’s most influential and innovative executives, has released its first installment.
GameStop PowerUp Rewards loyalty program members, who are now able to use their reward points to save on the cost of fuel through the Fuel Rewards program operated by Excentus.
CardFlash News Briefs: CPI (board); PAYMENT VISION (exec); E2B TEKNOLOGIES (promo); and UNITED PAYMENT (ranking).