Purchase transactions (PTX) for Visa and Mastercard credit and debit cards in the U.S. grew by 4.8% year-on-year (YOY) in the first quarter (1Q/17) to 20.3 billion. The growth was driven by credit cards, and more specifically Visa. according to CardData. U.S. purchase transactions for Visa and Mastercard payment cards (debit+credit) hit 20,388 in 1Q/17, compared…
U.S. credit card outstandings end-of-period (EOP) among the Big 6 issuers increased 9.5% in the first quarter (1Q/17) year-on-year (YOY) to $513.1 billion. The robust aggregate gain resulted from strong YOY growth from Citibank, Capital One and American Express. The Big 6: American Express, Discover, Chase, Bank of America, Capital One and Citibank, reported $513.1…
The sharp increase in cyber threats is throwing IT departments into turmoil dealing simultaneously with privacy concerns, regulation imperatives and security needs. Furthermore. the strategic importance of the CISOs, CIOs, CTOs roles have also changed to adapt to the constantly evolving playing field. The 3rd Global Cyber Security Leaders Summit is an interactive, invitation-only, event…
The global cloud security market in the retail sector will experience robust growth between 2017 and 2020, posting a Compound Annual Growth Rate (CAGR) of almost 21% by 2020. In terms of geography, the Americas will account for more than 49% shares of the global cloud security market in the retail sector by 2020 . Technavio…
Bitcoin had gained 157% year-to-date and dominated the cryptocurrency market with $43 billion market cap. Another digital currency, Ethereum, also skyrocketed this year. The price of Ethereum hit a new record high of $250 a coin on Sunday, with an increase of more than 2800% this year. Ethereum is now the second-most popular cryptocurrency. According…
The percentage of consumers using mobile bill pay rose 28% in 4Q/16, compared to 22% for 4Q/15. Among mobile banking users, 41% used the service to pay bills in the past 30 days. Bill payment was a notable factor in mobile banking use, with 53% of mobile banking users citing the ability to pay bills…