Visa and Mastercard purchase dollar volume (PDV), currency adjusted (FX), in the Latin American Caribbean (LAC) region has been robust with year-on-year (YOY) growth in double digits. Mastercard has been slowly gaining on Visa in the LAC, eroding Visa’s marketshare in the LAC region, based on nominal PDV, to 64% at end-of-year (EOY) 2016, compared…
U.S. Gross Dollar Volume (GDV) among the top four bank credit card issuers, rose an estimated 19.0% year-on-year (YOY) in the first quarter (1Q/17). The strong growth was driven by Citibank and its Costco portfolio acquired from American Express early last year, according to CardData. The top four U.S. issuers racked up an estimated $351.3…
Recent tracking shows the national bank card default rate of 3.53% in May set a 48-month high. When comparing the bank card default rate among the four census divisions, the default rate in the South is considerably higher than the other three census divisions. The East South Central Census Region, – comprised of Kentucky, Tennessee,…
Nine-in-ten U.S. consumers say they have made at least one online purchase in the past 12 months, and more than seven-in-ten have made three or more online purchases in the same time frame. Nearly half of online shoppers say they have increased the frequency of their online purchases in the last year. At the same…
Retailers stand to lose $71 billion globally from fraudulent CNP (Card-Not-Present) transactions over the next five years. Factors, such as the USA’s shift to EMV cards, delays in 3DS 2.0 (3D-Secure) and click-and-collect fraud were key drivers behind the rise. New data from Juniper Research has found many merchants still perceive combatting fraud as too…
African mobile network operator MTN Benin and Youtap have partnered to launch a contactless mobile payment service for MTN Benin Mobile Money users. Unveiled in Cotonou, Benin, the new MoMoPay enables MTN Benin Mobile Money customers to ‘tap and pay’ for goods and services instantly and securely with their mobile devices. The service relies on…