ME-based WEX has acquired the remaining 49% stake in UNIK. Following WEX’s initial investment in 2012, WEX has now consummated the purchase of the remaining interest in UNIK.
Visa and MasterCard U.S. credit card gross dollar volume (GDV) will likely grow at a 10.1% year-on-year (YOY) in the third quarter (3Q/15). Visa and MasterCard U.S. credit card gross dollar volume (GDV remained a solid 9.9% year-on-year (YOY) gain in the second quarter (2Q/15).
U.S. credit card outstandings end-of-period (EOP) among the Big 6 issuers will likely gain 3.1% in the third quarter according to CardData and RAM Research. Outstandings rose by a mere 2.3% year-on-year (YOY) in the second quarter to $474.5 billion.