AvidXchange has teamed withViewpoint Construction Software, a provider of innovative construction-specific software solutions to the global construction and capital project industries. AvidXchange and Viewpoint have formed a strategic partnership to deliver clients a best-in-class payment automation solution with a strong integration to Viewpoint’s ERP solutions, Vista by Viewpoint and ProContractor by Viewpoint.
Purchase dollar volume (PDV) for Visa, MasterCard, American Express and Discover cards (credit + debit) in the U.S. climbed 7.6% year-on-year (YOY) in Q2/15 reaching a record $1205 billion. Visa led the way in the second quarter posting a 8.8% YOY gain for U.S. PDV, according to CardData. However, YOY PDV growth is slowing a tad for all four U.S. networks.
Aggregate U.S. bank credit card end-of period (EOP) outstandings for the nation’s four largest issuers were essentially flat year-on-year (YOY) in the second quarter (Q2/15) and continues the pattern of the past three years. Capital One is the only big issuer with real growth as it plugs deeper into the changing market dynamics.
Banco Nacional de México, Integrante del Grupo Financiero Banamex (Banamex), Japan’s JCB have inked a deal for a JCB merchant acquiring business in the Mexican market. With this partnership, JCB cards will be accepted at more than 70,000 Banamex merchants in Mexico starting this year.
Latin America’s payment pioneer, YellowPepper, has ankled Mohammad Khan, former president and founder of ViVOtech as Chairman. Prior to founding ViVOtech in 2001, Khan held various leadership positions at Verifone, the global leader in secure POS solutions, which he joined in its early stage in 1983.
Visa has named a 15-year veteran of the Company as the Group Executive for the Latin America and Caribbean (LAC) region, effective September 1st. Eduardo Coello will be responsible for all of Visa’s operations in the region including regional business development and client relationship management with financial institutions, merchants, and partners across 44 countries in LAC.
Moneris Solutions is collaborating with Lavu, a rapidly growing provider of POS solutions based on iOS-based mobile devices, to offer integrated processing of EMV credit and debit card payments to restaurants, coffee shops, food trucks, bars and other businesses in the U.S. and Canada.