CardWeb.com’s CardData Reports today features the “QR Codes: The Story in Numbers 2014” from Research & Markets.
MasterCard announced that Rama Sridhar will take on the new role of Group Head, Regional Lead, Asia Pacific, Network, Processing & Security Solutions effective immediately. In this newly expanded regional role, Rama will take on responsibility for integrating the services of Network Products, Processing and Enterprise Security Solutions (ESS) into the regional go to market strategies.
Based on the data issued by the China National Tourism Administration, the purchase of outbound tourism in 2014 reached 115 billion USD (about 724.5 billion RMB), with year-on-year growth of more than 20%. At present, UnionPay cards have become the preferred payment brand of outbound Chinese tourists.
Two of the world’s largest operating systems launched major updates to their mobile payments solutions this month. Both Google and Apple now have a solid platform in Android Pay and Apple Pay to enable frictionless mobile payments with integrated loyalty features.
CardWeb.com’s CardConferences today features the mPOS WORLD CONFERENCE, June 30-July 1, 2015 in Frankfurt, Germany.
In today’s CardFlash News Que: FIRST ANNAPOLIS (Schwarcz); SHIFT4 (TrueTokenization): COALFIRE (InstaMed); and TASKER (Flint Mobile).
New exponential smoothing analysis shows purchase transactions for U.S. Visa and MasterCard debit cards will slow to 6.7% in the second quarter, compared to 7.7% in the first quarter. CardData and RAM Research says U.S. credit card purchase transactions are quickly ramping up this quarter.
Purchase dollar volume (PDV) for Visa, MasterCard, American Express and Discover cards (credit + debit) in the U.S. climbed 7.8% year-on-year (YOY) in Q1/15 reaching $1.1 trillion. RAM Research now predicts annual U.S. credit card PDV will top $4.1 trillion by 2019.
UK-based Virgin Money has entered a long-term agreement to issue contactless-enabled MasterCard debit cards to the bank’s growing customer base.
MasterCard has named Hiang Choong as Division President, Hong Kong, Macau and Taiwan. Mr. Choong was educated in Canada and Australia. He is a graduate of the Australian National University with degrees in Law and Arts with a double major in Psychology and Sociology.
SC-based RushMyBitcoin.com (RMB) is rushing to introduce Bitcoins to the general public with an exclusive introductory offer. For a limited time only, RMB will let Bitcoin newbies try a bite of their first bit”at no charge. The company calls it the “Get Familiar With Bitcoin” give-away, details of which are on its website.
San Francisco-based Credit Karma has received $175 million in a Series D funding round with participation from Tiger Global Management, Valinor Management and Viking Global Investors. Investors have made $368.5 million in total equity investment to date.