Cardtronics, the world’s largest retail ATM owner, posted total revenues of $281.9 million for the first quarter, up 15% from $245.1 million one-year ago. ATM operating revenues of $260.0 million, were up 9% from $238.1 million.
CardWeb.com’s CardData database of Company Profiles today features TransFirst.
Global e-commerce is expected to near $3.5 trillion by 2020. Forecaster RAM Research predicts global e-commerce will grow at a compound annual growth rate (CAGR) of 20.9%.
Average losses in the first-quarter 2015 for the top six issuers were 213 basis points (bps) below their 2010-2014 averages and now at an unsustainable level over the long term. Analysts are saying the industry may be approaching the inflection point in credit performance.
Portugal’s largest credit card issuer and acquirer Unicre and the only local bank card transaction processing institution SIBS have joined hands with China UnionPay to bring card merchant acceptance coverage to 80%.
Latvia-based payment service provider (PSP) RegularPay is now offering rates starting from 1.9% per transaction with a 10% rolling reserve and diminishing amounts inversely proportional to transactions. Merchants are also able to make payments on their clients’ credit cards, even exceeding the limit of deposit.
The US has the world’s largest payments market, and one of the highest levels of card penetration. In 2014, the US accounted for 86.0% and 87.7% of North America’s total card transaction value and volume respectively
Virginia Railway Express (VRE) has introduced VRE Mobile, VRE’s new mobile ticketing app. VRE is the first transit system in the greater Washington D.C. area to offer riders a mobile app for paying their far
SuperGroup, the UK fashion retailer, has picked Wincor Nixdorf to provide an IT managed service to support its existing stores in the UK and six other European countries, as well as supporting future expansion throughout Europe.
Cash dollar volume (CDV) has remained relatively flat for Visa and MasterCard credit cards, but has risen 4.8% year-on-year (YOY) on U.S. debit cards, according to CardData.
Global mobile commerce is set to explode more than three fold over the next five years as U.S. NFC payments, consumer tablet adoption and smart wearables take hold. Forecaster RAM Research predicts global m-commerce will soar from $320 billion this year to $995 billion in 2020.
Household spending ramped-up a tad more for Visa Europe in the U.K. during April, jumping 2.0% year-on-year (YOY) and 1.1% sequentially. Furthermore, expenditure growth was also recorded
on both the monthly and quarterly measures, indicating a broad-based improvement in underlying expenditure trends.