CardWeb.com’s CardWatch database of more than 57,000 marketing items today features the Discover “Freeze It” TV commercial.
Lugano-based Cornèr Bank has inked a deal to acquire Diners Club Italia and Dinit from Discover Financial Services. Diners Club Italia is the Diners Club International licensee for Italy, San Marino and Vatican City and Dinit is a Diners Club card transaction processor in Slovenia.
Gross dollar volume (GDV) for Visa, MasterCard, American Express and Discover cards (credit + debit) globally rose 9.8% on a currency adjusted basis (FX). MasterCard led the pack with a 12.1% year-on-year (YOY) global GDV (FX) increase, according to CardData.
First Data reported its Merchant Solutions segment revenue for Q1/15 was $888 million, up 4% year-on-year (YOY), adversely impacted by 1% due to the sale of Electronic Funds Source (EFS). Merchant acquiring revenue increased 6% YOY due to transaction growth and revenue from the Company’s merchant suite of solutions.