CardWeb.com’s CardConferences today features the mPOS WORLD CONFERENCE, June 30-July 1, 2015 in Frankfurt, Germany.
Capital One (COF) continues to lead the U.S. credit card industry in outstandings and volume growth, posting a strong 9% year-on-year (YOY) gain in end-of-period (EOP) outstandings and a whopping 18% surge in Purchase Dollar Volume (PDV) for the first quarter.
Driven by sagging revenues in China and Russia, German-based Wincor Nixdorf is undertaking a major restructuring after posting a 65% decline in net profits for the first quarter, compared to one-year ago. The Company will cut its workforce by 12% and may take it cashless business to an IPO.
UK consumer spending growth trends continue to support the notion consumer spending is returning to the best times since 2010. March Expenditure was up by +1.1% year-on-year, following a similar increases in January and February (+1.4% and +1.3%, respectively).
Vancouver-based NuData Security has beefed-up NuDetect with an expanded array of behavioral biometric sensors producing 97% accuracy in verifying a user’s identity. The solution’s improved user interface acts as an “early warning system” that makes high-risk events easily accessible to security teams.