MasterCard (MC) U.S. credit + debit purchase dollar volume (PDV) rose 7.1% year-on-year (YOY) in Q1, driven by an 8.1% YOY gain in U.S. debit cards. However, MasterCard’s YOY gains in both U.S. card products has been slowing over the past year.
Cards-in-Force (CIF) for Visa, MasterCard, American Express, Discover, JCB and UnionPay is expected to approach seven billion by end-of-year (EOY) 2019. According to forecaster RAM Research, CIF for the global debit card industry is growing at a CAGR of 8.88%.
The Payments Security Task Force is joining hands with the PCI Security Standards Council and the EMV Migration Forum to launch an EMV program to streamline the testing and certification process for Value Added Resellers (VARs) and Independent Software Vendors (ISVs).
The second class of the FinTech Innovation Lab Asia-Pacific
Accenture is open through May 31. The 12-week program helps early- and growth-stage financial technology innovators accelerate product development and gain exposure to top-level financial industry executives.