MasterCard (MC) first quarter profits rose 17.2% year-on-year (YOY) or 24.0% on a currency adjusted basis (FX) to a record $1020 million. Global purchase volume rose 12% (FX) to $783 billion and end-of-period (EOP) global cards-in-force (CIF) hit 2.2 billion.
Digital currency acceptance is getting a big boost among European merchants as Amsterdam-based Coinzone will introduce this summer a new web-based wallet that will let users send, receive, buy and sell Bitcoin. Android and iOS apps will enable users to manage and authorize their Bitcoin transactions while on the move.
Transaction Network Services (TNS) is empowering acquirers and processors across Asia and Australasia with GPRS and 3G roaming for point-of-sale (POS) terminals. TNS partnered with Sydney-based Global Wireless Access (GWA), a multi-carrier, domestic roaming SIM solution optimized for wireless payment terminals.