MasterCard has tapped Brian Lang as the new President of its Canadian operations, effective May 1st. Lang was most recently the head of business development for MasterCard in the Middle East and Africa.
Luxembourg’s payment cards (including debit and credit cards) grew at a significant compound annual growth rate (CAGR) of 23.14%, between 2009 and 2014. In terms of transaction value, payment cards produced EUR10.2 billion (US$13.5 billion) in 2013, registering a CAGR of 10.60%, during the same period.
NJ-based TD Bank has introduced a new general purpose reloadable Visa bank card. The launch marks the bank’s second reloadable prepaid card. TD has 8 million U.S. customers.
A new payments wearable is in the works. Ontario-based Everlink Payment Services announced it has completed a proof of concept market trial for DebitWear.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Vicki Lawrence, Chief Operating Officer of Linqto.
When it comes to the best customer experience in the credit card industry, USAA took the top spot for the fifth straight year. Furthermore, USAA also ranked 13th overall out of 293 companies across 20 industries.
Munich-based Wirecard has taken over the acquiring customer portfolio from Lufthansa AirPlus Servicekarten. Airplus is Germany’s top provider of payment and settlement solutions for business travel.
In today’s CardFlash News Que: WEX (Australia NMC); Acculynk (CNP EMV/NFC); ProfitStars (PayNearMe); and NCRA (ScoreWise).
Following a competitive process, the Government of Canada selected Moneris as the successful bidder to provide card processing services to federal departments and agencies across Canada.
TX-based NUSPAY is introducing a new VAS ” not Value Added Services, rather Virtual Account Solution for cashless, cardless and contactless transactions. The new product will be unveiled on April 1, 2015.
Outstandings for Citibank-branded (Citi) cards in North America continues to erode, declining 4.3% last year from $70.5 billion at EOY 2013. Since 2009, Citi’s outstandings posted a compound annual growth rate (CAGR) of -3.39%, according to CardData. Among Citi’s peers, BofA and Chase are also in negative CAGR territory.
Visa’s Central Europe – Middle East – Africa (CEMEA) region remains the fastest growing international region with Gross Dollar Volume (GDV) up 16.8% Year-on-Year (YOY). However, Visa’s Asia Pacific region continues to claim the lion’s share of the international market with a 45.3% share, but Quarter-to-Quarter (QOQ) growth is slowing, according to CardData.