Visa’s CyberSource unit racked up more than 2.19 billion transactions in the fourth quarter, up 16%, but continues to slow year-on-year.
The nation’s fifth largest payments processor reported record record quarterly net revenue of $188.3 million, up 26.2% from the fourth quarter of 2013. Heartland Payment Systems says same store sales rose 3.9% and net volume attrition fell to 10.7% in the fourth quarter, the best performance for each metric in over 5 years.
Cards-in-Force (CIF) in Bahrain grew at a compound annual growth rate (CAGR) of 5.49%, increasing from 830,360 cards in 2009 to 1.0 million in 2013. In terms of transaction value, payment cards reached BHD1.1 billion (US$3 billion) in 2013, after registering a CAGR of 17.37%.