Cynovo’s Kivvi series products have been certified by China UnionPay and EMVCo. for MSR, EMV, and NFC functions. The Company provides Android-based mobile payment and POS hardware systems, along with the online payment gateway platform that connects to backend secure clouds.
Security Validation has joined the PCI Security Standards Council as a new Participating Organization. Security Validation is a data security and data privacy advisory firm focused on improving the security posture of hotels across North America.
Visa and MasterCard International Payment Dollar Volume (PDV) passed the $1 trillion milestone in the third quarter and will likely top $1.3 trillion by the end of 2015. Currently, International credit card PDV is growing 9.5% annually and International debit card PDV is expanding 16.5% annually.
Bank credit card delinquency among the Top 100 U.S. banks continue to decline in the third quarter to 2.16%. The ratio is the lowest in more than 25 years, down 26 basis points (bps) from one year ago, down 65 bps from two years ago and down a stunning 447 bps from five years ago.