Herzliyah, Israel-based Supercom is acquiring Prevision. SuperCom specializes in solutions for e-government, public safety and mobile payments.
CardWeb.com’s CardData financial database projects Visa and MasterCard U.S. Payment Dollar Volume (PDV) will top $1 trillion for the first time in the second quarter of 2015. Currently, U.S. credit card PDV is growing 10.9% annually, U.S. debit card PDV is expanding 7.6% annually.
Citibank continues on its strategy to streamline its Global Consumer Bank and is actively seeking a buyer for its credit card business in Japan. Citi announced on Christmas Day it reached a definitive agreement to sell its retail banking business in Japan to Sumitomo Mitsui Banking.
San Jose-based ThreatMetrix says its Network stopped more than 11.4 million attempted fraudulent transactions during the 2014 holiday shopping season. The Network analyzes more than 850 million monthly transactions, and protects more than 210 million active user accounts across 3,000 customers and 15,000 websites.