MasterCard’s (MC) Latin America Caribbean (LAC) region Purchase Dollar Volume (PDV) rose year-on-year (Y/Y) by 20.0% on a local currency basis in the third quarter (Q3/14) to US$57 billion. On a US dollar basis PDV was also up 9.4%, according to CardData.
Credit scores are up, bankcard lending is on the rise, the average number of bankcards per person is up, retail card lending also is on the upswing, and average debt is up.
Sionic Mobile has launched a mobile rewards, payments initiative for merchants located in Atlanta’s Midtown district. With the new Midtown Loyal merchants create compelling promotions for nearby smartphone consumers, accept secure mobile payments and reward customers instantly based on their purchase amount.
MA-based Sentient Jet is offering a special edition of its private aviation Jet Card that includes a holiday package incentive that includes a complimentary $5,000 gift card.
The AARP is beefing-up its discount programs for members with the myAFINITI proprietary member rewards platform. AARP members access brand-specific, point-of-sale discounts through the swipe of their card.
The 2015 top security predictions suggests cybercriminals will accelerate the pace of their credit card data theft with the advent of Chip & PIN technology.
Phillip Dunkelberger is the President and Chief Executive Officer of Nok Nok Labs.
UT-based Box Elder Credit Union has joined the Buzz Points merchant-funded loyalty program. Buzz Points is free for consumers and allows credit union members to earn rewards while supporting the local economy by using their debit and credit cards for everyday shopping.
Elan Financial Services EFT services, processing more than 4 billion transactions annually, signed an agreement with MasterCard® to adopt their U.S. common Debit Application Identifier (AID) specification for the MoneyPass® Network. The MoneyPass Network, by licensing the common AID, will be able to facilitate U.S domestic debit transactions on the network, including contact or contactless, and surcharge-free ATM transactions.
GlobalPlatform and the Global Certification Forum (GCF) independent certification scheme for mobile phones and wireless devices have inked partnership agreements. Allowing the companies to collaborate on the optimization of testing and certification procedures, the partnership will support and accelerate the deployment of secure near field communication (NFC) services. The initial focus of the collaboration will be on mobile NFC handset compliance to reflect that GlobalPlatform’s Secure Element Access Control (SEAC) test suite has been referenced by GSMA’s TS.27 NFC Handset Testbook which is based on 3GPP and 3GPP2 standards.
Wincor Nixdorf and Travelex will provide payment processing services for its ATMs for at least another seven years, whereby Wincor Nixdorf will continue to provide payment processing for ATMs across much of Europe. Travelex’s existing ATMs in Asia Pacific and North America will migrate onto Wincor Nixdorf’s global platform allowing it to simplify its business. The companies started their relations in 2010 and have also agreed to promote Direct Currency Conversion (DCC) services, a platform that allows ATM users to use the exchange rate offered by Travelex to have the transaction converted into their home currency at the time of cash withdrawal.
Barclays has unveiled its bPay contactless payment wristband. Designed to ensure quick and secure payments on items up to the value of GBP20, the bPay band can be used in local shops and pubs. It is debuting at a few national sports competitions this upcoming month, including the in the Emirates to Saints take on Arsenal, and participating retailers such as Starbucks, Boots, Subway, McDonald’s, M&S and more.