Visa gained more U.S. market share in the third quarter than the other three networks, capturing 58.1% of the Gross Dollar Volume (GDV), compared to 57.9% one-year ago. The growth came at the expense of MasterCard who declined from 26.4% in Q3/13 to 26.1% in Q3/14.
The ShopRunner and Alibaba joint venture is underway this week. The JV enables the shipping of U.S. e-commerce orders directly to China. ShopRunner has also added Eddie Bauer, Bergdorf Goodman, Narciso Rodriguez, Neiman Marcus Last Call, and The Limited to its roster of retail partners.