Prepaid card specialist Green Dot reported a 6% year-on-year (Y/Y) gain in revenues. Income increased 127% to $13.9 million for the third quarter.
A new survey finds nearly half of all UK card users viewcontactless cards as one of the least secure methods of payment , behind mobile payments at 71%. Also, despite industry claims that contactless cards are now widespread, 71% stated that they still do not have a contactless-enabled card in their wallet.
The nation’s fifth largest payments processor reported record third quarter net revenue of $169.4 million, up 10.5% from the third quarter of 2013. Heartland Payment Systems also reported same store sales rose 1.8% and volume attrition was 12.6% in this year’s third quarter.
CardWeb.com’s CardExecs database of card industry movers and shakers today features Ram Chary, Chief Executive Officer of Global Cash Access. GCA is a cash access provider of products and related services to approximately 1,000 casinos and other gaming properties globally.