CardWeb.com’s CardData financial database projects that among the four top U.S. payment networks Gross Dollar Volume (GDV) for the third quarter will rise 2.9% to $1195 billion; Purchase Dollar Volume (PDV) will rise 8.27% to $1077 billion, and Cards-in-Force (CIF) 2014 will rise slightly to 1200 million at the end of the third quarter.
Fifth Third Bank has created a new payments and commerce solutions division. The new unit will be headed by Randy Koporc as executive vice president and head of Fifth Third Payments and Commerce Solutions.
m-Payments may have a new meaning instead of mobile payments. Due to onerous payment obstacles by financial institutions, the emerging marijuana payments may be the relatively new and lucrative m-Payments market.
A new consumer survey has found 90% credit cardholders who asked their credit card issuers to waive a late payment fee were successful. Furthermore, about 66% of cardholders who asked for a lower interest rate were approved.
CardWeb.com’s CardExecs database today features Sebastian Siemiatkowski Chief Executive Officer of Klarna. Stockholm-based Klarna was founded in 2005 with the idea to simplify buying and is now one of Europe’s fastest growing companies.
VeriFone’s UX Solutions series of unattended payment devices has achieved an industry-first certification to Canada’s first and only contactless debit payment solution, the Interac Flash 1.5 contactless payment specifications.
Paris-based SlimPay says that as of October 1st , all direct debit transactions performed by SlimPay will qualify for Liability Shift. Merchants will be 100% protected in case of consumer disputes filed for unauthorized transactions.
Paris-based Atos and US-based NGDATA have introduced a Big Data omni channel solution for banks worldwide. The solution is built on Canopy’s Data Platform and underpinned by big data machine learning capacities, banks can target their customers more effectively, enhance customer loyalty and strengthen their output.
MilliKart technology companies launched its M+ mobile payment solution in collaboration with goSwiff, the global innovator in mobile commerce and marketing services. M+ represents the latest technology for accepting card payments by using a mobile phone app paired with a Chip & PIN card reader. The M+ is versatile and highly scalable mPOS solution, meeting the needs of both small merchants with micro-outlets as well as large merchants who may have many thousands of agents on the ground. Acquiring banks have now the opportunity to better serve their merchant clients with a high-end solution to roll out mobile POS and be ahead of the curve to meet current and future payment industry demands.
San Francisco-based NerdWallet, a bootstrapped company with more than 100 employees, has ankled a former LinkedIn senior executive to serve as Vice President of Engineering and Operations.
FIME’s Japanese operation has been accredited as a MasterCard test laboratory for mobile handsets. FIME testing focuses on confirming the compliance and interoperability with the EMVCo Contactless approval process.
CardWeb.com’s CardPixes database of more than 7,000 card images today features Suncorp Clear Options Visa issued Citigroup Australia. The card is both Chip & PIN as well as offering the Visa payWave feature.