The Network For Electronic Transfers (Singapore) (NETS) has formed a new new partnership to accept JCB cards in Singapore. NETS is Singapore’s leading payment solutions provider and the largest acquirer with a merchant network of 91,000 acceptance points. This latest collaboration between JCBI and NETS will facilitate local and global issued JCB cards with more…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Global consumers now expect real-time interactions with brands on a platform of their choosing. These interactions should be highly personalized and relevant, and as ever, consumers expect to be rewarded for their continued custom. Brands that are not innovating and addressing evolving customer expectation will simply be left behind. New research…
MasterCard, Western Union, bKash and BRAC Bank launched a new, international remittance receiving service in Bangladesh. The new service enables bKash’s registered customers to use their mobile phones to receive remittances from abroad directly into their bKash accounts. Bangladesh is the eighth largest receiver of international remittances in the world, and therefore the new service…
Worldpay, the UK’s leading payments processor, has transformed the till as we know it with theunveiling of My Business Hub. This intuitive, all-in-one tablet-based till will completely change the way small business owners collect and reconcile payments in their shops. As a result, everyday transactions will be much simpler and less time-consuming. Replacing the till…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] MasterCard’s Asia Pacific Middle East Africa (APMEA) region settles down in the first quarter (1Q/16), remaining in double-digits year-on-year (YOY) growth, currency adjusted (FX). Transactions soar around 20% YOY across all categories in 1Q/16. APMEA is MasterCard’s largest international region based on GDV and MasterCard’s fastest growing region, outside the U.S.…
China’s UnionPay International cooperates with Development Bank of Singapore (DBS) in issuing the UnionPay platinum debit card. It is not only the first UnionPay card issued by the largest commercial bank in Singapore, but also the first UnionPay card with functions of UnionPay QuickPass, online payment and local transportation payment issued in the market. DBS,…
In Other News: ZEBIT (military); SPENDGO (Shoptalk); THREATMETRIX (Intel); and ETHOSPAY (chargebacks). ZEBIT – Zebit launched a new direct-to-consumer offering exclusively available to active and retired military personnel. Dedicated to improving the financial lives of those who serve, Zebit provides access to $1,000 interest-free credit for active and retired military members associated with the U.S.…
BlueSnap says MasterPass by MasterCard is now available in its Powered Buy Platform to give merchants the frictionless checkout experience they need to reach global shoppers and solve checkout abandonment with higher payment conversions. MasterPass by MasterCard is a global, digital commerce platform that connects consumers with merchants, enabling them to make fast, seamless and…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Gross dollar volume (GDV) for licensees of Discover-owned Diners Club International declined 2.8% year-on-year (YOY), on a nominal basis, in the first quarter (1Q/16). In the prior quarter GDV was down 2.5% YOY. Over the past five quarters Diners GDV ranged between $6.47 billion and $6.76 billion. After peaking at $7.2…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Bankrate reported gross revenue for the first quarter rose 4.8% YOY to $93.3 million, compared to $93.4 million in 4Q/15 and $89.0 million for 1Q/15. Adjusted net income for 1Q/16 declined 30.6% YOY to $10.9 million, compared to $13.8 million in the prior quarter and $15.7 million in the year ago…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The American Express (AXP) International Consumer and Network Services (ICNS) unit posted nominal year-on-year (YOY) declines in revenue and income for the first quarter (1Q/16), but on a currency adjusted basis (FX), gross dollar volume (GDV) rose 100 basis points (bps), quarter-to-quarter (QTQ) and YOY, driven by international business card volume,…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Australian credit card outstandings edged up by 1.8% year-on-year (YOY) in March. Credit card credit limits increased 3.3% YOY and the number of credit card accounts rose 2.6% YOY. The average balance per account in March declined 1.8% YOY to AU$3155, compared to AU$3155 for February, and AU$3158 for January 2016. Credit…
