Flex Fuel, why not a Flex Card for fleet fuel. ME-based WEX has unveiled the WEX FlexCard, its first revolving payment fleet fuel card for small businesses.
A new quarterly Index will quantify the friction in the online cross-border purchasing process. The report provides detail on merchant preparedness to handle the needs of international shoppers and offers suggestions on how merchants can capitalize on the growing opportunity in the global online marketplace.
Gross dollar volume (GDV) for Visa, MasterCard, American Express and Discover cards (credit + debit) globally rose 9.8% on a currency adjusted basis (FX). MasterCard led the pack with a 12.1% year-on-year (YOY) global GDV (FX) increase, according to CardData.
First Data reported its Merchant Solutions segment revenue for Q1/15 was $888 million, up 4% year-on-year (YOY), adversely impacted by 1% due to the sale of Electronic Funds Source (EFS). Merchant acquiring revenue increased 6% YOY due to transaction growth and revenue from the Company’s merchant suite of solutions.