CardWeb.com’s CardConferences today features the mPOS WORLD CONFERENCE, June 30-July 1, 2015 in Frankfurt, Germany.
CardWeb.com’s CardData database of Company Profiles today features Digital River.
In today’s CardFlash News Que: DIGITAL RIVER (upgrade): CURBSTAND (app); PAYLEASE (PCI); and INSIDE SECURE (Cartes).
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.
Purchase dollar volume (PDV) for Visa, MasterCard, American Express and Discover cards (credit + debit) in the U.S. climbed 7.8% year-on-year (YOY) in Q1/15 reaching $1.1 trillion. Visa led the way in the first quarter posting a 9.0% YOY gain for U.S. PDV, according to CardData
MoneyGram may have turned the corner following the loss of the Walmart account as U.S.-to-U.S. transactions declined 37% in Q1, compared to a 40% decline in the fourth quarter. MoneyGram says lower pricing and self-service products in December was the primary driver.
The latest hacking victim is TX-based Sally Beauty stores. The company says it is currently investigating reports of unusual activity involving payment cards used at some of its U.S. Sally Beauty stores.
American Express has corralled nine major U.S. merchants to form the first U.S.-based coalition loyalty card program. The new Plenti card and/or FOB can be used any form of payment that the partner accepts at checkout – cash, credit, debit or prepaid and offers cardholders the ability to double-dip with other rewards payments cards.
U.S. small business optimism is reaching a fever pitch in 2015, soaring 33% since 2009 following the depth of the Great Recession, but businesses still struggle with attracting and retaining customers.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Tom Kiernan, Chief Executive Officer of ClickPay.
The migration to EMV chip cards may not be completed until sometime in 2018. A new survey of the big card issuers finds 98% of their credit and debit cards will contain EMV chips by the end of 2017.