Purchase Dollar Volume (PDV) for Visa, MasterCard, Discover and American Express U.S. debit cards is expected to reach $2.7 trillion annually by year-end 2019. According to forecaster RAM Research, the U.S. PDV for the U.S. debit card industry is growing at a CAGR of 7.70%.
San Francisco-based Cointent has raised $1 million in its initial funding to become a provider of micropayments to online publishers. The service would enable online content providers to sell individual articles, songs, videos, etc for as little as five cents.
FL-based Debt.com has unveiled a new money map the ranks the current financial literacy and consumer debt behaviors of every state in the country by combining three major factors. The factors include: how well people in each state perform on financial literacy quizzes, financial habits and state laws on teaching the subject.
Middle market companies’ optimism about the national economy exceeds the outlook for their local economy and industry performance. About two-thirds (68%) of middle market companies are optimistic about the U.S. economy, compared with 54% in 2014.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Timothy Cheung, president and CEO of Datacard China.
NJ-based Paydunk is rolling out its new ecommerce app to be in stores May 1. Currently the company has 11 small online retailers ready to use Paydunk.
While some Apple Pay critics scoff at the low number of retailer locations available as its coming demise, others argue that writing off Apple Pay for its slow initial adoption misses the forest for the trees.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Brooks Smith, President and CEO of InComm.
First Data inked an extended agreement with Sam’s Club to improve member access to First Data solutions and technologies. The deal will also aim to help members to understand the EMV migration.
CardWeb.com’s CardData Reports today features the “Mobile Money Market” report from MarketsandMarkets. The report defines the global market based on various transaction modes, nature of payments, location types, types of purchases and industrial verticals with an in-depth analysis and forecasting of market sizes.
Uber is now part of Capital One’s Quicksilver program. Quicksilver cardholders will receive 20% back as a statement credit on all Uber rides through April 2016 when they pay using their Quicksilver or QuicksilverOne card.
TSYS joins the growing list of acquirers to offer enablement of full service payment processing under American Express OptBlue, the small merchant acquiring program from American Express.