Processors AMS & BSR Ink Financing Deal as BSR Accelerates from ISO to FSP

Applied Merchant Systems (AMS) has expanded its senior credit facility with Goldman Sachs and Business Development Corporation of America through a Strategic Transaction with Blue Square Resolutions. Blue Square’s founder, Sabin Burrell, has become a significant shareholder; while also continuing to serve as CEO of BlueSquare. AMS now has 17,500 merchant accounts that contribute over…

Payments Software Leaders to Unveil the Latest POS Stuff at the NYC Big Show

Star Micronics is teaming up with seven top payments related software partners at National Retail Federation (NRF) Big Show to show-off their latest cool payments products. Partners include: Star Cloud Services, Itemize, Dôr, MoZONE, Thirdshelf, nClose and e-Nabler. Star Micronics has designated a portfolio of printing, secure cash management, and customer engagement solutions for any…

Visa Mastercard CIF Up 8% YOY Driven by Costco Card Conversions

U.S. cards-in-force (CIF) for Visa and Mastercard payment cards (credit & debit) increased 7.8% year-on-year (YOY) in the third quarter (3Q/16), according to CardData.com. U.S. credit cards increased 11.2% YOY while CIF for debit cards rose 5.1% YOY, in 3Q/16. There are were 1249 million Visa and Mastercard payment cards in circulation in the U.S.…

Payfone Lands More Investment as TNS Joins AXP in Latest Funding Round

Payfone, a specialist in mobile identity authentication for digital channels, has nailed another funding round of $23.5 million. Among new investors is Transaction Network Services. American Express Ventures remains an initial investor. BlueCross BlueShield Venture Partners and Andrew Prozes led the round with new investors Strauss Zelnick, Maclab Development Group and Transaction Network Services, and with participation from current investors…

Visa Sets U.S. PDV YOY Record as GAC/CIF YOY Hovers Near 10%

Visa’s U.S. payment card (credit+debit) purchase dollar volume (PDV), for the third quarter (3Q/16), logged its highest year-on-year (YOY) gain in more than three year. Even though the big Visa issuers struggle with stagnant growth in accounts (GAC) and cards-in-force (CIF), Visa continues to hover near double-digits YOY. Visa’s U.S. gross dollar volume (GDV) increased…