Visa Europe reports the amount spent at point-of-sale broke through €1.5 trillion for the first time last year, a rise of 9.4% from 2013, with a total of 37 billion transactions. This means Visa now accounts for €1 in every €6 spent in Europe.
Prepaid card specialist Green Dot reported a 10.4% year-on-year (Y/Y) gain in Gross Dollar Volume (GDV) and a 6.9% increase Purchase Dollar Volume (PDV), for the fourth quarter.
CA-based SEKUR.me introduced a Strategic Alliance Program that enables telecoms, financial institutions, social media, smartphone manufacturers, healthcare, large systems integrators to enter the mobile eCommerce/mCommerce payment market quickly.
CT-based VantageScore Solutions reports nearly one billion VantageScore credit scores were used in 2014, by over 2,000 lenders and other industry participants, including six of the 10 largest banks. This represents a 24% increase in the number of users of the VantageScore models and a nearly 600% increase in the number of scores used as compared with 2013.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Diane Jackson, VP of Business Development and Strategic Marketing of Corporate Service Group of CPI Card.
MyECheck has signed a LOI to acquire 100% of the stock of Seergate, developer of an electronic payment software platform for banks.
The Seergate system will be integrated with the MyECheck payment systems adding multiple new capabilities to MyECheck’s payment platform.
FL-based MerchACT has announced the launch of the Offshore FASTLANE Merchant Service. If a business falls into any category that is not considered low risk e-commerce, setting up an offshore merchant account is a must.
Prepaid card king Blackhawk Network launched a new division dedicated to providing customized engagement, incentive and rebate programs for consumers, employees and sales channels.
SIX Payment Services saw online transaction volumes rise in 2014 alongside constant increases in traditional card payments using credit and debit cards at the point of sale. The range and volume of payment transactions made online, in high street stores and through a variety of other locations offering goods and services continued to expand in tandem with technical innovations. Mobile wallets, which became a hot topic in 2014, are likely to gain momentum in 2015 with the launch of Apple Pay. We also anticipate that NFC payments (near field communication) and omni-channel solutions will effectively remove the dividing line between online and offline activities. SIX Payment Services saw global transaction volumes increase 10%, rising from 1.195 billion in 2013 to 1.315 billion in 2014. The total transaction volume (MSV) amounted to EUR 57.5 billion. Almost half the transactions (48%) came from the international business of SIX. The number of cards processed increased by 2% to 25.7 million in 2014.
U.S. bank credit card Purchase Dollar Volume (PDV) for the four biggest issuers climbed 8.4% year-on-year (Y/Y) in Q4. The growth was driven by Capital One and Chase, up 15.5% and 9.8% Y/Y, respectively.