The four major global payment card networks (excluding Visa Europe, CUP and JCB) produced an 8.3% year-on-year (Y/Y) gain in Purchase Dollar Volume (PDV) during the first quarter of 2014 (Q1/14). Visa (VS), MasterCard (MC), American Express (AX) and Discover (DS) produced $2124 billion in global PDV, compared to $1961 billion in the year ago quarter.
The four major global payment card networks (excluding Visa Europe, CUP and JCB) produced a 6.6% year-on-year (Y/Y) gain in Gross Dollar Volume (GDV) during the first quarter of 2014 (Q1/14). Visa (VS), MasterCard (MC), American Express (AX) and Discover (DS) produced $3.087 trillion in Global GDV, compared to $2.896 trillion in the year ago quarter.
Swish Payments Chip-and-PIN mPOS card reader announced that they’ve successfully secured PCI PTS 3.1 certification, including SRED for this fully mobile payment device. The Swish Chip-and-PIN card reader works in tandem with a merchant’s Android or iOS smartphone or tablet to securely process chip and magstripe card transactions. It boasts a sleek capacitive keyboard for PIN entry, lightweight, ergonomic design and it’s small enough to fit comfortably in the palm of your hand. Swish has taken great care in developing a mobile payment infrastructure which not only allows for ease and speed of payment, but more importantly, protects transaction data throughout the entire payment process. In line with this philosophy, Swish is an accredited PCI DSS Level 1 service provider. They’ve also obtained EMV Level 1 and Level 2 certifications, and have now added the PCI PTS 3.1 certification to their list of achievements.
Merchants and service providers can now instantly download version 3.0 PCI compliance policies and procedures containing hundreds of high-quality, professionally developed security templates for helping ensure rapid PCI compliance. The PCI DSS mandates are growing larger every day, expanding to more and more businesses, so now’s the time to obtain the very best security documentation found anywhere today.The version 3.0 PCI compliance policies and procedures from pcipolicyportal.com. It includes a comprehensive process for becoming compliant with the Payment Card Industry Data Security Standards (PCI DSS) that includes a step-by-step checklist for assessing one’s specific PCI requirements and overall needs. It also includes professionally developed information security and operational specific policies, procedures, forms, checklists, templates – and more – for ensuring rapid compliance with the PCI DSS standards. Additionally, section II contains dozens of critical provisioning and hardening documents for securing all in-scope system components.
PaymentVision PCI-compliant electronic payment gateway services will host a free Data Security Essentials webinar designed to help managers of compliance, accounts receivables, and operations professionals learn about payment card and data security. The event will share information and tools to help business owners and compliance managers understand payment card and data security, the benefits of PCI DSS v3.0, managing the PCI DSS scope, and the new PCI DSS v3.0 requirements.
Revel Systems has launched its iPad POS system for drive-through. This expands Revel Systems’ product offering for fast food and enterprise-level clients, providing them with a fully integrated video chat experience with their fast tablet-based POS system. The Video Drive-Through POS operates with three iPad devices, including Revel’s QSR iPad POS terminal. This enables seamless drive-through functionality and allows guests an engaging and easy way to order their food.
Delego Software Inc., an industry-leading enterprise payment and security solutions company, today announced the launch of DelegoInsights, an enhanced addition to Delego’s robust reporting package built on SAP® BusinessObjectsTM. DelegoInsights is designed to provide greater insight into electronic payment data stored within the merchant’s ERP system
San Francisco-based mobile payments pioneer, Square, is now doing more than 10 million digital receipts a month. Now they have added a new product that turns digital receipts into a powerful channel between buyers and sellers.
DISH today announced that it will become the largest company to accept bitcoin. As the first subscription model pay-TV provider to make this move, DISH will begin accepting bitcoin payments from customers starting in the third quarter. DISH has selected Coinbase as the payment processor for bitcoin transactions with customers who choose to pay their bill online with the bitcoin wallet of their choice. DISH will use Coinbase’s Instant Exchange™ feature to exchange bitcoin payments to U.S. dollars at the moment of the transaction.
Virtual Piggy, Inc.this morning announced it has partnered with international payment service provider, GlobalCollect. GlobalCollect is the most knowledgeable global payment service provider in the world, processing international e-commerce payments for many of the world’s most recognized e-commerce brands in the travel, retail and video game industries, including Levi’s, Sony BMG, Estee Lauder and Valve. The company processes payments in more than 150 currencies in over 170 countries.
CardLinx is forming the CardLinx Europe Council and the CardLinx Canada Council. The upcoming charter meetings will bring together senior executives from the most influential companies in card-linking from each region. Card-linking, a phenomenon gaining popularity worldwide, enables consumers to redeem deals without paper coupons or promo codes and gives merchants a real measure of their ad spend effectiveness. CardLinx’s regional councils will engage two of the largest card-linked markets in establishing global standards for the industry.
VeriFone and iPayment, Inc.,announced a complete tablet point of sale solution. iPayment POS is designed for the more than 150,000 small business merchants iPayment currently serves directly, through independent sales organizations (ISOs) and other multiple direct distribution channels throughout the U.S. This solution is a combination of VeriFone’s industry leading GlobalBay Merchant technology and other iPayment proprietary solutions.