First American Payment Systems (FAPS) has ankled Bill Lodes to the leadership team as SVP, Business Development and Strategy. Lodes will be responsible for building a robust sales strategy for the Independent Software Vendor (ISV) market.
BBPOS is set to unveil its new WisePOS, an Android smartphone cum mPOS device in just a few weeks. Achieving flexibility and seamless integration into back-end systems, WisePOS demonstrates its uniqueness by combing a smartphone and mPOS features. It provides superior flexibility for merchants to use the Android platform to develop custom applications and services to reduce complexity and optimize their business.
San Francisco-based Mellanox Technologies unveiled the availability of hyper converged platforms for enterprise private clouds and telecom service providers. The reference platforms utilize VMware vSphere 6’s advanced features, including VMware Virtual SAN 6’s all-flash, and the VMware NSX network virtualization platform, connected over Mellanox’s 40Gb/s Ethernet inbox driver with DPDK support running over SwitchX switches, ConnectX-3 Pro Network Interface Cards (NICs), and LinkX cables.
Due to exponential smoothing purchase dollar volume (PDV) for Visa, MasterCard, Discover and American Express U.S. credit cards is expected to exceed $4.2 trillion annually by year-end 2019. According to forecaster RAM Research, the U.S. PDV for the U.S. credit card industry is growing at a CAGR of 10.1%.
Updated figures, based on regression analysis, shows gross dollar volume (GDV) for Visa, MasterCard, American Express and Discover cards (credit + debit) globally will rise 7.1% on a currency adjusted basis (FX) for the third quarter. RAM Research projects global GDV of $3728 billion for the third quarter.