WU 3Q/15
Western Union (WU) reported third quarter (3Q/15) revenues, on a currency adjusted basis (FX), increased 3% year-on-year (YOY). Net income declined 0.8% YOY to $232.2 million.
Cross-Border & Shopping
China continues to lead the march to online and cross-border shopping habits. This year’s findings support the growth trend: 35% of online shoppers claim to have shopped cross-border in 2015, vs. 26% in 2014. China’s overall online shopping population saw modest growth (81% of online adults report having shopped online in the last 12 months in 2015, vs. 80 % in 2014)
Dotz & CNCO
Companhia Brasileira De Servicos De Marketing, operator of Brazil’s dotz loyalty program, in which Alliance Data System’s LoyaltyOne holds a sizeable equity stake, has expanded into the metropolitan area of Rio de Janeiro, with a population of 6.3 million and the second-largest city in Brazil.
Western Union Q3/15
Western Union reported Consumer-to-Consumer (C2C) constant currency third quarter revenues increased 3%, while reported revenues declined 3%. Consumer-to-Business (C2B) revenues grew 6% in the quarter, or 10% constant currency, driven by the Argentina walk-in and the U.S. electronic bill payments businesses.
Visa Checkout Tokens
Visa has integrated token technology into Visa Checkout, the company’s online check out service used by merchants and consumers globally. Additionally, Visa is working with merchants to apply token technology to “cards-on-file.”
Visa Checkout Brazil
Visa Checkout in Brazil is real. The first merchant to offer Visa Checkout is Futebolcard, the Brazilian service which allows soccer fans to purchase tickets for games in 12 different stadiums.
Other Breaking News
In today’s CardFlash News Que: GEMALTO (award); TIMETRIC (Argentina); CREDITCARDS.COM (retail cards); and TIMETRIC (South Korea).
3dcart & Visa Checkout
3dcart announced a program with Visa Checkout to help small businesses launch their online stores. For a limited time, new and existing 3dcart customers can receive a one-month extension toward their hosting plan on their billing cycle when they enable Visa Checkout as a payment service on their website.
Western Union Q2/15
Western Union reported second quarter (Q2/15) revenues declined 2% year-on-year (YOY), primarily due to the impact of the stronger U.S. dollar, however on a constant currency basis, Q2/15 revenues increased 4% YOY.
Gabriel Yelin
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Gabriel Yelin of President of Argentina’s CertiSur.
MC Travel Services LAC
MasterCard has launched its Travel Service program in the Latin America and the Caribbean region. The program is now available to cardholders in the following markets: Brazil, Mexico, Colombia, Argentina, Chile, Peru, Dominican Republic, Ecuador, Costa Rica, Panama, El Salvador, Honduras, Nicaragua and Guatemala.
Visa Checkout
Digital payments are coming of age as Visa Checkout increases consumer engagement and higher order values for online merchants. A new report from comScore found that Visa Checkout shoppers convert to online buyers at a rate of 69%.