International payment cards-in-force (CIF) for Visa and MasterCard increased 7.1% year-on-year (YOY) in the fourth quarter (4Q/15). International debit card CIF rose 9.1% YOY, while international credit card CIF increased 4.2% YOY. MasterCard’s international debit card CIF YOY is growing more than seven times Visa’s international debit CIF. International payment card CIF at the end…
DBS Bank has chosen and has begun implementing the VeriFone “Vx 510” payment solution for the enhanced “ComPass VISA” card, a co-branded credit card jointly offered with Hutchison Whampoa. The upgraded “ComPass” smart card was launched last month. The “ComPass VISA” card program recently celebrated its 10th anniversary. About 5,000 “Vx 510” payment systems have been deployed across the Hong Kong SAR, including in mega-retail chains such as Park N Shop. “ComPass VISA” has approximately 500,000 cards in circulation, the largest customer base for chip cards in Hong Kong.
[Click Here For The Full Story.]