FL-based CSI globalVCard has completed its cross-border payments offering, enabling businesses to settle transactions in the most cost effective and transparent way possible, in over 140 currencies. With the completion of its international payments offering, the award-winning electronic accounts payable solution, globalVCard paysystems, is truly a total AP solution for business. With one payment file…
Cross-border transaction volume for Visa and MasterCard rose 9.6% year-on-year (YOY) in the third quarter. Visa’s cross-border currency adjusted (FX) gross dollar volume (GDV) increased 5.0% YOY, while MasterCard rose 15.7% YOY for FX GDV in the third quarter. Cross-border volume refers to payments and cash volume where the issuing country is different from the…
Credit card fee income rose 4.4% year-on-year (YOY) in 2015, topping $94 billion. Fees in every component increased with the exception of penalty fee income with decreased slightly. R.K. Hammer estimates that the card business saw a fee income increase of $4 billion in 2015 compared to 2014. New regulations and legislation continue to have…
In 2016, every business is a digital business. Traditional businesses will be vulnerable to disruption, and emerging industries will face new threats. With cyberattacks costing businesses about half a trillion dollars – conservatively – in 2015 alone. What does 2016 hold?
Minneapolis-based Digital River has signed a strategic alliance agreement with Japan’s NIPPON SYSTEMWARE (NSW), an e-commerce solutions providers.
Cybersecurity will be a focus of the upcoming presidential election as organized crime rings continue to expand and terrorism shifts online. Retailers will continue to fall victim to attacks and suffer millions in losses and debts, leading to more lawsuits.
The number of Chinese consumers shopping U.S. brands online over the holiday season has increased 7 times over last year. Total sales from China-based consumers purchasing U.S. products through Alipay ePass increased 15 times versus last year.
BlueSnap has launched a next-generation global payment gateway that makes mobile checkout frictionless for consumers and integration to the platform simple for online merchants.
Payoneer has been selected by Amazon to expand cross-border payment options to sellers from 24 countries who sell on marketplaces in the U.S., Spain, France, Italy, Germany and U.K.
CardFlash News Briefs: GPN (talech); MYPINPAD (VocaLink); AZIMO (Nigeria); and UNIONPAY (Hong Kong).
Merchants continue to fail in delivering a seamless and localized ecommerce experience to shoppers outside their own country- a dangerous choice when 20% of all online shoppers currently come from foreign IP addresses, which is estimated to become 45% of all online shoppers by 2020.
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)