MasterCard’s European region remained solidly in double-digit year-on-year (YOY) gains for the first quarter (1Q/16). On a currency adjusted basis (FX) cash dollar volume (CDV) exploded more than 25% YOY and purchase transactions (PTX) topped 23% YOY in 1Q/16. Europe is MasterCard’s second largest international region based on GDV and MasterCard’s fastest growing region. Gross…
PayCommerce has ankled Jose Martinez-Benavente as VP, European head of global business development in Europe. This role will not only deepen PayCommerce’s regional customer relationships; but also further strengthen the firm’s European footprint. Mr. Martinez-Benavente is based in Frankfurt, Germany and brings over 20 years experience in the non-cash electronic payments industry. He has led…
Utrecht-based Equens is expanding its product portfolio to include an end-to-end pan-European instant payment service. The delivery to the market of the first components is scheduled for the second quarter.
Naples, FL-based ACI Worldwide reported third quarter revenue of $238.7 million, a 4.2% decline from 3Q/14. Net income for 3Q/14 of $14.78 million also declined by 6.1% from $15.73 million one-year ago.
CardFlash News Briefs: PEPPERMINT (funding); INAUTH (expansion); HYPERWALLET (milestone); and NFCC (Synchrony).
MasterCard’s (MC) European region 3Q/15 Gross Dollar Volume (GDV) rose year-on-year (YOY) by 16.9% on a currency adjusted basis (FX) and solid compared to 3Q/14’s 12.1% YOY gain.
China’s Alibaba Group has ankled two managing directors for its European expansion. Sébastien Badault is now the managing director of Alibaba Group France, and Terry von Bibra is now managing director of Alibaba Group Germany.
Germany-based Wirecard unveiled boon, a new payment solution for Android smartphones operating in four European countries. The app is now available via the Google Play Store in Germany, the Netherlands, Austria and Belgium with more to come.
As the European Banking Authority (EBA) develops its Regulatory Technical Standards, and as the EU Member States consider the detail of PSD2, any regulation governing online payments should enable and encourage the e-commerce sector to balance the twin considerations of risk and convenience (otherwise growth would be stifled and costs would increase).
Five interconnected forces are set to disrupt retail, presenting retailers with powerful challenges and opportunities. Economic, demographic, technology, urban and consumer forces are combining to create new markets, transform consumer expectations and reshape the rules of retail.
Visa Europe says a nuanced and segmented risk-based approach is required for e-commerce. If you have already determined that a transaction is legitimate, there is absolutely no need to force a customer to authenticate themselves.
In today’s CardFlash News Que: VECTOR (Sequent); AOC (3Delta); VODAFONE (Wallet) and UNIONPAY (Hong Kong).