The UK saw Europe’s largest annual jump in card fraud losses for 2015. Most of the 18% rise in losses came from online transactions, reflecting the growth in this channel, the ease of accessibility to funds and lower risk for criminals, and the theft of personal data through cybercrime. The online map, based on data…
In today’s CardFlash News Que: EBANK (debit cards); MasterCard (Media-Saturn); LOYLOGIC (PayPoints); and WISEKEY (conference).
In today’s CardFlash News Que: TSYS (exec); MASTERCARD (kiwi); OPUS (MEPSA): and WESTERN UNION (Greece).
Although Greece is in the debt dumpster and China’s UnionPay (CUP) is afraid of Visa’s and MasterCard’s entry into China next year, CUP has accelerated cooperation with multiple mainstream institutions and acceptance coverage of UnionPay cards reached 60% and 40% for ATMs and merchants respectively, basically encompassing places frequently visited by tourists.
Global discretionary spending intentions declined or remained steady in the first quarter across all lifestyle categories. While confidence across global regions remained relatively stable in the first quarter, there is considerable variation across different markets.
Bulgarian payment cards will likely hit 9 million cards-in-force (CIF) this year growing at a compound annual growth rate (CAGR) of 2.08%. Transaction value is expanding at a CAGR of 7.33%, rising to BGN16.3 billion (US$8.7 billion) in 2014.
Luxembourg’s payment cards (including debit and credit cards) grew at a significant compound annual growth rate (CAGR) of 23.14%, between 2009 and 2014. In terms of transaction value, payment cards produced EUR10.2 billion (US$13.5 billion) in 2013, registering a CAGR of 10.60%, during the same period.
Visa Europe reports there are more than 100 million contactless Visa cards, as are 1.8 million Visa terminals as of end-of-year 2014. Hundreds of big-name merchants are rolling-out contactless and annual transaction volumes exceeded 460 million which is 263% higher than the previous year and the value of those transactions is 283% higher than the previous year.
Wincor Nixdorf and Travelex will provide payment processing services for its ATMs for at least another seven years, whereby Wincor Nixdorf will continue to provide payment processing for ATMs across much of Europe. Travelex’s existing ATMs in Asia Pacific and North America will migrate onto Wincor Nixdorf’s global platform allowing it to simplify its business. The companies started their relations in 2010 and have also agreed to promote Direct Currency Conversion (DCC) services, a platform that allows ATM users to use the exchange rate offered by Travelex to have the transaction converted into their home currency at the time of cash withdrawal.
Wincor Nixdorf and Travelex will provide payment processing services for its ATMs for at least another seven years, whereby Wincor Nixdorf will continue to provide payment processing for ATMs across much of Europe. Travelex’s existing ATMs in Asia Pacific and North America will migrate onto Wincor Nixdorf’s global platform allowing it to simplify its business. The companies started their relations in 2010 and have also agreed to promote Direct Currency Conversion (DCC) services, a platform that allows ATM users to use the exchange rate offered by Travelex to have the transaction converted into their home currency at the time of cash withdrawal.
Wincor Nixdorf and Travelex will provide payment processing services for its ATMs for at least another seven years, whereby Wincor Nixdorf will continue to provide payment processing for ATMs across much of Europe. Travelex’s existing ATMs in Asia Pacific and North America will migrate onto Wincor Nixdorf’s global platform allowing it to simplify its business. The companies started their relations in 2010 and have also agreed to promote Direct Currency Conversion (DCC) services, a platform that allows ATM users to use the exchange rate offered by Travelex to have the transaction converted into their home currency at the time of cash withdrawal.
Wincor Nixdorf and Travelex will provide payment processing services for its ATMs for at least another seven years, whereby Wincor Nixdorf will continue to provide payment processing for ATMs across much of Europe. Travelex’s existing ATMs in Asia Pacific and North America will migrate onto Wincor Nixdorf’s global platform allowing it to simplify its business. The companies started their relations in 2010 and have also agreed to promote Direct Currency Conversion (DCC) services, a platform that allows ATM users to use the exchange rate offered by Travelex to have the transaction converted into their home currency at the time of cash withdrawal.