MasterCard’s (MC) Asia Pacific – Middle East – Africa (APMEA) region Gross Dollar Volume (GDV) FX-adjusted inched down in the third quarter to a year-on-year (YOY) gain of 14.0%, compared to 15.2% in the prior quarter and 17.0% in the year ago quarter.
Elan Financial Services launches a new credit card partnership with People’s United Bank. The deal provides a full suite of MasterCard-branded products with valuable reward options to the bank’s customers as well as access to enhanced payment technologies, such as digital wallets and real-time activity alerts.
MasterCard’s (MC) Asia Pacific – Middle East – Africa (APMEA) region Q2/15 FX-adjusted Purchase Dollar Volume (PDV) is expected to dip to 14.6% for the third quarter, according to RAM Research. MC’s APMEA region Q2/15 FX-adjusted PDV rose year-on-year (YOY) by 15.4% in the second quarter, according to CardData.
MasterCard has unleashed its “Take 5 to Protect Yourself” initiative, a campaign to encourage cardholders to fight fraud by taking just five minutes to sign up for MasterCard ID Theft Alerts™. The “Take 5 to Protect Yourself” campaign is the latest in the company’s ongoing commitment to protecting consumers’ financial and personal information.
MasterCard’s (MC) Asia Pacific – Middle East – Africa (APMEA) region Q2/15 FX-adjusted Purchase Dollar Volume (PDV) rose year-on-year (YOY) by 15.4%, but down sharply from Q2/14’s 17.6% YOY gain. But a nice rebound from the past four quarters says CardData.
While the average yield for U.S. Visa and MasterCard-branded credit cards, issued by the top four issuers, declined 10 basis points (bps) sequentially (QOQ) in the second quarter to 11.44%, the peer group has bumped up by 6 bps year-on-year (YOY). In Q2/15, Chase was the only top issuer with an increase in yield QOQ, according to CardData.
MasterCard is teaming with Premier Bank, becoming the first international payments network to enter Somalia. Premier Bank will now issue and accept the first MasterCard-branded payment cards in Somalia, a country that hasn’t had any form of formal banking service since the collapse of the government and financial services system in 1991.
MasterCard’s (MC) Europe region Q1/15 Gross Dollar Volume (GDV) rose year-on-year (YOY) by 15.1%, and solid compared to Q1/14’s 14.7% YOY gain. The figure is more than twice the growth rate in the US and bests the global MC Q1/15 GDV gain of 12.1%.
MasterCard’s (MC) Asia Pacific – Middle East – Africa (APMEA) region Q1/15 Gross Dollar Volume (GDV) rose year-on-year (YOY) by 15.0%, but down sharply from Q1/14’s 19.0% YOY gain. GDV for the region declined in all of the past five quarters.
MasterCard got a settlement done with Target to resolve claims by MasterCard and its issuers related to the retailer’s 2013 serious screw-up data breach. Under the agreement, Target will make available up to $19 million in alternative recovery offers to eligible banks and credit unions across the globe.
The average yield for U.S. Visa and MasterCard-branded credit cards, issued by the top four issuers, will likely decline by eight basis points (bps) for the first quarter, and down 30 bps from mid-year 2014. Forecaster RAM Research projects an average yield for the Big 4 of 11.30% in the first quarter, compared to 11.59% one-year ago.
International (excluding the USA) Gross Dollar Volume (GDV) for Visa (VS) and MasterCard (MC) credit cards rose 2.0% year-on-year (Y/Y) in the fourth quarter (Q4/14), on a dollar basis. On a local currency basis VS’s growth in Q4/14 international credit cards GDV growth slightly outpaced MC by 50 basis points (bps), according to CardData.