Much has been made of card industry fees for many years. Congress and regulators, journalists and card members, all have joined in. It seems there is no end in sight to fee income as the proverbial punching bag.
DHgate becomes the first merchant in China to go live with MasterCard’s MasterPass. China Construction Bank commenced use of MasterPass in March, becoming the first issuer in China and Asia to implement MasterPass with its digital wallet, LongPass.
Citi cardmembers now have a quicker and simpler way to make online purchases with the new Citi Wallet. Citi cardmembers now no longer have to enter their credit card, billing and shipping information when making purchases at thousands of merchants. Citi Wallet is available to all Citi U.S. consumer credit cardmembers. It’s easy to get started by registering your Citi credit card at www.citi.com/citiwallet using the same login credentials used to manage the Citi account online. Citi Wallet can be used to make purchases online wherever MasterCard’s MasterPass is accepted, including thousands of participating merchants like FTD.com, Gilt, MLB.com, Rakuten.com, LivingSocial and more.
At mid-year, Visa remains the U.S. giant with a 57.9% market share, compared to 26.2% for MasterCard, 13.4% for American Express and 2.5% for Discover, according to CardData.
Visa outpaces MasterCard in Gross Dollar Volume in the second quarter. Overall, Gross Dollar Volume growth was up significantly for both networks.
MasterCard MEA and Bloom Bank have teamed to add a new cardholder program to contribute towards removing mines and cluster bombs from all Lebanese territories. The “BLOM MasterCard Giving Card” is the first of its kind payment.
Visa (VS) and MasterCard (MC) debit card activity ramped up in the second quarter, as Purchase Dollar Volume (PDV) on U.S.-issued debit cards jumped 8.3% year-on-year (Y/Y) in the second quarter of 2014 (2Q/2014) to $457 billion, according to CardData.
HomeSend becomes the first international remittance provider to give users access to Indosat’s 24,000 locations and 60 million users. HomeSend is a joint venture created by MasterCard, eServGlobal and BICS.
MasterCard (NYSE: MA) and Web.com Group, Inc. (Nasdaq: WWWW), a leading provider of Internet services and online marketing solutions for small businesses, today announced an agreement to feature Simplify Commerce™ as the preferred payment provider for all of Web.com’s brands and platforms. Web.com serves more than 3.2 million small business customers ranging from restaurants and…
MasterCard and First Data Corporation today announced a strategic alliance to provide a unified solution for First Data’s FirstVision platform powered by VisionPLUS with the introduction of MasterCard inControl for banking clients and customers in Asia Pacific.
MasterCard led the four networks in year-on-year gains in market share for cards-in-force for the U.S. in the second quarter, gaining 60 basis points, while Visa declined 40 basis points; American Express remained flat; and Discover declined 20 basis points.
MasterCard’s European Gross Dollar Volume rises 13.0% on a local currency basis to US$344 billion in the second quarter, compared to US$312 billion in the prior quarter and US$302 billion in the year ago quarter.