SuperGroup, the UK fashion retailer, has picked Wincor Nixdorf to provide an IT managed service to support its existing stores in the UK and six other European countries, as well as supporting future expansion throughout Europe.
Global e-commerce is expected to near $3.5 trillion by 2020. Forecaster RAM Research predicts global e-commerce will grow at a compound annual growth rate (CAGR) of 20.9%.
Average losses in the first-quarter 2015 for the top six issuers were 213 basis points (bps) below their 2010-2014 averages and now at an unsustainable level over the long term. Analysts are saying the industry may be approaching the inflection point in credit performance.
Portugal’s largest credit card issuer and acquirer Unicre and the only local bank card transaction processing institution SIBS have joined hands with China UnionPay to bring card merchant acceptance coverage to 80%.
Cash dollar volume (CDV) has remained relatively flat for Visa and MasterCard credit cards, but has risen 4.8% year-on-year (YOY) on U.S. debit cards, according to CardData.
Global mobile commerce is set to explode more than three fold over the next five years as U.S. NFC payments, consumer tablet adoption and smart wearables take hold. Forecaster RAM Research predicts global m-commerce will soar from $320 billion this year to $995 billion in 2020.
Household spending ramped-up a tad more for Visa Europe in the U.K. during April, jumping 2.0% year-on-year (YOY) and 1.1% sequentially. Furthermore, expenditure growth was also recorded
on both the monthly and quarterly measures, indicating a broad-based improvement in underlying expenditure trends.
The National Bank of Abu Dhabi (NBAD) says McDonald’s diners looking to order online can now pay using MasterCard’s digital service – MasterPass.
American Express announced the launch of American Express Grow Global, a new program to help increase exporting among U.S. middle market businesses.
The largest food retailer in Russia with 10,000 stores, has chosen NCR SelfServ Self-Checkout following a five-way competitive bid.
Wirecard posted first quarter revenue of EUR 159.4 million, up 26% year-on-year (YOY). Transaction volumes processed through the platform increased by 30% to EUR 9.5 billion.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Isabelle Marand, Executive Vice President of Corporate Communication at Gemalto.