MasterCard is taking an equity stake in First Performance to grow First Performance’s ability to offer payment card issuers and processors self-service tools for cardholders. The deal is a global extension of a license for the proprietary MasterCard In Control technology.
NJ-based Heartland Payment Systems reported Small and Mid-Sized Enterprise (SME) quarterly transaction processing volume was $20.8 billion, up 15.6% from $18.0 billion in the first quarter of 2014. Also, quarterly net revenue was $190.3 million, up 22.4% from Q1/14.
NCR’s Digital Insight is providing Touch ID functionality for mobile banking applications to its financial institution customers. Touch ID will be generally available later this year.
MasterCard (MC) U.S. credit + debit purchase dollar volume (PDV) rose 7.1% year-on-year (YOY) in Q1, driven by an 8.1% YOY gain in U.S. debit cards. However, MasterCard’s YOY gains in both U.S. card products has been slowing over the past year.
Total U.S. consumer debt hit $9.99 trillion in the first quarter, down 1.1% from Q1/14. While credit card debt remains robust, the slight year-on-year (YOY) decline is driven by a contraction in first and second mortgage debt.
Cards-in-Force (CIF) for Visa, MasterCard, American Express, Discover, JCB and UnionPay is expected to approach seven billion by end-of-year (EOY) 2019. According to forecaster RAM Research, CIF for the global debit card industry is growing at a CAGR of 8.88%.
Ontario-based Everlink Payment Services has introduced a mobile fraud management solution for credit union and bank clients. The new Lock’N’Block enables cardholders to “Lock” or “Unlock” their debit card on the fly.
The Payments Security Task Force is joining hands with the PCI Security Standards Council and the EMV Migration Forum to launch an EMV program to streamline the testing and certification process for Value Added Resellers (VARs) and Independent Software Vendors (ISVs).
Davie, FL-based Bankers Healthcare Group has unveiled a credit card designed for and exclusively available to healthcare providers. The new BHG Power MasterCard comes in a line of six different credit cards.
Baltimore-based E-Complish is introducing Text2Pay to its popular DirectPay Interactive Voice Response (IVR) solution.The integration will seamlessly merge the verbal telephone payment process with the text message payment process.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Donald Boeding, Merchant Services President of Vantiv.
The second class of the FinTech Innovation Lab Asia-Pacific
Accenture is open through May 31. The 12-week program helps early- and growth-stage financial technology innovators accelerate product development and gain exposure to top-level financial industry executives.