CardWeb.com’s CardData database of Company Profiles today features processor Digital River. The Company is a major provider of Commerce-as-a-Service solutions.
The Democratic Republic of Congo’s Banque Commerciale Du Congo (BCDC) has inked a deal to issue thousands of MasterCard Debit cards to its customers. The new cards will be targeted primarily at private banking clients and at expatriates living and working in the country.
China UnionPay is delivering more cardholder tourists to Central and eastern European countries than ever before. In 2014, the number of tourists traveling to China from Hungary and Czech Republic saw a year-on-year growth of about 12%.
Countries that have already adopted EMV have experienced a significant increase in online fraud following the migration, and the U.S. is not expected to be an exception. In fact, online fraud increased 21% in Europe in 2012, in part due to the introduction of EMV cards.
Only 58% of students from four-year institutions said they were prepared to manage their money, while 12% of respondents said they never check their bank balances because they are too nervous. Additionally, 16% of student respondents lived paycheck to paycheck and yet only three-quarters stopped spending when their bank account balances were low.
Visa’s average ticket (TIX) per point-of-sale (POS) purchase has been rock solid for the past five years. According to CardData, the Visa average TIX for full-year 2014 for credit cards is $84.18 and $37.57 for debit cards, down 60 cents and up 48 cents respectively, compared to 2010.
The nation’s fourth largest Visa and MasterCard issuer ended 2014 with declining outstandings, below industry average purchase dollar volume (PDV) and a slight uptick in delinquencies, but profits remained flat sequentially. Forecaster RAM Research projects Citibank (Citi) will post $64.1 billion in outstandings and $41.1 billion in PDV for the first quarter.
China UnionPay (CUP) is on a path to dwarf all other global payment systems combined and on a trajectory to cross the US$10 trillion in annual transaction value milestone in mid-2016 and may reach US$18 trillion by end-of-year (EOY) 2019. CUP racked up US$6.5 trillion in transaction value last year, according to CardData. Forecaster RAM Research’s CAGR Corner computes CUP compound annual growth rate (CAGR) at 23.44% .
Paris-based Ingenico unveiled an iWL series Wi-Fi enabled mobile terminal solution for use in the U.S. market. The new iWL will enable merchants to accept any and all forms of payment including MSR credit and debit, EMV contact and contactless cards, stored-value cards, mobile NFC and contactless systems such as Apple Pay, MasterCard contactless and Visa payWave.
FIS has opened its fourth payments innovation lab to serve as a hotbed for the continued development of the Company’s disruptive digital and mobile capabilities, as well as shorten time-to-market for new applications.
Austin-based Mozido joins in mezzanine funding for IdentityMind Global, a risk management platform for e-commerce and regulatory compliance. The investment will also integrate IdentityMind’s technology into Mozido’s MoTEAF platform, a cloud-based mobile payments ecosystem.
TSYS’ ProPay has rolled-out a suite of services designed to simplify and enable payment facilitators with aggregation and traditional payment processing services. The new ProFac Express product offers
online application/boarding; underwriting services/risk management; and processing capabilities.