New research finds more than 50% of all cards in use now have EMV chips on them. From October to November, the percent grew 5% as banks and card issuers accelerated their rollout of new chip cards.
Seoul-based Bluebird has unleashed five brand new products on the payments market. The new gizmos include the EF500, EF500R, ET100, RT100, and MT280.
Verifone has added another gizmo to its mobile point-of-sale (mPOS) portfolio. The new Verifone e265 offers independent and micro merchants the flexibility to accept all major payment types and integrate with smart devices for value-added commerce capabilities.
UnionPay has launched QuickPass in Beijing with more than 20 commercial banks. Consumers can pay not only with UnionPay cards but also via its mobile solution QuickPass.
Australian credit card outstandings edged up by 1.4% year-on-year (YOY) in October. Credit card credit limits increased 3.7% YOY and the number of credit card accounts rose 3.6% YOY.
Visa and MasterCard U.S. gross (open) payment card accounts (GAC) for the third quarter (3Q/15) grew 7.4% year-on-year (YOY). U.S. credit GAC was up 7.3% YOY and U.S. debit GAC increased 7.5% YOY in 3Q/15.
Atlanta-based Global Payments has inked a definitive agreement to acquire NJ-based Heartland Payment Systems.
The cash-and-stock transaction is valued around $4.3 billion.
FreshDirect and MasterCard have inked a deal today to enable the online fresh food grocer to accept MasterPass.
PayPal will broadcast its first Super Bowl ad this year. The 45-second television commercial will air Sunday, February 7 during the 1st quarter of the legendary championship game.
IL-based Infinite Peripherals has unveiled an all-in-one EMV/Chip and PIN mobile POS solution. The Infinea mPOS and Infinea mPOS Flat solutions are for the iPhone 5 and iPod touch 5th and 6th generation.
Samsung Pay has corralled another 19 issuers including support for eligible PNC Visa credit and debit cards and KeyBank MasterCard credit and debit cards.
The bank card default rate increased 16 basis points (bps) in November from the previous month, to 2.91%. For all consumer credit the composite ratio was 0.97% in November, up three bps from the previous month.