Singapore-based United Overseas Bank (UOB) has become the first bank in Asia-Pacific region to implement the Visa Token Service. The bank is integrating the Visa Token Service as part of its digital wallet UOB Mighty.
Total U.S. gross accounts (GAC) in the third quarter (3Q/15) for Visa, MasterCard, American Express and Discover was up 7.1% year-on-year (YOY). At the end of 3Q/15, there were 491.0 million U.S. credit GAC compared to 458.3 million for 3Q/14.
Driven by EMV and Apple Pay-related sales, Verifone reported net earnings rose 23% in the fourth quarter (4Q/15) ending October 31st. Net revenues for the quarter rose 4.7% year-on-year (YOY)
Los Angeles-based provider of online payment processing and multi-currency merchant services, Allied Wallet, has integrated its e-commerce payment solution with Jigoshop’s WordPress e-commerce plugin.
Austin, TX-based perk.com has inked an asset purchase agreement with Viggle, a mobile and web-based entertainment marketing platform.
Samsung wqnts to usher in the new year. Samsung Pay users will have the chance to be treated to an exclusive, special performance and private New Year’s Eve party featuring the platinum-selling recording artist, Usher, in Los Angeles.
HomeSend, the international payment and money transfer hub, has launched live remittance services for Johannesburg-based Hello Paisa, a South African money transfer operator.
A pilot program to provide credit cards to “credit invisible” consumers who have been shut out from certain banking services because of their nonexistent or insufficient credit history with the traditional reporting agencies is now available.
International gross transactions (GTX) for Visa and MasterCard credit and debit cards grew by 11.3% year-on-year (YOY) in the third quarter (3Q/15). International GTX for credit cards increased 8.4% YOY while international GTX for debit cards soared 20.3% YOY in 3Q/15.
International payment cards-in-force (CIF) for Visa and MasterCard increased 6.7% year-on-year (YOY) in the third quarter (3Q/15). International debit card CIF rose 10.4% YOY, while international credit card CIF increased 3.8% YOY.
Profits (after tax) among the nation’s top four bank credit card issuers declined 0.6% in the third quarter (3Q/15), compared to one year ago (YOY) and soared 9.9% sequentially (QOQ).
U.S. Gross Dollar Volume (GDV) among the big six U.S. bank card issuers, rose an estimated 6.8% year-on-year (YOY) and 0.6% sequentially in the third quarter.