CardWeb.com’s CardExecs database of payments industry movers and shakers today features Hassan Mayassi, CEO, Acquiring Payments Solutions and MD, Emerging Markets Payments Jordan.
The quick service restaurant (QSR) market in the US to grow at a CAGR 3.11% in terms of revenue over the period 2014-2019. However, consumers these days prefer flexible menu and delivery options, such as home or online delivery.
The demand for contactless cards is set to grow substantially over the period 2015-2019 in Brazil due to upcoming 2016 Olympic games. Meanwhile, contactless cards became available in the country in 2013 after the launch of the Ourocard card by Banco de Brasil.
Humboldt Merchant Services is funding Operation Underground Railroad (OUR) and Vista Maria. These two world-class organizations are dedicated to the eradication of human trafficking and sex slavery.
MS-based Renasant MasterCard debit cardholders now have access to payments through Apple Pay. When paying for goods and services within apps, Apple Pay is compatible with iPhone 6, iPhone 6 Plus, iPad Air 2 and iPad Mini 3.
Visa and MasterCard U.S. debit card gross dollar volume (GDV) rose 6.2% year-on-year (YOY) in the second quarter to $649 billion. Over the past four quarters Visa and MasterCard have racked $1.822 trillion in U.S. debit card GDV, according to CardData.
U.S. credit card outstandings end-of-period (EOP) among the Big 6 issuers rose by a mere 2.3% year-on-year (YOY) in the second quarter to $474.5 billion. Capital One (+11.0%) and American Express (+6.9%) YOY led the pack, with Discover (+4.2%), while Chase was flat, BofA (-0.6%) and Citibank (-4.2%), cleaned up the rear, according to CardData.
Phnom Penh-based Canadia Bank and China’s UnionPay have inked a deal for card issuance cooperation. Under terms of the deal UnionPay debit cards will be launched at the beginning of the next year to provide local residents with more convenient and preferential payment services for daily purchase and international travel.
Japan’s Sumitomo Mitsui Banking has partnered with Plug and Play’s Financial Technology and Security Platform of Innovation. The strategic partnership between Sumitomo Mitsui Banking Corporation and Plug and Play FinTech will provide startups with the support they need to further transform the world of financial technology.
Target, the nation’s most innovative retailer, will start testing beacon technology in 50 of its stores nationwide. With beacon technology, the company says it will be able to send information about deals as well as recommendations directly to consumers’ smartphones, provided they opt in to receive these alerts.
BitPay has nailed several partnerships with payments companies from around the globe. During the first half of 2015, the company has signed deals with PSPs Payfirma, Sonic Payments, BillPro, Kadu, OpenPay, and Ixopay. These payments companies are based on three continents and, in total, serve more than 100 countries.
SNAP card benefits are being extended to Wisconsin and New Mexico thanks to FL-based FIS. More than 205,000 households in New Mexico are enrolled in Supplemental Nutrition Assistance Program (SNAP), and more than 450,000 households in Wisconsin receive benefits via SNAP or Women, Infants and Children (WIC) – both federal programs created to provide support to individuals and families.