A new website linking retailers to a comprehensive offering of retail payment technology services, including IT security, merchant services, Ecommerce, cloud-based IT services, POS systems, payment gateway, PCI compliance and network management has been launched.
Starting October 30, UnionPay International, the exclusive sponsor of Mnet Asian Music Awards (MAMA), will offer multiple exclusive privileges, including that of buying tickets in advance, to its cardholders.
Discover’s credit card outstandings continued strong in the third quarter rising 3.7% as Purchase Dollar Volume (PDV) rose 2.7%, year-on-year (YOY). While all other credit card metrics remained stable, overall net income for Q3/15 declined 5.0% YOY to $612 million.
CardWeb.com’s CardData database of Company Profiles today features Worldpay.
Gemalto reported second quarter total revenue soared 35.3% to €813 million, compared to €813 million in the prior quarter and €601 million in the year ago quarter. For the first six months of the year, revenue growth in Payment jumped 22%, Machine-to-Machine increased 23%, and Government Programs rose 17%, at constant exchange rates, largely exceeds lower SIM products and related services revenue.
UK consumer spending growth trends continue to validate household spending is in its strongest of times since 2010. February Expenditure was up by +1.2% year-on-year, following a similar increase in January (+1.4% on the year).
Moneris partners with Ingenico to deploy PAYD PRO, Canada’s first mobile EMV, Chip and PIN and contactless payment solution. The anytime, anywhere payment solution is currently available on the Apple iOS platform and will be available on Android in fall of this year.
Eurasian Bank announced its new mobile banking service through Monitise Create. The full-service, multi-language mobile banking app is available on iOS (iPhone) and Android to the Bank’s customer base that will exceed one million this year, with iPad and Windows Phone versions to follow. Monitise Create was approached by Eurasian Bank to define, create, develop and launch a mobile banking proposition to reflect the bank’s position as a key financial services innovator in Central Asia. The app, available in Russian, Kazakh and English, will provide all Eurasian Bank’s retail banking customers with access to transaction history for multiple accounts, intra-account transfers, bill payments, the option to apply for credit, block transactions and an ATM, branch and POS finder.
TSYS announced that it has further extended its relationship with KBC Bank Ireland (KBC), to support the bank’s credit card launch in the Irish market. TSYS currently provides debit payment services for KBC. KBC has been operating in Ireland for 40 years and is part of KBC Bank NV, one of Europe’s largest banks. KBC provides business and personal banking services to customers in Ireland.
Visa posted its fiscal 4Q/13 net income of $1.2 billion, up 15% from the year ago period, which totaled $5.0 billion for the fiscal year- up 18% from the year ago period. Net operating revenue in the fiscal fourth quarter 2013 was $3.0 billion, an increase of 9% over the prior year. Net operating revenue…
FIS has been selected by Sainsbury’s Bank as the bank’s technology partner for all its retail banking operations as part of a new strategic multi-year arrangement. With this, FIS will provide real-time core banking and back-office processing support via an outsourced model on behalf of the Bank. FIS will also deliver transition support as the bank moves its back-office services from Lloyds Banking Group to FIS. FIS’ integrated solutions will support the bank’s deposit, savings, loan and credit cards accounts, and deliver seamless channel integration to enable customers to access their accounts through telephone, internet and mobile devices. The entire operation will be hosted and run by FIS in the UK.
JPMorgan Chase posted its 2Q/12 net income down from the 2Q/11 figure of $5.4 billion to $5.0 billion. With this, net income was $1.0 billion, a decrease of $80 million, or 7%, compared with the prior year, thanks in part to a lower reduction in the allowance for loan losses compared with the prior year.…