US Bank Reports Explosive Consumer Credit Card GDV

US Bank Reports Explosive Consumer Credit Card GDV

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. Bank (USB)’s Payment Services division reports explosive year-on-year (YOY) growth in consumer credit card gross dollar volume (GDV), as well as a substantial YOY gain in credit card outstandings (OUT) for the first quarter (1Q/16). Payment Services includes consumer and business credit cards, stored-value cards, debit cards, corporate, government and…

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Rumors: MasterCard in Final Stages of a Vocalink Acquisition

Rumors: MasterCard in Final Stages of a Vocalink Acquisition

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Rumors continue to swirl in regard to a deal for MasterCard to acquire the Vocalink, the UK operator of the Faster Payments service for approximately £1 billion (US$1.13 billion). The British press, including Sky News, says 13 banks which are shareholders in Vocalink have approved a period of exclusivity within which…

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Oti & Microtronic to Attack Cashless Vending Payments

Oti & Microtronic to Attack Cashless Vending Payments

Israeli On Track Innovations has inked a strategic partnership with Swiss-based Microtronic, a European provider of closed loop cashless payment systems for vending and office coffee service (OCS). The companies will introduce a solution that integrates Microtronic’s e-vending and closed loop payment solution into oti’s CONNECT 3000 telemetry device and proven line of TRIO and…

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Visa Recognizes Q-Card for Contactless & HCE Testing

Visa Recognizes Q-Card for Contactless & HCE Testing

Q-Card is now a Visa recognized testing Laboratory for Contactless Card Level 1, Mobile Contactless Level 1 and HCE Level 1. The Visa accreditation further expands Q‐Card’s functional type approval offering to better service card, chip and mobile handset manufacturers. Q‐Card is an ISO 17025 accredited laboratory and has received EMVCo Level 1 accreditation for…

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BRIEFS – WAVE ; APRIVA; EMV; and SHOPIFY

In Other News: WAVE (CCB); APRIVA (SEAA); EMV (resources); and SHOPIFY (product). WAVE – Wave Sync announced that Guangdong Branch of China Construction Bank, one of China’s four major banks, launched a pilot program to issue new audio bank cards embedded with our inlays. Under this pilot program, audio cards with our inlays, once applied…

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Global POS Terminal Market to Hit to Top $103B by 2023

Global POS Terminal Market to Hit to Top $103B by 2023

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] New research reveals the Point of Sale (POS) terminals market size was over 32 million units in 2015, which is forecast to grow at 18.3% CAGR to reach 126 million units by 2023.  The Global Market Insights study also found the POS Terminals Market size is forecast to be worth US$103.52…

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Retail & Restaurants Acknowledge Critical Role of POS

Retail & Restaurants Acknowledge Critical Role of POS

A new study found the vast majority retailers and restaurant owners recognize the critical role of their POS in the overall customer experience. The research revealed 86%, 84% and 83% say the opportunity to collect new and expanded insights on customers, operations and product, respectively, had at least moderate influence on their decisions to implement…

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