Deals Facilitate AliPay in Germany & Empowers VEON Platform in Italy

Wirecard has recently nailed two big deals, one in Germany and one in Italy. In Germany Wirecard inked high-quality knife and cookware specialist Zwilling as a customer for Alipay. The company operates in nearly 100 countries worldwide and is one of the largest kitchen and household goods chains in Germany. The kitchenware specialist will now…

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Mastercard Slowly Making Inroads on Visa in LAC – Q1 GDV Up 13% FX

Visa and Mastercard purchase dollar volume (PDV), currency adjusted (FX), in the Latin American Caribbean (LAC) region has been robust with year-on-year (YOY) growth in double digits. Mastercard has been slowly gaining on Visa in the LAC, eroding Visa’s marketshare in the LAC region, based on nominal PDV, to 64% at end-of-year (EOY) 2016, compared…

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Credit Card Debt

AmEx Costco Loss Fuels Top 4 V/MA Issuers Q1 GDV YOY Growth

U.S. Gross Dollar Volume (GDV) among the top four bank credit card issuers, rose an estimated 19.0% year-on-year (YOY) in the first quarter (1Q/17). The strong growth was driven by Citibank and its Costco portfolio acquired from American Express early last year, according to CardData. The top four U.S. issuers racked up an estimated $351.3…

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Note to e-Merchants: Investments in Online Security Yield Tangible Benefits

Nine-in-ten U.S. consumers say they have made at least one online purchase in the past 12 months, and more than seven-in-ten have made three or more online purchases in the same time frame. Nearly half of online shoppers say they have increased the frequency of their online purchases in the last year. At the same…

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2018 Will Herald Arrival of New Tools in the Fight Against CNP Fraud

Retailers stand to lose $71 billion globally from fraudulent CNP (Card-Not-Present) transactions over the next five years. Factors, such as the USA’s shift to EMV cards, delays in 3DS 2.0 (3D-Secure) and click-and-collect fraud were key drivers behind the rise. New data from Juniper Research has found many merchants still perceive combatting fraud as too…

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Visa + MC Intl Q1 GAC +8% YOY — A/P Region Most Robust

Visa and Mastercard international gross (open) payment card accounts (GAC) for the first quarter (1Q/17) grew an adjusted 7.5% year-on-year (YOY). International credit GAC was up 14.5% YOY and international debit GAC soared 33.2% in 1Q/17, both unadjusted, according to CardData. Visa began including Visa Europe in its operational performance reports as of 3Q/16. Visa…

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V+MA+AXP+DFS Global Card Q1 Card P/L Screwy & Skewy at Best

Profits for the top four networks were all over the map year-on-year (YOY) in the first quarter (1Q/17). The network peer group net income declined 29.9% YOY for 1Q/17, driven by huge declines posted by Visa and American Express, according to CardData. Since 1Q/16 Visa folded in the Visa Europe portfolio and began reporting operational…

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Mastercard to Take-Over UK TSB Visa Debit Cards in 2018

Mastercard has inked a major deal with Britian’s TSB to issue Mastercard debit cards to all the Bank’s current account customers in 2018 as part of a 7 year deal. TSB will continue to issue Mastercard credit cards over the same term. The agreement means that together the two organizations will partner to offer additional…

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