Citi Q1/15

The nation’s fourth largest Visa and MasterCard issuer ended 2014 with declining outstandings, below industry average purchase dollar volume (PDV) and a slight uptick in delinquencies, but profits remained flat sequentially. Forecaster RAM Research projects Citibank (Citi) will post $64.1 billion in outstandings and $41.1 billion in PDV for the first quarter.

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UnionPay 2019

China UnionPay (CUP) is on a path to dwarf all other global payment systems combined and on a trajectory to cross the US$10 trillion in annual transaction value milestone in mid-2016 and may reach US$18 trillion by end-of-year (EOY) 2019. CUP racked up US$6.5 trillion in transaction value last year, according to CardData. Forecaster RAM Research’s CAGR Corner computes CUP compound annual growth rate (CAGR) at 23.44% .

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Ingenico iWL US

Paris-based Ingenico unveiled an iWL series Wi-Fi enabled mobile terminal solution for use in the U.S. market. The new iWL will enable merchants to accept any and all forms of payment including MSR credit and debit, EMV contact and contactless cards, stored-value cards, mobile NFC and contactless systems such as Apple Pay, MasterCard contactless and Visa payWave.

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