The nation’s fastest growing Visa and MasterCard major issuer, and the #1 near-prime/sub-prime issuer continues to plow along with solid growth in purchase dollar volume (PDV) and growth in credit card outstandings. RAM Research projects Capital One (COF) will deliver $50.9 billion in PDV and $72.4 billion in outstandings for the first quarter.Details
Among MasterCard’s four international regions one of the fastest growing areas is Asia Pacific Middle East Africa (APMEA), posting a 20.5% year-on-year (YOY) surge in 2014 purchase transactions (PTX). APMEA also reported a 16.4% increase in purchase dollar volume (PDV), second behind the Latin America Caribbean (LAC) region with 21.2% in YOY PDV growth.Details
UK-based Powa Technologies and CA-based Merchant e-Solutions have partnered to accelerate the adoption of tablet-based payments in the U.S. and Latin America. The two companies will jointly market their complementary POS and payment solutions to help independent software vendors (ISVs) bring their apps to market.Details
e-Nabler and Handpoint have buddied to bring EMV enabled turnkey tablet and handheld-based POS solutions to merchants nationwide. The
companies say their new tablet-based POS systems are making the switch affordable and attractive for merchants of all sizes.
Move over large retailers, Verifone Point is now available to small-and-medium-sized businesses (SMBs) in the U.S. through Verifone’s network of Independent Sales Organization (ISO) and acquirer partners. Until now Verifone Point was exclusively offered to big merchants by direct sale.Details
New research suggests the global mobile wallet market will grow at a CAGR of 36.8% between now and 2019. One major trend emerging in this market is increased awareness about mobile wallets as vendors are opting for various marketing strategies to promote their products.Details