UnionPay and BCcard Roll-Out HCE mobile QuickPass in South Korea

UnionPay and BCcard Roll-Out HCE mobile QuickPass in South Korea

UnionPay and BCcard jointly launched UnionPay HCE mobile QuickPass in South Korea, which will enable the local UnionPay cardholders to pay by tapping their mobile phones. South Korea becomes the first overseas market to have launched mobile QuickPass. Mobile QuickPass is UnionPay’s new mobile payment solution. It supports both offline contactless payment via mobile phones…

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U.S. Gross Credit Card Accounts Among Top 4 Issuers Flat YOY

U.S. Gross Credit Card Accounts Among Top 4 Issuers Flat YOY

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Gross or open accounts (GAC) for U.S. credit cards among the nation’s four largest issuers were flat year-on-year (YOY) in the first quarter (1Q/16) to 190.0 million, compared to 189.9 million one-year ago. The GAC growth is driven by Capital One, while Chase, Bank of America (BofA) and Citibank face YOY…

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Capital One Posts Double-Digit YOY Gain in U.S. Cards-in-Force

Capital One Posts Double-Digit YOY Gain in U.S. Cards-in-Force

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. Credit Cards-in-Force (CIF) among the Top 4 issuers edged up by a mere 1.9% year-on-year (YOY) at the end of the first quarter (1Q/16) to an estimated 236.1 million cards, compared to 232.9 million in 4Q/15, and 231.6 million for 1Q/15. Capital One blew the other three top issuers away…

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Visa Continues to Lead the Major 4 Networks in U.S. GDV YOY

Visa Continues to Lead the Major 4 Networks in U.S. GDV YOY

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Gross dollar volume (GDV) for Visa, MasterCard, American Express and Discover cards (credit + debit) in the U.S. climbed 9.0% year-on-year (YOY) in 1Q/16 reaching a record $1401 billion.   Visa led the way in the first quarter posting a 10.0% YOY gain for U.S. GDV. Visa reported first quarter GDV…

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Other News: FISERV; CHECKALT; SAFETYPAY; and CARDX

In Other News: FISERV (Notifi); CHECKALT (Klik); SAFETYPAY (growth); and CARDX (Paychex). FISERV – Fiserv has launched a platform for the delivery of real-time alerts, enabling financial institutions to meet growing expectations among consumers and small businesses for information that is timely and actionable. Notifi from Fiserv consolidates information from across a financial institution’s systems…

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MasterCard Powers 2MM Vodafone Cash Wallets in Egypt

MasterCard Powers 2MM Vodafone Cash Wallets in Egypt

MasterCard and Vodafone Egypt have completed the migration of two million Vodafone Cash mobile wallets to MasterCard’s open mobile payments ecosystem. The migration also enables MasterCard to power Vodafone Egypt mobile money service, Vodafone Cash, by processing all financial transactions through MasterCard’s Mobile Payment Gateway platform, which MasterCard has worked closely with the Egyptian Banks…

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Oberthur Beefs-Up its COSMO Fly Dual Interface Card

Oberthur Beefs-Up its COSMO Fly Dual Interface Card

Oberthur Technologies has unveiled its new multi-payment dual interface card developed on OT’s Global Platform and Java-based operating system. OT’s COSMO Fly v5.8 is the first dual interface product which includes the latest features from both Visa and MasterCard. It is the first MasterCard M/Chip Advance v1.2 certified products with multi-application requirements and also conforms…

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