Other Payment News: VISA; VISUALANT; BANKRATE; and ELAVON

In Other Payment News: VISA (campaign); VISUALANT (funding); BANKRATE (acquisition); and ELAVON (canada). VISA – Visa launched its most ambitious integrated global Olympic Games campaign in the company’s history. Marking a bold new direction in Visa’s marketing and communications, the “Carpool” campaign will run globally across all media channels from digital to broadcast as an…

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MasterCard Speeds U.S. Merchant EMV Adoption

MasterCard Speeds U.S. Merchant EMV Adoption

MasterCard has now joined Visa in launching new initiatives to accelerate EMV adoption among U.S. merchants. The new EMV chip terminal testing and certification program covers acquirers and value-added resellers (VARs). More than 70% of all U.S.-issued MasterCard branded consumer credit cards are now chip cards. MasterCard operates a chip terminal testing and certification process…

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Dragonfly Captures Malaysian Money Remittance Market

Singapore-based Dragonfly Fintech (DF), inked a deal to power the Malaysian Metro Money Exchange. The remittance market in Malaysia is about $10 billion annually. The payment and settlement solution will be implemented in partnership with BC Fintech, a Dragonfly system integrator. The solution will drive the entire remittance chain, from wholesale foreign exchange to the receipt…

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Largest U.S. Retailers Remain Omnichannel Laggards

Largest U.S. Retailers Remain Omnichannel Laggards

The largest retailers continue to struggle to become omnichannel-ready. Sporting goods merchants lead the omni-ready pack, followed closely behind by mass merchants and electronics/entertainment while grocery and pharma continue to be laggards. According to the Vantiv/PYMNTS.com OmniReadi Index, the top 30% of merchants appear to be on their way to becoming OmniReadi, but the remaining…

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POS NFC Poised to Explode Through 2022

POS NFC Poised to Explode Through 2022

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] There is a consensus NFC-ready POS terminals globally will grow at a compound annual growth rate (CAGR) of 28.4% from 23 million units in 2015 to 75 million units in 2019. According to new report from KBV Research, NFC technology’s potential is anticipated to make NFC a leading technology for mobile…

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CPI Shareholders Sue Over the Company’s 2015 IPO

CPI Shareholders Sue Over the Company’s 2015 IPO

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] CPI Card Group has been hit with class action shareholder lawsuits in regard to its October 2015 IPO and 1Q/16 earnings report. On May 11, CPI reported disappointing financial results for the first quarter, stating “primary impact resulting from lower than expected EMV card shipments,” according to President and CEO Steve…

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U.K. Consumer Credit Remains Solidly Robust in April

U.K. Consumer Credit Remains Solidly Robust in April

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.K. consumer credit continues to expand at a brisk pace, hovering around 10% year-on-year YOY. In April total consumer credit grew to £183.2 billion. The three-month annualized and twelve-month growth rates, seasonally adjusted (SA), were 10.4% and 9.6% respectively. The Bank of England (BOE) reports consumer credit increased by £1.3 billion…

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U.S. Consumer Credit Hits the Brakes in April

U.S. Consumer Credit Hits the Brakes in April

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] April consumer revolving credit card debt slowed considerably at an annual rate of +2.1%, compared to a revised +13.3%% in March and a revised +2.9% in February. Overall consumer credit increased at a seasonally adjusted annual rate of +4.5% in April. Non-revolving credit increased at an annual rate of +5.4%. Total…

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Wells Fargo to Lead the Charge in B2P Next Year

Wells Fargo to Lead the Charge in B2P Next Year

Wells Fargo is rolling-out Payment Manager B2P (business-to-person) in early 2017, enabling businesses to pay any consumer who has a U.S. bank account without collecting or storing sensitive bank account information. Wells Fargo & Company’s commercial, corporate, and institutional customers will soon be able to speed up B2P (business-to-person) electronic payments with its new payment…

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Australia Consumer Card Spending Heads North in April

Australia Consumer Card Spending Heads North in April

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Australian credit card gross dollar volume (GDV) slipped upward, posting a 2.7% year-on-year (YOY) in April. Purchase dollar volume (PDV) increased 2.6% YOY and cash dollar volume (CDV) was 0.5% YOY YOY in April. GDV rose in April to AU$24.3 billion, compared to a revised AU$26.3 billion in the prior month…

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