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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U.K. Consumer Credit Remains Solidly Robust in April

U.K. Consumer Credit Remains Solidly Robust in April

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 in April, compared to…

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