PDV +17% and PTX +35% YOY in Visa’s CEMEA Region

PDV +17% and PTX +35% YOY in Visa’s CEMEA Region

After trailing off over the past four quarters Visa’s Central Europe – Middle East – Africa (CEMEA) region rebounded nicely in the first quarter (1Q/16). Purchase dollar volume (PDV) and purchase transactions (PTX) both soared well into double-digits year-on-year (YOY). The number of gross accounts (GAC) and cards-in-force (CIF) remained stable in 1Q/16. Gross Dollar…

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MC Europe 1Q Cash Volume Soars 25% FX YOY; PDV Steady

MC Europe 1Q Cash Volume Soars 25% FX YOY; PDV Steady

MasterCard’s European region remained solidly in double-digit year-on-year (YOY) gains for the first quarter (1Q/16). On a currency adjusted basis (FX) cash dollar volume (CDV) exploded more than 25% YOY and purchase transactions (PTX) topped 23% YOY in 1Q/16. Europe is MasterCard’s second largest international region based on GDV and MasterCard’s fastest growing region. Gross…

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Virtual Piggy Ankles John Coyne to Overhaul Business Models

Virtual Piggy Ankles John Coyne to Overhaul Business Models

Virtual Piggy has ankled a seasoned financial services and technology executive as its new CEO and Chairman. John Coyne took over the helm last month. He is focusing on simplifying and updating Virtual Piggy’s business models by leveraging its current infrastructure and enhancing its operating environment for mobile payments to enable more flexibility to meet rapidly changing…

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SuperCom Ankles Former PowaPOS & VeriFone Exec

SuperCom Ankles Former PowaPOS & VeriFone Exec

Herzliya, Israel-based SuperCom has ankled Zvi Mitlanski as its new VP of Secure Financial and Retail Solutions. Mr. Mitlanski brings with him over 20 years of executive management and business leadership experience across the payments, banking, retail, government and telecommunication sectors, with experience driving global business development, sales mmanagement, M&As, marketing and organizational development for international companies…

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ADS Operating on All Cylinders; Metrics Look Good for 2016

ADS Operating on All Cylinders; Metrics Look Good for 2016

Dallas-based Alliance Data Systems (ADS) reported a first quarter (1Q/16) year-on-year (YOY) surge in credit card outstandings, purchase dollar volume (PDV) and Card Services revenue. Overall revenue and income were pressured by currency exchange rates (FX). ADS reported gross revenue rose 4.7% YOY in 1Q/16 to $1676 million, compared to $1749 million for 4Q/15, and…

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