EMVCo Helps to Implement PAR & Reduce PAN Usage

EMVCo Helps to Implement PAR & Reduce PAN Usage

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] EMVCo updates its EMV Payment Tokenization Specification – Technical Framework bulletin. The update will provide the payment community with a global, consistent framework to implement ‘Payment Account Reference’ (PAR). To be used by merchants, acquirers and payment processors, PAR can enhance security by limiting references to a cardholder’s primary account number…

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MC Leads the Major 4 Networks in Global GDV Growth

MC Leads the Major 4 Networks in Global GDV Growth

[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) globally was flat year-on-year (YOY) on a nominal dollars basis, for the fourth quarter (4Q/15). However, on a currency adjusted basis (FX) global GDV for the fourth quarter increased 9.8% YOY.  The major four networks posted…

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GPN; BEVO; ONE; and NACHA

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] In Other News: GPN (China); BEVO (POS); ONE (Buckeye); and NACHA (Board). GPN – Global Payments is offering merchants in China the ability to accept Samsung Pay, a simple and safe mobile payment service that works almost anywhere you can swipe or tap your card. As a Samsung Pay-qualified payment provider,…

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Visa Leads the Major 4 Networks in U.S. GDV Growth

Visa Leads the Major 4 Networks in U.S. GDV Growth

[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 8.1% year-on-year (YOY) in 4Q/15 reaching a record $1443 billion.
 Visa led the way in the fourth quarter posting a 8.9% YOY gain for U.S. GDV.

Visa reported fourth quarter GDV of $841…

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Top 4 Outstandings Up 2.4% YOY Driven Entirely by COF

Top 4 Outstandings Up 2.4% YOY Driven Entirely by COF

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. credit card outstandings end-of-period (EOP) among the Top 4 U.S.  issuers gained a mere 2.4% in the fourth quarter (4Q/15) year-on-year (YOY) to $376.2 billion. The gain was driven entirely by Capital One, positioned to become the nation’s second largest issuer in 2016. 
Chase reported EOP U.S. credit card outstandings…

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MasterCard U.S. Card (credit + debit) 4Q CDV Rises 6.5% YOY

MasterCard U.S. Card (credit + debit) 4Q CDV Rises 6.5% YOY

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. Cash Dollar Volume (CDV) for Visa and MasterCard (credit + debit) in the fourth quarter (4Q/15) grew at an annual rate (YOY) of 5.3%. 
Visa U.S. payment card (credit + debit) CDV for 4Q/15 was up 5.5%. MasterCard U.S. payment card (credit + debit) CDV for 4Q/15 was up 6.5%.…

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Smart Token Chain Connects Blockchain & Payment Systems

Smart Token Chain Connects Blockchain & Payment Systems

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The new Smart Contract Settlement Exchange connects diverse banking and other payments systems worldwide without requiring each institution to integrate to hundreds of upcoming proprietary blockchain payment systems. Smart Token Chain gives financial institutions the ability to create fully proprietary ledger systems and smart contract tools, yet easily exchange transaction and…

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Debt Extinguishment and IPO Expenses Kill First Data’s 4Q

Debt Extinguishment and IPO Expenses Kill First Data’s 4Q

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] First Data posted 4Q/15 revenue of $3.0 billion, up 3% year-on-year (YOY) or up 5% on a currency adjusted (FX) basis. For the fourth quarter, the net loss attributable to First Data was $1217 million, compared to a net loss of $126 million in the prior quarter, and compared to net…

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GMC Inspire Mobile Advantage Solution Offers m-Payments

GMC Inspire Mobile Advantage Solution Offers m-Payments

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Appenzell-based GMC Software (GMC) has rolled out its GMC Inspire Mobile Advantage solution. Among its key benefits is real-time dynamic statements and mobile payments. The solution makes it possible to create a responsive, interactive and regulatory compliant mobile experience with little reliance upon IT or external support. For enterprises seeking to…

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CARE Package to Deploy Popmoney for e-&m- Payments

CARE Package to Deploy Popmoney for e-&m- Payments

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Global humanitarian organization, CARE, is gearing up to accept donations via Fiserv’s Popmoney personal payment service. CARE will be one of the first organizations to accept donations through the Popmoney payment button on its website. People will also be able to make online or mobile donations via the network of more…

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CPI Extends Market Life of Visa EMV Cards to 12 Yrs

CPI Extends Market Life of Visa EMV Cards to 12 Yrs

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Visa has certified CPI Card Group products to extend the maximum market life of Visa EMV cards to 12 years, in compliance with Visa’s recently announced EMV chip card approval policy. The comprehensive Visa product line includes cards meeting a variety of authentication needs, such as online only cards, dynamic data…

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Slovenia’s NLB Offering a New Prepaid NFC MC

Slovenia’s NLB Offering a New Prepaid NFC MC

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] UK-based Prepaid Financial Services has inked Slovenia’s Nova Ljubljanska Banka (NLB) to launch a white-labelled, contactless prepaid MasterCard card and mobile sticker product. The program was soft launched at the end of 2015 and following substantial interest from millennial customers, has now been rolled out across all NLB branches in Slovenia.…

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