Top 4 U.S. Credit Card Issuer Outstandings Up 9.1% YOY – CardData.com

U.S. credit card outstandings end-of-period (EOP) among the Top 4 U.S. issuers gained 9.1% in the third quarter (3Q/16) year-on-year (YOY) to $394.5 billion.  The gain was driven largely by Citibank as its acquisition of the Costco card portfolio from American Express has skyrocketed outstandings. BofA was unseated as the nation’s second largest in the second…

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Wirecard’s Merchant Acquiring Services Comes to AU via Cuscal

Cuscal, one of Australia’s top payment services companies, is working to allow Wirecard’s merchant acquiring services throughout Australia, with Cuscal as acquiring BIN sponsor. That includes the use of Wirecard’s proprietary omnichannel payment processing platform to receive credit and debit card transactions in Australia. The partnership with Cuscal allows Wirecard to offer Australian and global…

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Asian SMBs Targeted for SaaS via the Visa Business Hub in Singapore

Deskera, a specialist in Software as a Service, has inked a partnership with Visa, to provide SaaS to Small and Medium Businesses (SMBs) through the Visa Business Hub (VHB) in Singapore. The VHB, launched earlier this year, is a one-stop portal that delivers tangible value to business customers in Asia. The Deskera and Visa collaboration…

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Seamless Debit Authentication System Deployed in South Africa

NY-based Boloro, a specialist in multifactor mobile authentication technology on a mobile payment platform, has launched the first in a series of new, global products in South Africa to help eliminate fraud. Boloro’s Debit Authentication System puts security in the hands of each user, because only the user has its mobile handset and only the…

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Major 4 U.S. Networks Post 7.5% YOY 3Q Gain in U.S. GDV

Gross dollar volume (GDV) for Visa, MasterCard, American Express and Discover credit cards in the U.S. climbed 7.5% year-on-year (YOY) in 3Q/16 reaching a record $804 billion.   Visa led the way in the third quarter posting a 18.1% YOY gain for U.S. GDV. Visa reported third quarter U.S. credit card GDV of $424 billion,…

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Android M-Pay App boon Expands Functionality in Spain, Ireland & Germany

Users of the Android mobile payment app boon are now able to use their virtual prepaid credit card, which can be topped up and which forms the basis of the app, for mobile online purchases. The app issued by Wirecard offers a transparent overview of the entire transaction process. Wirecard, a supplier of internet technology,…

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Increased Penetration of International Credit and Debit Cards in Casino Gaming

There has been a significant change in consumer behavior in the global casino gaming market. The increase in the popularity of gambling apps and social gambling are the major factors expected to propel the growth of the market during the forecast period. Vendors are leveraging the growth in internet using population and increasing adoption of…

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Small Business Optimism is Back on Track Driven by Good Holiday Sales

A new survey finds small business owners are preparing for weaker sales this holiday season, with only 23% expecting an increase in sales – down from 29% a year ago. Smaller businesses (with under $1 million in annual revenues) are driving the negative outlook, feeling less optimistic about holiday sales compared to their larger counterparts…

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Commercial Card Improvements: Controls & Compliance and Incentive/Rebate Programs

A new survey reveals numerous areas where Commercial Card providers can both educate and better serve their end-user clients. Solutions available today address top areas of concern such as control and security related to all product types. Solutions including automated compliance monitoring and mobile alerts are not yet commonly adopted by end-users but could address…

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