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For the first time since Q4 2008, near the height of the credit crisis, year-over-year receivables increased by more than 1% in Q1 2014. Purchase volume increased by 7.0% on a year-over-year basis, a trend that has been consistent since the end of the great recession (note: quarter-over-quarter receivables and purchase volume decreased by 5.3% [...]
The post Q1 2014: US Credit Card Issuer performance snapshot appeared first on Payments Cards & Mobile.
Card Payments in Europe – Cards and payments at the POS and on the internet continued to drive significant growth in many European countries. The roll-out of contactless cards has started while there is again higher use of ATMs. New challenges for the industry are mPOS terminals, digital wallets and QR codes versus NFC technology. by Horst [...]
Private equity firms Advent International and Bain Capital have entered exclusive talks to buy Danish card payment services company Nets Holding for more than €2 billion ($2.8 billion), two people familiar with the matter said. Advent and Bain, which jointly own British payment processing company WorldPay and have teamed up for the Nets bid with Danish [...]
The post Bain and Advent in exclusive talks to buy card payment firm Nets appeared first on Payments Cards & Mobile.
ACI Worldwide an international provider of electronic payment and banking systems, has announced strengthened support for UnionPay, the largest card network in the world. ACI’s clearing solution, ACI Interchange, opens up new markets for financial institutions and processors by enabling support for UnionPay transactions while extending infrastructure options to include IBM System p AIX. UnionPay [...]
Through a sequence of product launches in the last years, the payment industry has stepped further into the focus of general public. Especially mobile acceptance initiatives are mushrooming around the globe and getting media attention. Up to now, more than 40 mobile acceptance initiatives have been counted worldwide, about one third of them based in [...]