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Spending tops $20 trillion on global card networks in 2016 – Infographic
Global card purchase volume for goods and services, which excludes cash advances on credit cards and cash withdrawals on debit cards across the global card networks, grew by 5.8% to $20.606 trillion in 2016, according to The Nilson Report. UnionPay debit cards were the most popular payment product based on purchase volume, followed by Visa [...]
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Visa launches Visa Checkout online payment portal in UK
Visa has launched its online payment method, Visa Checkout in the UK, with travel company lastminute.com, the first domestic merchant to offer the payments platform. According to Visa, Visa Checkout allows consumers to securely store shipping and payment details without having to re-enter information while shopping online. Instead, customers can simply enter a username and password [...]
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Visa’s $20 billion European expansion beginning to pay off
Visa Inc. acquired Visa Europe, spent a lot, and says it has no regrests. Revenue climbed more than analysts expected in the fiscal Q2 and is expected to increase to the upper end of company’s earlier forecast even as expenses remain elevated on costs tied to its purchase last year of Visa Europe. The payments network spent about $1.5 [...]
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Discover becomes most widely accepted card scheme worldwide
Discover is now the most widely accepted card scheme worldwide ahead of Visa and Mastercard, largely due to rapid growth in the number of outlets accepting Discover cards in China. China drives growth in global card acceptance The number of card-accepting merchant outlets worldwide increased by 15% in 2015 to 54 million according to Global [...]
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European consumers ready to use biometrics for securing payments
According to new research from Visa, consumers across Europe are interested in using biometrics when making a payment – especially when integrated with other security measures. Nearly three-quarters (73%) see two-factor authentication, where a biometric is used in conjunction with a payment device, as a secure way to confirm an account holder. Two-factor authentication includes [...]
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