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SIX Payment Services is taking a stake in UnionPay International Corporation Limited (UPI), which was set up by China UnionPay (CUP) at the end of 2012 with the aim of more selectively promoting use of the UnionPay card across the globe. Members of the new enterprise include companies from the financial industry throughout the world. [...]

The post SIX Payment Services is a founding member of UnionPay International appeared first on Payments Cards & Mobile.

After a protracted decline beginning in mid-2009*, weighted average industry loss rates experienced a plateau in the fourth quarter of 2012.  Purchase volumes increased compared to both the prior year and, for the seventh consecutive period, the prior quarter.  Credit card issuers continue to struggle with receivables growth as year-over-year totals were down for the [...]

The post U.S. Credit Card Issuer performance snapshot appeared first on Payments Cards & Mobile.

Based on our analysis of recently released data from European central banks, The European Paymentys Cards Yearbook (http://www.paymentcardyearbooks.com) estimates that European card market growth rates continued to rebound in 2012 from a low point in 2009, and credit card volumes had especially robust growth. In Western Europe, nominal growth rates for card volumes are back [...]

The post European Card Market growth continues to rebound appeared first on Payments Cards & Mobile.

Thales and Miura Systems have announced an integrated mobile payment solution that enables merchants to adopt mobile point of sale (mPOS)  systems that fully support PIN based transactions, including the use of EMV chip cards. For years, smaller merchants such as market stall traders, home repair tradesmen and even charities have been excluded from the [...]

The post Thales and Miura introduce MPOS appeared first on Payments Cards & Mobile.

Adyen has announced that zooplus, Europe’s leading online retailer for pet products, has become the latest merchant to switch its online payment processing to Adyen. Increasing sales and continued expansion across Europe has led to very high growth rates for zooplus, making it a necessity to implement a payment solution that could be hosted from [...]

The post zooplus Goes live with Adyen to power payments across Europe appeared first on Payments Cards & Mobile.