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Archive for April, 2016

MasterCard Earnings Beat Estimates as Card Spending Climbs

Thursday, 28 April, 2016

MasterCard Inc., the second-largest U.S. payments network, reported profit that beat analystsÂ’ estimates as card spending increased. …read more

Source:: Payments Source – Credit

Visa’s Fraud Alert Plan Moves Ahead with April Deadline

Wednesday, 27 April, 2016

Visa issuers will be required by October of this year to provide a transaction alert service to cardholders — but if they don’t have a plan in place this week, Visa will step in with its own offering. …read more

Source:: Payments Source – Credit

Capital One Plays the Long Game on Card Rewards

Tuesday, 26 April, 2016

Capital One’s rewards and marketing may cause some short-term performance issues, but the institution’s aggressive posture is necessary in the current environment, the company’s CEO said. …read more

Source:: Payments Source – Credit

Chipping Away at EMV’s Pain Points, MasterCard Trims Payment Times

Tuesday, 26 April, 2016

The hurdles to broader EMV adoption in the U.S. have many causes, but to the consumer the end result is typically the same: A longer payment process with no immediate gain. …read more

Source:: Payments Source – Processing

KKR Swings to First-Quarter Loss as First Data Stake Slumps

Tuesday, 26 April, 2016

KKR & Co. reported a loss for the first quarter after its biggest investment, in payments processor First Data Corp., lost a fifth of its value, highlighting the heightened exposure a private equity firm takes on when it bets its own money on a company. …read more

Source:: Payments Source – Processing

U.S. Bancorp to Sell Stake in Brazilian Unit of Elavon

Monday, 25 April, 2016

U.S. Bancorp said Friday that it has agreed to sell its majority stake in a Brazilian technology division of its Elavon payments processing subsidiary. …read more

Source:: Payments Source – Processing

First Data Halves Loss as Adjusted Profit Tops Analyst Estimates

Monday, 25 April, 2016

First Data Corp., the payments processor that went public last year, halved its losses in the first quarter as revenue increased. …read more

Source:: Payments Source – Processing

Why Credit Card Rewards Models Are Getting Unsustainable

Monday, 25 April, 2016

It didn’t take long for debit card issuers affected by the Durbin amendment fee caps to cut back or eliminate rewards programs to recoup costs. Issuers now engaged in the increasingly competitive credit card rewards and loyalty environment may soon have to face that same decision. …read more

Source:: Payments Source – Credit

Digital Gold ‘Done Right’ With DigixDAO Crypto-Trading On OpenLedger

Saturday, 23 April, 2016

The idea of digital gold is nothing new. Essentially it’s a development of representative money back in the days of the gold standard. Instead of handing over pieces of gold, which are cumbersome to transact and risky to transport and store, instead one would hand over a piece of paper …read more

Source:: Forbes – Technology

MasterCard’s Rumored VocaLink Purchase Flexes Faster-Payments Muscle

Friday, 22 April, 2016

MasterCard will vault itself deep into the faster payments landscape and position itself better to compete with Visa in the U.K. if a £1 billion acquisition of VocaLink unfolds as reported on a U.K. news site. …read more

Source:: Payments Source – Processing