Visa Set to Grab More Marketshare in Q2 Approaching 60% GDV

The nation’s four major payment card networks produced $1485 billion in U.S. gross dollar volume (GDV) in the first quarter (1Q/17) for a 6.0% year-on-year (YOY) gain. Visa continues to rule the market, growing its U.S. GDV marketshare from 58.7% in 1Q/16 to 61.1% in 1Q/17, largely at the expense of American Express, according to…

Cardtek Earns RuPay Level 2 Kernel w/Axis Bank

Global payment technologies provider, Cardtek, is now supporting Axis Bank to launch a national open-loop payment system for public transportation in India. The new payment solution will fully integrate the banking systems and it is certified by RuPay, the national smart card based payment standard in India, providing a secure payment platform that offers residents…

Verifone Gives Up on 2017 as Profits Sour in Q2 — Building for Fiscal 2018

The slowdown in EMV for the second fiscal quarter, (ended 4/30/17), (2Q/17) continues to drag on Verifone’s (VF) performance, as year-on-year (YOY) net income plummeted by more than 500%. The Company notes it continues divesting non-strategic businesses and allocating resources and capital to ensure the timely delivery of our new products, with a bright 2018…

AXP Enhanced BTA Sets a New Standard in Business Travel Management Tools

The beefed-up American Express Business Travel Account (BTA), now gives companies greater control and more visibility into their business travel expenses. The addition of Virtual Account Numbers in the refreshed product centralizes more types of business travel spending into a single account. The virtual account feature works with the existing booking processes of Travel Management…

Risks of Same Day ACH Debit Payments to Faster Payments Ecosystem Significant

A new report finds same day ACH debits create new opportunities for fraudsters to use the shortened settlement windows to bypass existing fraud prevention tools and defraud financial institutions, payment processors, and their customers. Also, legacy account validation processes — including prenotes and trial deposits — will be ineffective at identifying and preventing fraudulent debits,…

Monetha DTRS Mirrors Paypal and Trustpilot Running on Ethereum Blockchain

A combination of PayPal and Trustpilot, run on the Ethereum blockchain will commence on the August 22nd. Ethereum blockchain based mobile payment processing company Monetha, is powered by smart contracts with a decentralized trust and reputation system. Monetha’s decentralized trust and reputation system (DTRS) uses smart contracts integrating flawlessly with the payment processor. It is…