Global V+MA Q1 PTX Up 10% Excluding V Europe

Global purchase transactions (PTX) for Visa and Mastercard debit and credit cards, excluding Visa Europe, rose 10.1% year-on-year (YOY) in the first quarter (1Q/17). Including Visa Europe PTX increased 28.1%, according to CardData. The two networks combined processed 51.0 billion purchase transactions in 1Q/17, compared to 53.0 billion for the fourth quarter and 39.8 billion one-year…

U.S. V+MA+AXP+DFS Q1 CIF Up Single Digits

Total U.S. credit/charge cards-in-force (CIF) in the first quarter (1Q/17) for Visa, MasterCard, American Express and Discover was up 6.8% year-on-year (YOY). At the end of 1Q/17, there were 654 million U.S. credit/charge CIF compared to 612 million for 1Q/16, according to CardData. Visa U.S. credit CIF for 1Q/17 jumped 13.3% YOY to an estimated…

Fleet Card Leader WEX Adopts Aggregate Data via Custom APIs

Corporate payment solutions WEX inked a new agreement with Crawler2api. Crawler2api is a major provider of custom real-time APIs and transactional bots. The company aims to make data easily accessible for clients while eliminating the need for websites to maintain costly APIs or structured data feeds. Crawler2api’s proprietary crawling framework enables its clients to request data…

Desjardins & Monetico Propel Discover Card Acceptance in Canada

Discover Global Network has inked an agreement with Desjardins Group, the top cooperative financial group in Canada through its Monetico payment solutions, to expand acceptance in Canada. Merchants that have business relationships with Desjardins are now able to accept cards that run on the Discover Global Network, including Discover, Diners Club and alliance partner cards.…

CardConnect to be Gobbled Up by First Data in 3Q

First Data has inked a deal acquire CardConnect for $750 million. The transaction is expected to close in the third quarter. CardConnect is a provider of payment processing and technology solutions and is one of First Data’s largest distribution partners. CardConnect processes approximately $26 billion of volume annually from about 67,000 merchant customers which are…