Mastercard Globally OK But U.S. Business Spirals Down for Another Quarter

Mastercard’s U.S. purchase dollar volume (PDV) quarterly year-on-year (YOY) growth has been spiraling down this year tumbling for the fourth consecutive quarter to 2.5% in the first quarter (1Q/17), compared to 2.7% for 4Q/16, and 10.3% for 1Q/16, according to CardData. While overall Mastercard is solid globally its U.S. business is sinking fast. Mastercard reported…

FleetCor on Fire – Q1 Profits Solid & Major B2B Acquisition in the Wings

GA-based FleetCor Technologies (FLT), a major provider of fuel cards and workforce payment products to businesses, reported first quarter (1Q/17) profits jumped 11.3% year-on-year (YOY) as domestic and international transactions also posted double-digit YOY gains in 1Q/17, according to CardData. FleetCor says its fundamentals were strong, organic revenue growth was approximately 10% in the quarter,…

Verifone Nails a Major Ukraine Payment-as-a-Service POS Deal

PrivatBank, the largest acquirer in Ukraine, has selected Verifone as its payment solution and service provider. As part of a three-year deal, Verifone will set up and manage PrivatBank merchants with point-of-sale (POS) solutions giving PrivatBank the freedom to focus on their more than 120,000 merchant clients of all sizes and verticals with financial services.…

Mastercard on a Roll in Combining Financial Inclusion with Digital Payments

With more than two billion people still excluded from the mainstream of financial services, Mastercard is at the forefront, stepping up its efforts to increase financial access for citizens around the world by developing innovative payment solutions that enhance the adoption of cashless transactions and by stitching together strong public and private alliances that accelerate…