A U.S. District Court judge on April 10 dismissed litigation accusing three leading card issuers of colluding to require cardholders to enter into arbitration to settle disputes instead of class-action litigation. Cardholders in the case failed to show that American Express, Citigroup and Discover Financial...
Chinas UnionPay now has the world’s top-used debit card, having taken the honor last year away from long-time leader Visa, according to the Nilson Report. When comparing debit card purchase volume, UnionPay’s share increased by 738 basis points to 47.19 percent. Visa’s share fell 605 basis...
While B2C e-commerce has been growing at a steady pace the past 15 years, B2B e-commerce in the recent years is now experiencing big growth. At over $500 billion in estimated total sales, the market is an increasing target for innovators, developers and retailers. However,...
To cover Voyager members wherever the road may take them, U.S. Bank announced their pilot program, U.S. Bank Fleet Virtual Pay, on April 9th. This program will enable cardless purchases wherever MasterCard is accepted, expanding payment options that are available for drivers while eliminating the...
It had been known since the summer of 2013 that The European Parliament’s Economic and Monetary Affairs (ECON) Committee would vote to introduce a cap on multilateral interchange fees (MIFs) for credit and debit card payments. In a controversial move, the ECON Committee decided to...
According to a study released by ecommerce software company Hybris, in conjunction with Econsultancy, it was determined that B2B ecommerce in Australian and New Zealand is lagging behind B2C and the rest of the world. The research report, the ‘State of Ecommerce in Australia and...
Several Russian banks were recently denied services by Visa and MasterCard, and now the general public is concerned about the country’s financial situation, according to RIA Novosti. The Russian Central Bank has now invited the country’s banks and payment platforms to help find a new...
Developed and emerging markets are heading down two different paths when it comes to consumer use of mPOS devices, according to ROAM’s CEO Ken Paull. In a recent podcast interview with Market Platform Dynamics CEO Karen Webster, Paull elaborated on these findings and what’s next...
In Part Two of this exclusive series, MasterCard’s Chief Emerging Payments Officer, Ed McLaughlin gives Karen Webster the view from his perch on who’s doing the most game-changing stuff in mobile, which represent the biggest opportunity of all and where the “white spaces” are that...
