After almost a decade of partnership with Discover, Wal-Mart and its subsidiary property Sam’s Club have elected to enter into an agreement to make MasterCard their go-to payments network for handling all transactions on its store-branded credit cards. The switch to MasterCard comes as part...
MasterCard’s prepaid card business in the Asia/Pacific, Middle East & Africa (APMEA) region experienced a 40 percent increase in year-over-year gross dollar volume last year. MasterCard expects the momentum to continue through enhanced financial inclusion in emerging markets and increases in cross border and e-commerce...
About a year has passed since TSYS first announced plans to acquire NetSpend. Now in TSYS’s ownership, the prepaid card provider’s main challenge has remained steady: re-educating consumers so they understand there are electronic-payment alternatives to traditional banking. In a recent podcast interview with Karen...
Canadians aren’t so beholden to their debit cards as once was believed. In fact, debit isn’t their preferred form of payment in any of the eight merchant categories TSYS asked about in a recent consumer study, the results of which were released earlier today. In...
Sure, security is on everyone’s mind these days, as no one wants to be the next poster child for data breaches. But other fundamental issues and market changes also are affecting the industry as well, and it’s important not to focus on one issue to...
Use of mobile devices instead of cards to facilitate point-of-sale transaction is a goal that continues to challenge industry players seeking to make it happen. An upcoming TSYS white paper will examine the issues affecting mobile wallets and what the industry must do to address...
Discover Financial Services has a long history of trying to do things differently, starting out with the Cashback Bonus for card transactions and no annual fees. In doing so, it doesn’t try to emulate what’s occurring in the marketplace. Since taking prepaid responsibilities at Discover...
Direct sales innovator Thatcher Technology Group has chosen ROAM’s mobile commerce platform as the basis for its new mPos product for direct selling. The partnership will allow Thatcher’s client base to easily and securely accept credit or debit purchases. The access to ROAM’s capabilities will...
MasterCard has appointed Anna Yip as head of its Hong Kong and Macau operations. Yip will develop MasterCard’s strategy for local markers and promote strong business alliances with customer financial institutions in the region, according to The Asset. Before joining MasterCard, Yip was a managing...
