First Quarter 2016 Operating Results Revenue: First quarter revenue of $1.44 billion was down 2% year-over-year. On a constant currency basis, first quarter revenue was slightly up. Software: Revenue increased 1% to $419 million from $414 million. On a constant currency basis, first quarter Software revenue was up 3%. Services: Revenue increased 4% to $543
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Fortumo announced that it has launched direct carrier billing in 3 new African markets. More than 52 million people in Cote d’Ivoire, Ethiopia and Senegal can now make seamless digital payments and get the purchases charged to their mobile phone bill. App stores, digital merchants and game developers using Fortumo can now significantly increase their online
http://www.businesswire.com/news/home/20160427006871/en/ This builds off the success of Visa’s flagship innovation center,One Market Center, which was opened in July 2014, and is located at the company’s headquarter in San Francisco. Additional innovation centers will be opened in other regions later this year, and in 2017. Accessible to both local and global clients, the new Singaporeinnovation center
adoption of chip technology in the United States since the liability shift went into effect in October 2015. Today, more than two-thirds – 67 percent – of U.S.-issued MasterCard-branded consumer credit cards feature chips. This represents a 51 percent increase in a six-month window. Consumers can use their chip cards in more places, as 1.2 million
An increase in processed transactions of 14%, to 12.6 billion; A 13% increase in gross dollar volume, on a local currency basis, to $1.1 trillion; and An increase in cross-border volumes of 12%. These factors were partially offset by an increase in rebates and incentives, primarily due to new and renewed agreements and increased volumes.
