UnionPay Takes Top Spot From Visa in $22 Trillion Global Cards Market

Payment cards worldwide increase by 8% to reach 13 billion in 2015 New research from RBR shows that the number of payment cards in circulation worldwide increased by 8% last year to 13 billion. Although still impressive, the growth rate fell from 11% in 2014, following a slowdown in the expansion of the Chinese market.

Payment Community Engagement in the Development of the EMV Specifications Increases

Associates Programme has increased significantly over the past twelve months. Twenty-five new organisations have joined the programme, which enables them to actively participate in discussions to manage and evolve existing and future EMV Specifications for payment technologies. New Business Associates: APCA, Merchant e-Solutions, Netflix, Worldline. Business Associates comprise of merchants, payment networks and other organisations

MasterCard Speeds Chip Terminal Deployment for Merchants

Acquirers will have more responsibility and flexibility for terminal testing as a part of their own internal processes and schedules. Acquirers can now follow recommendations and use MasterCard terminal testing procedures or they can choose alternative testing processes and tools that support the integrity of their existing procedures. MasterCard has also cut the number of