Visa Opens its First Innovation Center in Asia

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

M/Chip Fast From MasterCard Speeds EMV Transactions and Shoppers Through Checkout

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

MasterCard Incorporated Reports First-Quarter 2016 Financial Results

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.

CardFree Cash From Fiserv Enables Cardless Access to Cash at the ATM

Fiserv, Inc., a leading global provider of financial services technology solutions, announced the launch of CardFree Cash, ushering in the evolution of access to cash in the digital age by delivering an immediate, cardless way to withdraw funds at thousands of ATM locations nationwide. Patent-pending and already award-winning CardFree Cash changes the way cardholders access

Visa Speeds Up Checkout Times

Faster Checkouts: Quick Chip-enhanced terminals will prompt the cardholder to dip the chip card briefly in the reader and then remove it, reducing the card’s interaction with the terminal to about two seconds. Streamlined Processing: Quick Chip-enhanced terminals can also allow the payment card to be inserted and removed while the shopping cart is still

Domestic Payment Card Schemes Have Strong Presence in Fast Growing Middle East and Africa Region

MEA is the least developed and fastest growing payment cards region worldwide MEA is the fastest growing payment cards region worldwide, with the number of cards increasing by 18% to 540 million in 2014, according to the latest figures from RBR. The region also has the world’s lowest level of card holding relative to adult