Wiseasy, the 22nd largest manufacturer of POS terminals worldwide and 18th largest in Asia-Pacific, has launched the T2 Tablet, which runs on Android 13 and has an octa-core, 2.0 GHz processor. The handheld device provides a 10.1-inch touchscreen that is capable of handling PIN input. Wiseasy is marketing the device for tabletop self-service, unattended […]
Antitrust litigation (Block, Inc. v. Visa Inc., E.D.N.Y, No. 1:23-cv-05377) filed July 14, 2023, in the US District Court for the Eastern District of New York by Block, Inc., parent company of payment service provider and aggregator Square, alleges that Visa and Mastercard conspired to boost the fees paid by US merchants to accept credit […]
GTCR and Brookfield Asset Management purchased merchant acquirers Worldpay and Network International.
Consumer and commercial credit, debit and prepaid general purpose card products issued in the US generated $10.263 trillion in purchase volume at merchants in 2022.
The 36 largest acquirers represented 16 countries. Collectively, they processed $308.45 billion in purchase volume from 7.22 billion Mastercard and Visa transactions, up 41.8% over 2021.
The company’s API-based cardholder account processing services have handled $10 billion in purchase volume.
Existing bank customers will gain access to PPN without needing any new implementation.
The business has partnerships with 5 of the top 15 US retailers—Best Buy, Costco, Home Depot, Macy’s and Wayfair.
The top 45 processed 119.52 billion Mastercard and Visa transactions in 2022, down 4.5% year over year.
Visa, Mastercard, American Express and Diners Club credit, debit and prepaid cards issued in Latin America and the Caribbean (LA&C) generated $1.207 trillion in purchase volume in 2022, up 33.9% on a local currency basis versus 2021.
