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February 02, 2012

Payments Views - “Over the Top” with Mobile Payments

GP Logo Horizontal 140pxOver on Payments Views, Glenbrook's Scott Loftesness blogs about the new FIS approach to mobile payments:

With much of the card payments industry zigging toward an NFC-based solution securing payment card credentials on mobile handsets, FIS is zagging in a different direction with this new solution – one that doesn’t need to wait for NFC and Secure Element (SE) chips to be embedded in mobile phones.

FIS is the world’s largest global provider of banking and payments technologies, serving 14,000 financial institutions in over 100 countries.

MasterCard Announces 4Q2011 Financial Results

MasterCard logo 140pxMasterCard has announced financial results for the fourth quarter 2011.

  • Net revenue for the fourth quarter of 2011 was $1.7 billion, a 20.2% increase versus the same period in 2010. On a constant currency basis, net revenue increased 20.8% compared to the same period in 2010.

  • Worldwide purchase volume during the quarter was up 15.2% on a local currency basis versus the fourth quarter of 2010, to $648 billion. As of December 31, 2011, the company’s customers had issued 1.8 billion MasterCard and Maestro-branded cards.

  • Cross-border volume was up 17.5%.

Press release, supplemental operating results, and an accompanying investor presentation are available on the MasterCard website.

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