card processing

Splendia, an online booking service for luxury and character hotels, has signed an agreement with GlobalCollect, the world's premier payment service provider of local e-payments, to process online card payments.

On Thursday Visa Inc announced its move to impose a ban on banks using China UnionPay Co.'s network to process international transactions with credit cards bearing the Visa and UnionPay symbols, reports the Wall Street Journal.

It is supposed that the move will mainly affect Chinese cardholders travelling overseas but not transactions inside China. Visa’s action is seen as an effort to show its dissatisfaction with limitations imposed on the network within the Chinese market.

Payvision, an international payment solutions provider for the card-not-present marketplace, has entered into a partnership with Sino Payments, Inc. for credit and debit card merchant accounts.

As Payvision offers card-not-present processing services via its secure, PCI-compliant platform for all major credit cards as well as effective alternative payment solutions, Sino will be able to access efficient and convenient international processing solutions that will add tremendous value to the merchant services they offer.

 MasterCard Worldwide has announced that USAA Federal Savings Bank will implement its MasterCard Integrated Processing Solutions (IPS) debit processing platform for branded network and issuer processing services in support of signature and PIN debit, and ATM driving. 

"We believe that the capabilities of MasterCard IPS will position USAA to address and adapt to the unique and changing payment needs of our members around the globe while offering the most advanced services," said David Bohne, President, USAA Federal Savings Bank.