Payoneer has been selected by Amazon to expand cross-border payment options to sellers from 24 countries who sell on marketplaces in the U.S., Spain, France, Italy, Germany and U.K.
On a non-currency adjusted basis, Purchase Dollar Volume (PDV) in Canada for Visa and MasterCard payment cards declined 7.6% Year-on-Year (YOY) in 3Q/15. On an adjusted currency basis (FX) Visa was up 5.2% YOY and MasterCard soared by 19.2% YOY in 3Q/15.
Danish mobile payment app Swipp and Verifone Europe have inked an agreement to integrate Swipp as an accepted payment method for more than 30,000 Danish merchants using Verifone devices.
The 30+ day delinquency rate (not seasonally adjusted) for the top 100 U.S. banks increased 16 basis points (bps) sequentially, but down 7 bps from one-year ago. Among the nation’s top four card issuers, delinquency edged up by 15 bps from the prior quarter, but dropped year-on-year (YOY) by eight bps.
Global purchase transactions (PTX) for Visa and MasterCard debit and credit cards, excluding Visa Europe, soared 12.0% year-on-year (YOY) in the third quarter (Q3/15) and 2.4% sequentially. The two networks combined processed 38.3 billion purchase transactions in Q3/15, compared to 34.2 billion one-year ago.
CardFlash News Briefs: BUZZ POINTS (evolve FCU); CARDFELLOW (Helcim); B&D (website); and GRANT STREET (MA).
A new survey finds consumers feel pretty lukewarm about all those loyalty cards taking up space in their wallets: only 9% of those surveyed limit their shopping to retailers with which they have loyalty card or rewards memberships and only 25% say a store or website’s loyalty program is important to them and will influence whether they shop there.
A new survey finds 29% of U.S. consumers own EMV-enabled chip cards, up from 10% who did in 2014, and 1 in 3 EMV card holders have used them in EMV readers in merchant terminals in the U.S.
More than half of business owners across all industries are aware of the recent liability shift, but only 29% are equipped to accept EMV chip credit cards. Although more than half of U.S. adults who have a credit/debit card have been issued a new chip card, only 41% know the benefits of the chip card.
The first US-issued bitcoin debit card has been unveiled. The Shift Card is a VISA debit card currently allowing Coinbase users in twenty-four states in the U.S. to spend bitcoin online and offline worldwide.
There is a windfall of US$380 billion in annual revenues waiting for banks to tap by targeting micro-enterprises and bringing unbanked and underbanked adults into the formal financial system.
edo Interactive and Visa Europe are doing the tango to launch card-linked marketing offers in Poland. Visa Oferty (“Visa Offers”), will enable 20 million Visa debit and credit cardholders to enroll their Visa cards in order to access cashback rewards from merchants.