UnionPay International is accelerating the process of chip migration of its acceptance network in Taiwan, with HSBC Taiwan, is enabling all of its ATMs to accept UnionPay chip cards. The UnionPay card business in Taiwan started in 2009 and now 98% of the local ATMs are now able to accept UnionPay cards.
Irish consumer spending continued to increase at a sharp pace during September as household expenditure rose +5.4% year-on-year (YOY). This represents the thirteenth month of unbroken growth which has been recorded since the series began in September 2014.
The nation’s second largest Visa and MasterCard issuer continues to struggle with sluggish outstandings and purchase dollar volume (PDV) growth, but credit card quality continues to improve in the third quarter.. However, Bank of America (BofA) continues to sign up 1.3 million accounts each quarter.
Chase, the nation’s largest bank credit card issuer, continues to struggle with real growth as third quarter (Q3/15) outstandings inched upward by a mere 2% year-on-year (YOY) and purchase dollar volume (PDV) posted a weak growth rate of 6.%. Furthermore, Chase is consistently signing up 2.1 million accounts per quarter, while losing 3.0 million accounts YOY.
In today’s CardFlash News Que: CYBERSOURCE (LINE); EVED (EvedPay); CHILI’S (mPay); and CUP (spending).
Tamarac, FL-based 3dcart has unveiled its new iPad compatible point-of-sale (POS) system. Benefits of the 3dcart POS app include the utilization of the latest cloud-based technology, saving merchants valuable time and energy with automatic, secure order and product synchronization.
Chicago-based Arroweye Solutions has ankled Jeff Lipa as vice president of business development. Lipa previously worked for Affinion Group and Digital Insight.
Spain’s postal industry leader Correso in Spain, has partnered with Prepaid Financial Services (PFS), an European issuer and program manager of physical and virtual prepaid card products, to launch the contactless Correos Prepago MasterCard card.
Synchrony Financial has inked PayPal to a long-term extension of its relationship for a credit card program including the co-branded Dual Card MasterCard credit program for consumers in the United States and Puerto Rico.
HKT, 33 Finance and HNA Transforex each inked multi-year agreements with First Data to enable mobile payment services, prepaid transaction card systems and issuing and processing services, respectively.
Wincor Nixdorf has unwrapped its new automated teller machine (ATM) on the market that enables customers to withdraw cash using a smart phone or a near-field communications (NFC) card. The system’s innovative design is intended to appeal especially to digital natives who have grown up with digital and mobile technologies.
Verifone has expanded its taxi and car-for-hire electronic hailing (e-hail), payment and media business with the acquisition of Curb, a business that connects people in approximately 60 U.S. cities with rides from professional, insured, and fully-licensed taxi drivers. Using Curb’s e-hail app, passengers take more than 100,000 rides each month.