CardWeb.com’s CardExecs database of payments industry movers and shakers today features Matt Cole, President, Cubic Transportation Systems and Senior Vice President, Cubic Corporation.
FL-based ZipLine, a provider of mobile and card-based merchant branded payment (ACH) solutions, recently gained industry accolades for its cutting-edge mobile payments technology. ZipLine’s ‘mPay’ mobile solutions platform is a low-cost payment program built on the existing architecture used for merchant branded debit cards.
NY-based CardFlight, a specialist in mobile point of sale (POS) technology, has corralled $4.2 million in Series A funding. The financing will enable CardFlight to continue to grow its engineering team and accelerate the rollout of their EMV-approved mobile payment acceptance solutions in the U.S.
Barclaycard US has kicked off a special game and sweepstakes promotion where fans have the opportunity to win a trip for two to Super Bowl 50 in the San Francisco Bay Area, as well as once-in-a-lifetime experiences, regular season game tickets, NFL merchandise, and much more.
German-based Wincor Nixdorf has acquired Brink’s CiT operations in the Netherlands,expanding its cash management capacities in the Netherlands. As a result of the acquisition, the new Rotterdam-based SecurCash will also profit from synergies from the business with banks and retail companies.
London-based GoSend, a new international shopping and shipping service, has launched in the UK. Based in one of five tax-free U.S. states, Delaware, GoSend is a unique subscription service offering members a ‘virtual locker’, giving them a U.S. address to reduce shipping fees from U.S. retailers and extend bulk discounts to ship for less anywhere in the world.
The average U.S. 90+ day delinquency rate among the nation’s four largest issuers will likely rise 2 basis points (bps) to 0.94% for the third quarter according to RAM Research. The average U.S. 90+ day delinquency rate among the nation’s four largest issuers declined 9 basis points (bps) sequentially, to a record low of 0.92% for the second quarter, compared to 1.01% in the prior quarter and 1.00% one-year ago, according to CardData.
Visa and MasterCard U.S. credit card gross dollar volume (GDV) will likely post a smaller year-on-year (YOY) gain in the third quarter (3Q/15) of around 9.5%, compared to 9.9% for the prior quarter according to RAM Research.
In today’s CardFlash News Que: CHECKALT (FinTech); ThreatMetrix (expansion); NCR (Billa); and FINGERPRINT (earnings).
When asked about personal finances, on average 60% of African American, Asian and Hispanic consumers said they expect their financial situation to be “somewhat” or “much” better a year from now, compared to 48% of the combined general population.