A new survey reveals consumers in emerging markets across Asia/Pacific are more likely to choose a product based on whether it is perceived as more socially responsible than those in developed markets. Overall, products which are fair trade have the most appeal.
Japan’s JCB continues this year to expand its worldwide acceptance and issuance with new deals in Europe, as well as the LAC, ME and AP regions. Based on current metrics JCB is expected to surpass the US$500 billion in annual transaction value milestone by end-of-year (EOY) 2019. JCB racked up US$223 billion in transaction value last year, according to CardData. Forecaster RAM Research’s CAGR Corner computes JCB’s compound annual growth rate (CAGR) at 18.01%
The average yield for U.S. Visa and MasterCard-branded credit cards, issued by the top four issuers, will likely decline by eight basis points (bps) for the first quarter, and down 30 bps from mid-year 2014. Forecaster RAM Research projects an average yield for the Big 4 of 11.30% in the first quarter, compared to 11.59% one-year ago.
MasterCard’s average ticket (TIX) per purchase for U.S. credit cards has increased 10.3% since 2009, compared to Visa’s decrease of 1.9% during the same five year period. MasterCard’s average U.S. debit card purchase TIX runs about 4.8% higher than Visa’s since 2009. According to CardData, the MasterCard average TIX for full-year 2014 for credit cards is $90.23 and $39.42 for debit cards, up $8.39 and 8 cents respectively, compared to 2010.
Prepaid card king The Bancorp has ankled Gail Ball as Executive Vice President and Chief Operating Officer. Most recently she served as the Head of the Payment Studies Group of the Federal Reserve Bank of Richmond.
CardWeb.com’s CardData database of Company Profiles today features processor Synchrony Financial. The Company is the largest provider of private label credit cards in the U.S.
Clearent is offering mobile payment acceptance solutions to Clearent’s sales partners and merchants. Launched in 2014, SwipeSimple includes encrypted mobile card readers, payment acceptance applications for iOS and Android devices, a real-time reporting and administrative dashboard for merchants and a reseller portal for easy onboarding and portfolio management.
In today’s CardFlash News Que: ETA (Transact); Powa (Nobly POS); CHARGEBACKS911 (Fraud); and VERIFONE (TransFirst).
CardWeb.com’s CardPixes database of more than 7,000 images today features the Hawaiian Airlines World Elite MasterCard.
CardWeb.com’s CardConferences today features the The Southeast Acquirers’ Association (SEAA) Annual Conference, April 20-22 at the New Orleans Marriott, New Orleans. The focus is education and providing information on current issues concerning the “feet on the street” sales agents in the electronic payments industry.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Dr. Dimitrios Karayiannis serves as Chief Development Officer, Executive Vice President of Research & Development and System Solutions of INSIDE Secure.
Amazon launched its Dash Button service enabling consumers to buy products they frequently purchase with the push of a physical button at the point-of-need (PON). Amazon then quickly delivers the household favorites. The new service is available to Prime clients by using the Amazon app on a smartphone to connect Dash Button to the home Wi-Fi.