The nation’s fastest growing Visa and MasterCard major issuer, and the #1 near-prime/sub-prime issuer continues to plow along with solid growth in purchase dollar volume (PDV) and growth in credit card outstandings. RAM Research projects Capital One (COF) will deliver $50.9 billion in PDV and $72.4 billion in outstandings for the first quarter.
The nation’s Top 100 Visa and MasterCard credit card (consumer and business) issuers held a 96% share of U.S. Cards-in-Force (CIF) at End-of-Year (EOY) 2014. The Top 10 captured a 60% share, while the Top 50 logged an 84% share, according to CardData.
CardWeb.com’s CardWatch database of more than 57,000 marketing items today features the MasterCard “Priceless Lessons – Egypt” TV ad.
CardWeb.com’s CardData Reports today features the “Insight Report: Best Practice in Frequent Flyer Credit Cards” report. This report analyzes emerging trends and industry best practices in offering credit cards targeted at frequent flyers.
CardWeb.com’s CardConferences today features the TRANSACT 2015 event, March 31 – April 2 at the Moscone Center in San Francisco, California. This is the paramount event in payments and technology.
In today’s CardFlash News Que: FORTER (CNP); ACCULYNK (PaySecure); BBVA (Award); and POWA (Banq POS).
Standing joke: Got a heartbeat and a phone and hopefully a job? – you can likely qualify for a store credit card. The largest provider of private label credit cards in the U.S. is enabling consumers to complete a card application from with a mobile phone.
While payment products are quickly penetrating African consumer markets they are primarily used for income dispensing by not for payments. South Africa, Nigeria, Tanzania, Uganda and Egypt have advanced in enabling access to and driving usage of different financial products including payments, lending, long-term savings or investments, and insurance.
Next week FIS will become the first provider to offer fingerprint access to its Cardless Cash ATM application when it allows fingerprint authentication. The FIS One-touch CardLess Cash is revolutionary in the U.S. market.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Ron Casciano, President and Chief Executive Officer for PAR Technology Corporation.
Vending machines to sell Prepaid SIM cards for short-term business travelers and tourists have been rolled out in two locations in Japan, namely AQUA CITY ODAIBA and New Kansai International Airport.
As expected the Consumer Financial Protection Bureau (CFPB) posse is circling the wagons of the payday loan industry. The CFPB says this week its mission is to end payday debt traps by requiring lenders to take steps to make sure consumers can repay their loans and not make loans on purely on the ability to collect from consumers.