A general purpose prepaid card with employee spend controls for business owners has entered the U.S. market. San Francisco startup Bento for Business is now offering a prepaid commercial MasterCard.
Online and mobile payments worldwide may reach three trillion Euros by 2018, with m-payments outpacing e-payments and the total payments market. The Asia-Pacific region, particularly China, is expected to overtake North America to be the largest online retail market within a few years.
Among Visa’s four international regions the hottest area is Central Europe Middle East Africa (CEMEA), posting a 32.5% year-on-year (YOY) surge in 2014 purchase transactions (PTX). CEMEA also reported a 13.9% increase in purchase dollar volume, leading the other regions by more than 400 basis points (bps) last year.
Late stage delinquency among the nation’s Big 6 issuers will be pushed higher in 2015 as 30 day to 89 day delinquency begins its climb in the first quarter. Forecaster RAM Research projects 90+ day delinquency among the Big 6 will inch up from an average of 99 basis points (bps) in Q4/14 to 105 bps by end-of-year (EOY) 2015.
The Top 50 U.S. Visa and MasterCard credit card issuers captured a 92% market share of 2014 U.S. Purchase Dollar Volume (PDV). The powerhouse Top 10 grabbed 83% of American consumer and business Visa and MasterCard purchases last year, according to CardData.
Brazil’s CAIXA, the largest public bank in Latin America, and TIM have introduced a prepaid mobile money account that will enable the over one million TIM subscribers to pay bills, transfer money and top up phones using their own mobile phones, in addition to making purchases using a MasterCard card.
Australia’s Kounta, a cloud based POS system with customers throughout Asia and the Pacific, Europe, South Africa and America, has inked a strategic partnership with US-based beaconized payments platform, Pay With Drop.
CardWeb.com’s CardPixes database of more than 7,000 images today features the BBVA Compass NBA American Express Card.
In today’s CardFlash News Que: STRAWHECKER (Branding); Fiserv (Tokenization); USAEPAY (Sage Payments); and Zchex (High Risk).
Montreal-based DebitWay is making the way for medicinal marijuana payments with a partnership with medpotnow.com. The Canadian alternative payment service provider (PSP) has partnered with numerous electronic “high risk” merchants over the years, from a diverse number of industry types.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Angela Brown, President and Chief Executive Officer of Moneris Solutions.
Bitnet and CardinalCommerce are teaming to make immediately available the ability for merchants to accept online payments using bitcoin. One Connection to Cardinal’s patented platform allows merchants to accept payments from dozens of digital wallets and alternative payment brands.