A new report suggests late stage delinquency metrics may be signaling a possible inflection point in credit loss performance. Credit loss metrics will begin to weaken throughout 2015 as more recent vintages begin to season.
Beijing-based China UnionPay has been added as a payment option for Apple App Store. The total number of UnionPay Cards issued both at home and abroad has exceeded 4.5 billion.
Visa’s (VS) Latin America Caribbean (LAC) region Purchase Dollar Volume (PDV) rose year-on-year (Y/Y) by 14.5%, on a local currency basis, in the third quarter (Q3/14) to US$105 billion, compared to US$101 billion in the prior quarter, and compared to $98 billion one-year ago.
MasterCard’s (MC) Europe region Purchase Dollar Volume (PDV) rose year-on-year (Y/Y) by 9.4% on a local currency basis in the third quarter (Q3/14) to US$238 billion. On a US dollar basis PDV was also up 9.2%, according to CardData. Based on PDV, the MC Europe is the second largest region for the network.
CardWeb.com’s CardPixes database of more than 7,000 card images today features the Aspire Travel MasterCard. The card issued by Capital One Canada.
Gemalto has been selected by New Zealand’s Westpac to offer its Optelio Contactless Sticker for mobile payment. Westpac customers attach the sticker to the back of their mobile device to make quick, secure contactless payments.
CardWeb.com’s CardExecs database of payments industry mover and shakers today features Darren Wilson, President of EVO Payments International.
CardWeb.com’s CardWatch database of more than 57,000 marketing items today features the Capital One Venture Card – “Musical Chairs.” TV ad.
Square, Latino Startup Alliance and Xoom have launched Soy Empresaria, a program to give Latina entrepreneurs in California the opportunity to win $10,000 in financial support and mentorship.
The mobile device and network security investments will account for nearly $11 Billion in 2014. The market is further expected to grow at a CAGR of nearly 20% over the next 6 years.
Green Dot Corporation (GDOT) supports the CFPB’s newly released prepaid debit card Notice of Proposed Rulemaking (NPRM). Green Dot’s Founder testified yesterday at the CFPB field hearing on the topic and believes that its business will not be materially impacted by the CFPB’s newly proposed rules. Furthermore, Green Dot fully supports the proposed rules that mandate “Regulation E” consumer protections for lost or stolen funds and disputed transactions, including the providing of provisional credits to consumers, and the CFPB’s proposed rulemaking dealing with the new framework for overdraft programs attached to prepaid cards.
InComm integrated POS technology announced PayPal will utilize the InComm Digital Solutions (IDS) platform to support PayPal’s digital gifts services. IDS will enable PayPal to expand the number of leading retailers’ gift cards that it sells real-time on the PayPalDigital Gifts store and on the eBay marketplace. With this PayPal customers can now purchase digital gift cards from more of the leading brands, can quickly purchase and send digital gift cards either for gifting or self-use and can benefit from future mobile payment capabilities, driven by PayPal’s innovation and integration to the IDS platform.