Azimo Accelerates Scandinavia’s Cashless Society

Azimo Accelerates Scandinavia’s Cashless Society

London-based digital money transfer specialist, Azimo, has launched services in Denmark and Sweden, increasing the countries it serves to 22. Through a strategic partnership with European online payments service provider Trustly, hard-working migrants can now send Danish Krone (DKK) and Swedish Krona (SEK) from their mobile or desktops to family and friends in over 190…

MASTERCARD; BARLOW; UNIONPAY; and NAB.

In Other News: MASTERCARD (Renner); BARLOW (awards); UNIONPAY (UAE); and NAB (Womply). MASTERCARD – Renner, Brazil’s largest department store, launched its digital wallet in partnership with MasterCard, making the online payment experience easier and more convenient. Renner customers can now link credit and debit cards, loyalty programs and advance payment options through the MasterPass wallet…

First JCB Prepaid Card Co-badged with girocard Launched

First JCB Prepaid Card Co-badged with girocard Launched

JCB, PayCenter and petaFuel have launched the first JCB-girocard co-badged card in Germany. The product named “CardDuo” is a prepaid card which combines the functionalities of JCB alongside girocard (payment scheme operated by the German Banking Industry Committee). By operating with both JCB and girocard applications, cardmembers can access JCB’s Merchant and ATM network in…

Enter Verifone Carbon the Future of Experiential POS

Enter Verifone Carbon the Future of Experiential POS

Verifone unveils a sleek, flexible and integrated POS leveraging powerful capabilities and applications to transform the checkout process into a special experience merchants and consumers. Verifone Carbon is the result of Verifone’s commitment to transforming the POS, where we are connecting merchants to new differentiating opportunities and consumers to intuitive, enjoyable experiences. Verifone Carbon offers…

Charge-Offs Among Top 100 Edges Up After Historic Lows

Charge-Offs Among Top 100 Edges Up After Historic Lows

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The charge-off ratio for the top 100 U.S bank credit card issuers edged up sequentially in the fourth quarter (4Q/15), but continue to remain below year ago ratios and continue to hover at historic lows. On a not seasonally adjusted (NSA) basis 4Q/15 charge-offs rose 17 basis points (bps) from the…

Cap One Gains Marketshare from Smaller Issuers

Cap One Gains Marketshare from Smaller Issuers

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Among the top 4 U.S. bank credit card issuers Chase holds a commanding 24.6% marketshare for the fourth quarter (4Q/15), based on Visa and MasterCard purchase dollar volume (PDV) figures. Capital One, the hottest U.S. issuer, ranks #2 with a 12.9% marketshare. Compared to the prior quarter, Capital One gained 50…

Australia Credit Card Debt Growth Remains Conservative

Australia Credit Card Debt Growth Remains Conservative

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Australian credit card outstandings edged up by 1.6% year-on-year (YOY) in January. Credit card credit limits increased 3.3% YOY and the number of credit card accounts rose 3.4% YOY. The average balance per account in January declined 1.7% to AU$3115, compared to AU$3194 for December, and AU$3170 for January 2015. Credit…