All the Cards are Finally Lining Up for Solid Growth in Corporate Purchasing Cards

The global corporate purchasing cards market is projected to grow at a CAGR of 9.5% over the next five years due to the growth in spending on corporate purchasing cards, which is driven by lower fixed costs in the payment cycle, effective cash management, transparency and management control, and long-term process efficiencies. According to ‘Global…

Chinese Messaging & e-Commerce Platforms Power Digital Payments to the Stratosphere

Alipay and WeChat Pay enabled a gargantuan US$2.9 trillion in Chinese digital payments last year, representing a 20-fold increase in the past four years. This shift could increase GDP across developing economies by 6% by 2025, adding US$3.7 trillion and 95 million jobs. The new report by the UN-based Better Than Cash Alliance, Social Networks,…

BofA Credit Card Unit Continues to Plug Along in Q1 – Charge-Offs Up

Bank of America, the nation’s third largest Visa and MasterCard issuer, continued to struggle in the first quarter (1Q/17) with sluggish outstandings (OUT) and purchase dollar volume (PDV) growth, but other metrics, except charge-offs, remain fairly stable, according to CardData. Pre-tax net income edged up 1.1% YOY to $1224 million in 1Q/17, compared to $1290…

Bank Credit Card Delinquency Slowly Rears its Ugly Head Again

More evidence mounts showing credit card delinquency is steadily rising. The bank credit card default rate recorded a 3.31% rate in March, up nine basis points from February. This is the fifth consecutive month for the ratio to rise. The S&P/Experian Consumer Credit Default Indices, a comprehensive measure of changes in consumer credit defaults, shows…

VE Kiosk Platform Brings Together ePort, More Loyalty with High Quality Vending Hardware

USA Technologies (USAT has buddied with Vendors Exchange (VE) brings together an industry leader in vending solutions for the convenience marketplace an innovator in next generation payment technology and provider of cashless and mobile transactions in self-serve retail. The partnership has produced the VE Kiosk platform. The VE Kiosk was built on the premise that…

PayRange Taps Into the Most Advanced Vending Machine Market in the World

OR-based PayRange has inked a deal with Sumitomo Mitsui Card Company (SMCC), a major merchant acquirer in Japan to expand the PayRange mobile payment solution to millions of Japanese vending machines. While Japan has among the most advanced vending machine markets in the world almost none of the vending machines take credit or debit cards.…

Online Consumer Payments to Capture 20% of Market; Americans Wary of Cybersecurity

Online commerce payments are growing sharply in developed countries, but in North America there is angst among consumers with cybersecurity. China overtook the US as the world’s largest online commerce market two years ago, with Chinese consumers spending a total of $699 billion online in 2015. About 20% of the total value of online commerce…

Zuora to Electrify the Subscription Economy in Frisco with Subscribed

Zuora’s first annual User Summit begins with advanced training by role – Billing & Payment Ops, Finance Ops, Zuora Admins, IT/Developers, Pricing and Growth Managers. Zuora has been enabling the subscription economy by building the next generation commerce platform. Zuora’s subscription management software has enabled 21st century businesses around the world from startups to enterprises…

Cryptocurrency + Bank + Visa with Complete Anonymity? – Probably All Hat No Cattle

The creators of the digital currency known as DIBCOIN, reportedly have inked a billion-dollar liquidity partnership with Digitas Bank enabling present and future DIBCOIN holders the ability to deposit and withdraw DIBCOIN and FIAT currency in a single transaction and with complete financial privacy. On top of this customers can use an anonymous VISA debit…

Tech & Jazz & Startups to Have a Collision in The Big Easy

America’s fastest growing tech conference, with more than 20,000 attendees, and millions of business ideas including fintech is slated for early May in New Orleans. Collision attendees include 3,000 CEOs and other senior executives. About 4,500 companies will be represented from 110 countries. It is an ultimate event, and best of all, it is sandwiched…