Dollar General and Rite Aid have joined the growing American Express Serve Free Cash Reload network. Serve is AmEx’s general purpose prepaid card.
Seamless and Dwolla have teamed to enable money transfers between private individuals, also known as peer-to-peer, across the US via the digital payment solution SEQR. Additionally, Webhallen has upgraded their online shop with SEQR’s Instant Checkout service.
Global purchase transactions (PTX) for Visa and MasterCard debit and credit cards, excluding Visa Europe, soared 12.0% year-on-year (YOY) in the third quarter (Q3/15) and 2.4% sequentially. The two networks combined processed 38.3 billion purchase transactions in Q3/15, compared to 34.2 billion one-year ago.
The 30+ day delinquency rate (not seasonally adjusted) for the top 100 U.S. banks increased 16 basis points (bps) sequentially, but down 7 bps from one-year ago. Among the nation’s top four card issuers, delinquency edged up by 15 bps from the prior quarter, but dropped year-on-year (YOY) by eight bps.