Visa and MasterCard U.S. credit card gross dollar volume (GDV) will likely post a smaller year-on-year (YOY) gain in the third quarter (3Q/15) of around 9.5%, compared to 9.9% for the prior quarter according to RAM Research.
The average U.S. 90+ day delinquency rate among the nation’s four largest issuers will likely rise 2 basis points (bps) to 0.94% for the third quarter according to RAM Research. The average U.S. 90+ day delinquency rate among the nation’s four largest issuers declined 9 basis points (bps) sequentially, to a record low of 0.92% for the second quarter, compared to 1.01% in the prior quarter and 1.00% one-year ago, according to CardData.
German-based Wincor Nixdorf has acquired Brink’s CiT operations in the Netherlands,expanding its cash management capacities in the Netherlands. As a result of the acquisition, the new Rotterdam-based SecurCash will also profit from synergies from the business with banks and retail companies.
Barclaycard US has kicked off a special game and sweepstakes promotion where fans have the opportunity to win a trip for two to Super Bowl 50 in the San Francisco Bay Area, as well as once-in-a-lifetime experiences, regular season game tickets, NFL merchandise, and much more.
American consumers continue in a buying mode after ratcheting up revolving credit by $4.0 billion or 5.6% year-on-year (YOY) in August. However, the year-on-year (YOY) gain is a notch below July’s revised gain of 6.6%.
The third quarter earnings report season launches next week as Chase is slated to report on October 13th after the market close. Discover will release October 20th and American Express on October 21st, both after the market close. MasterCard is set to report the morning of October 21st.
The number of mobile P2P users will grow rapidly, from 69 million in 2015 to 126 million by 2020. By 2019, it is expected that more than half of all mobile device owners will be using mobile P2P.
Mozido and TabbedOut are partnering to provide a full set of features to hospitality locations allowing their consumers an application to discover locations, join wait-lists, make reservations, order, split, pay, and leave feedback all from their mobile phones.
FICO’s new alternative data pilot program continues to reach out to include unscorable consumers. The pilot program with the new FICO Score XD is underway with 12 of the largest credit card issuers in the U.S.
Atlanta-based Vanco Payment Solutions has ankled Sandra Blair to lead its product development and IT. Blair is the former Head of Payments Practices for Alvarez & Marsal.
NXT-ID, the creators of the Wocket smart wallet, has introduced the Wocket Wagon. This is a fully featured experiential vehicle in the form of an armored car representing the security features that come with Wocket. The Wocket Wagon will tour the country making demos, sales and increasing customer awareness about Wocket and identity theft.
Carter Lumber has selected DadeSystems DadePay AR Automation and DadePay Mobile solutions to enhance its payment processing strategy and support the company’s nationwide expansion.