Visa and MasterCard U.S. credit card gross dollar volume (GDV) remained a solid 9.9% year-on-year (YOY) gain in the second quarter (2Q/15). U.S. debit card GDV edged up 6.2% YOY. Visa leads the credit card segment and MasterCard leads the U.S. debit card vertical in YOY gains, according to CardData.
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.
PayPal has ankled John Rainey as its new Chief Financial Officer, effective August 24, 2015. Rainey joins PayPal from United Continental Holdings, where he was Executive Vice President and CFO at United Airlines.
American Banknote in partnership with Above Mobile has rolled-out the first complete wallet application for Android users, with the addition of ABnote’s secure mobile payments platform to PassWallet.
Flint Mobile, a mobile payment service that allows small businesses, freelancers and non-profits to get paid by credit card through a free mobile app that requires no external card reader, has added enhancements to its iOS app that leverage Apple’s expanding digital wallet ecosystem.
Green Dot continues on a roll with gross dollar volume soaring by 10.9% year-on-year (YOY).Total operating revenues on a generally accepted accounting principles (GAAP) basis increased 16% to $170.2 million for the second quarter of 2015 from $147.0 million for the second quarter of 2014
CardWeb.com’s CardWatch database of more than 57,000 marketing items today features the VISA “In Japan without a Yen” TV spot.
CardWeb.com’s CardData database of Company Profiles today features SegPay.
Bankrate reports unique visitors to its flagship CreditCards.com site increased 16% year-over-year. In April 2015 CreditCards.com redesigned its website and incorporated mobile responsive design features. During Q2 2015, total mobile device card approvals increased by 20% compared to Q1 2015.
CardWeb.com’s CardData Reports today features the Cards and Payments Industry in Brazil report by Timetric.
Watch out WEX, VA-based Quarles has unveiled Watchcard, a new national fleet card branded offering. The new universal fleet card is available to businesses across the country to help them manage their fleet’s fuel expenses.
AvidXchange has teamed withViewpoint Construction Software, a provider of innovative construction-specific software solutions to the global construction and capital project industries. AvidXchange and Viewpoint have formed a strategic partnership to deliver clients a best-in-class payment automation solution with a strong integration to Viewpoint’s ERP solutions, Vista by Viewpoint and ProContractor by Viewpoint.