Capital One (COF) will likely lead the top issuers in outstandings and volume year-on-year (YOY) growth in the second quarter with expected outstandings of $77.6 billion, according to forecaster RAM Research. In the first quarter COF outstandings increased by 9% YOY and purchase dollar volume (PDV) surged by 18%, according to CardData.
American Express global Gross Dollar Volume (GDV) is growing 3.3% annually, compared to an average of 1.6% for its peer group: the four top U.S.-based networks, according to CardData. RAM Research forecasts Q2 global AmEx GDV will slightly exceed $276 billion.
Discover’s credit card outstandings will likely top $55 billion for the second quarter according to forecaster RAM Research. CardData says Discover’s credit card outstandings continued strong in the first quarter rising 5.1% as Purchase Dollar Volume (PDV) rose 2.7%, year-on-year (YOY).
CA-based Batched.com is providing minority owned businesses EMV ready and Apple Pay enabled credit card processing equipment at no cost to make sure minority owned businesses are compliant with the new Visa MasterCard regulations taking effect on October 1, 2015.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Pieter van der Does, Co-founder / President & CEO of Adyen.
MI-based North American Bancard (NAB) has ankled Rhett Rowe as president of its subsidiary, Capital for Merchants (CFM), a merchant cash advance program that helps businesses get the working capital they need. In his new position, Rowe will be responsible for providing strategic
USAA took the top spot in the Temkin Web Experience Ratings for the second straight year. USAA was also in the top 14 with its insurance and credit card businesses, along with credit unions, Capital One 360, SunTrust Bank, eBay, Chase, Fidelity Investments, QVC, Sheraton, and Apple Retail.
CardWeb.com’s CardData database of Company Profiles today features Saylent.
CardWeb.com’s CardWatch database of more than 57,000 marketing items today features the Load&Go VISA Prepaid Card – Australia Post TV Ad.
CardWeb.com’s CardConferences today features the R2 | Retail Reinvention 2015, August 4 and 5 in Chicago.
Banco de Chile, the second largest financial institution in the Chilean banking market, with a strong focus on retail banking. The bank is currently replacing its automated teller machines with secure systems from Wincor Nixdorf, and as part of this process, it has now ordered another 500 CINEO ATMs.
G6 Hospitality, parent company of the iconic brands Motel 6 and Studio 6 has selected Ingenico Group’s customer-facing iSC Touch 480 touchscreen readers, designed for high-traffic and high-volume lodging and retail environments.