Chase reported purchase dollar volume (PDV) in the first quarter of $112.8 billion, up 7.9% year-on-year (Y/Y). The number of active credit card accounts also ticked up to 32.5 million, a 4.8% increase over first quarter 2014.
U.S. Visa (VS) and MasterCard (MC) credit card U.S. Gross Dollar Volume (GDV) will likely $473 billion in the first quarter. VS + MC debit card GDV will likely rise to $621 billion in Q1 says CardData
The number of Visa and MasterCard credit and debit cards-in-force (CIF) in the U.S. will grow by 8.1% in 2015. Forecaster RAM Research projects 9.9% in credit CIF and 6.4% in debit CIF this year.
PokitDok introduced its Health Credit Outcome (HCO) product, designed to aid qualification tools used by lending institutions, payment solutions, health systems and medical practitioners, as they make new financing options available to their customers for non-acute medical services.
TriNet Marketplace, one of the nation’s largest employee benefits marketplaces, has inked a deal with Kashable, an alternative consumer lending program for employees. As part of the agreement with TriNet, Kashable loan programs are now available to all 250,000 employees of its clients nationwide.
GE announced it intends to return its focus on making stuff instead of making consumer loans. Under the plan, GE expects that by 2018 more than 90% of its earnings will be generated by its high-return industrial businesses, up from 58% in 2014.
CardWeb.com’s CardConferences today features the CARDS & PAYMENTS MIDDLE EAST 2015, conference, May 12-13 at the Dubai International Convention & Exhibition Centre in Dubai.
Rent payments via mobile devices continues to pick up steam for convenience as well as reporting each on-time rent payment to major credit bureaus. Missouri’s FasterHouse is the latest to jump on the RentTrack bandwagon.
YapStone ankles Daniel Issen as Chief Technology Officer to lead the engineering and product delivery teams. YapStone is a provider of web and mobile payment technology solutions whose platform powers electronic payments for global online and mobile marketplaces.
CardWeb.com’s CardData database of Company Profiles features QSR payments specialist Tillster. Perse Faily is the CEO and President.
CardWeb.com’s CardWatch database of more than 57,000 marketing items today features the Santander “123 Credit Card Advert with Jessica Ennis-Hill.”
Atlanta-based Ingo Money, pioneer of instant, guaranteed mobile check cashing, announced today that it has received additional growth capital totaling $13.5 million. The company intends to use these funds to finance its operations and fuel accelerating growth led by overwhelming demand for its mobile check cashing and risk management platform.