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.
The payment industry earnings season kickoffs on April 14th with the release of first quarter for Chase and Wells Fargo. RAM Research’s DataDates says all of the big issuers will report over a period of seven consecutive business days in April.
CardWeb.com’s CardPixes database of more than 7,000 images today features the EqualityCard Visa issued by First American State Bank.
CardWeb.com’s CardData database of Company Profiles features debit card services provider DebitWay.
Tapingo landed a $22 million investment led by Qualcomm Incorporated through its investment arm Qualcomm Ventures. DCM Ventures, Kinzon Capital, and existing investors Khosla Ventures and Carmel Ventures also participated in the round. The company will use the funding to accelerate its expansion beyond the college market, with the goal of transforming local commerce.
PayPal has made its acquisition of Paydiant official. Paydiant provides the mobile wallet platform for MCX whose members include many of the world’s largest retailers including Walmart, Target, Sears, Wendy’s, Exxon, CVS and many others.
Five of the top consumer finance companies made the Stable Rating Outlooks for this year. FitchRatings says the key ingredients are strong franchises and leading market positions, continued strong credit performance, appropriate risk-adjusted capital levels and increasingly diverse funding profiles.
CardWeb.com’s CardData Reports today features the “Flying Forward: What the Future Holds for Airlines and the Travel Industry” report from Airline Information, organizer of commercial airline, loyalty and co-brand card conferences across the globe.
In today’s CardFlash News Que: ARIBA (Award); IOFM (Studies); CASHSTAR (Award); and NACHA (Conference).
The total U.S. credit card outstandings market of $884 billion at EOY 2014, rose nearly 5% YOY, with most of the robust growth coming from smaller banks and credit unions. Two of the largest issuers grabbed double digit shares: Chase with 14.4% and Bank of America with 10.4%.
Visa and MasterCard control 98% of the U.S. debit and bank-issued prepaid card market and it continues to grow faster than credit cards by 210 basis points (bps). RAM Research projects U.S. debit and prepaid Gross Dollar Volume (GDV) will grow from $2.6 trillion this year to $3.5 trillion for 2019.