Alternative FICO

FICO is teaming up witb LexisNexis Risk Solutions and Equifax to use alternative data to identify creditworthy individuals who would otherwise be unlikely to obtain traditional credit. Card issuers will be able to use the alternative score without having to “rip and replace” existing systems, significantly lowering the cost and accelerating time to market.   

MC AVG US P-TIX

MasterCard’s average ticket (TIX) per purchase for U.S. credit cards has increased 10.3% since 2009, compared to Visa’s decrease of 1.9% during the same five year period. MasterCard’s average U.S. debit card purchase TIX runs about 4.8% higher than Visa’s since 2009. According to CardData, the MasterCard average TIX for full-year 2014 for credit cards is $90.23 and $39.42 for debit cards, up $8.39 and 8 cents respectively, compared to 2010.