In today’s CardFlash News Que: FORTER (CNP); ACCULYNK (PaySecure); BBVA (Award); and POWA (Banq POS).
CardWeb.com’s CardConferences today features the TRANSACT 2015 event, March 31 – April 2 at the Moscone Center in San Francisco, California. This is the paramount event in payments and technology.
CardWeb.com’s CardData Reports today features the “Insight Report: Best Practice in Frequent Flyer Credit Cards” report. This report analyzes emerging trends and industry best practices in offering credit cards targeted at frequent flyers.
CardWeb.com’s CardWatch database of more than 57,000 marketing items today features the MasterCard “Priceless Lessons – Egypt” TV ad.
The Top 50 U.S. Visa and MasterCard credit card issuers captured a 92% market share of 2014 U.S. Purchase Dollar Volume (PDV). The powerhouse Top 10 grabbed 83% of American consumer and business Visa and MasterCard purchases last year, according to CardData.
Late stage delinquency among the nation’s Big 6 issuers will be pushed higher in 2015 as 30 day to 89 day delinquency begins its climb in the first quarter. Forecaster RAM Research projects 90+ day delinquency among the Big 6 will inch up from an average of 99 basis points (bps) in Q4/14 to 105 bps by end-of-year (EOY) 2015.
A general purpose prepaid card with employee spend controls for business owners has entered the U.S. market. San Francisco startup Bento for Business is now offering a prepaid commercial MasterCard.
As expected the Consumer Financial Protection Bureau (CFPB) posse is circling the wagons of the payday loan industry. The CFPB says this week its mission is to end payday debt traps by requiring lenders to take steps to make sure consumers can repay their loans and not make loans on purely on the ability to collect from consumers.
The Top 5 U.S. Visa and MasterCard credit card issuers had a 64% 2014 marketshare based on U.S. Purchase Dollar Volume (PDV). Credit card king, Chase, captured 25.5% of the U.S. bank credit card market last year, more than double its closest competitor BofA.
Gross dollar volume (GDV) for licensees of Discover-owned Diners Club International is projected to rise 1.6% year-on-year (YOY) in the first quarter. Forecaster RAM Research expects Diners Q1 GDV to come in at $6.6 billion.
The world’s biggest taxi solution for consumers and businesses, currently available in more than 30 countries across four continents is running a prefer Visa campaign. Easy Taxi says Singapore has seen the second highest daily number of cashless transactions via Visa, just behind Brazil, where Easy Taxi is operational in almost 100 cities.
NY-based CardFlight is shipping its new EMV-ready chip card readers to resellers for its SwipeSimple mobile point of sale solution. The Company also announced POS Portal will be a launch partner in distributing CardFlight’s EMV-ready solutions.