In today’s CardFlash News Que: POWA (Anywhere Commerce); TILLSTER (Digital Store Platform); CAPRA CONSULTING (EMV); and OpenTable (Android.)
NH-based Ziftr launched a one-stop cryptocurrency/credit card payment platform and customer loyalty program. Ziftr is working to onboard the first group of ziftrPAY merchants to reach a critical mass of ziftrPAY merchants by next holiday season.
CardWeb.com’s CardPixes database of more than 7,000 images today features the Sustain:Green MasterCard from Commerce Bank.
The U.S. bank credit card industry remained tightly concentrated in 2014, based on outstandings, with the top 5 issuers controlling nearly half of the market, the top 10 issuers holding a two-thirds share and the top 50 maintaining an 88% share, according to CardData.
Facing the real possibility of one FOMC rate hike in the second quarter and two additional rate hikes in the second half of 2015, U.S. credit card rates will likely return to the highest rates in five years. RAM Research forecasts U.S. bank credit card rates for accounts assessed interest will climb to 14.24% by EOY 2015.
U.S. bank credit card active accounts (accounts with sales activity), among the top six U.S. issuers, grew 10.3% year-on-year (YOY) and 3.5% quarter-to-quarter (QOQ) in 2014. This comes despite the slight erosion in gross accounts of 1% by Chase, Bank of America and Citibank last year.
Aggregate global gross dollar volume (GDV) for Visa, MasterCard, American Express and Discover is projected to top $13.6 trillion in 2015. According to RAM Research the year-on-year (YOY) growth rate will maintain a 4.5% to 5.5% range through all four quarters this year.
International cash dollar volume (CDV) for Visa and MasterCard credit and debit cards hovered at the US$800 billion level throughout 2014. While the nominal dollar basis shows a slight decline, the year-on-year (YOY) growth was very robust in most of the Visa and MasterCard regions, on the currency adjusted basis, according to CardData.
Oslo-based NEXT Biometrics has been chosen to provide its fingerprint imaging sensor in the new BIO-key EcoID, a low-priced compact USB touch fingerprint reader.
According to new research the mobile money market is expected to grow from $12.34 billion in 2014 to $78.02 billion by 2019, at a compound annual growth rate (CAGR) of 44.6% during the forecast period from 2014 to 2019. In terms of regions, MEA is expected to be the biggest market in terms of market size, whereas APAC and NA are expected to experience increased market traction, during the forecast period.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Dr. Markus Braun, Chief Executive Officer and Chief Technology Officer of Wirecard AG.
In today’s CardFlash News Que: ACCULYNK (Atlanta Courts); BILLTRUST (milestone); PAYTELLER (Janefour20 COO) and INETCO (BECU).