While three of the nation’s four largest issuers struggle with growth in U.S. outstandings Capital One (COF) emerges as the only major U.S issuer not facing erosion or stagnation, but real growth. COF’s End-of-Year (EOY) U.S. credit card outstandings have produced a compound annual growth rate (CAGR) of 9.63% between 2010 and 2014, according to CardData
Visa’s global gross dollar volume (GDV) rose 3.3% on a nominal U.S dollar basis in 2014, but currency adjusted is up 10.5% year-on-year (YOY). The CEMEA and LAC regions are the big drivers behind the growth. RAM Research projects Visa’s global GDV will log in around $1788 billion in Q1/15.
Whoops – they did it again and for the 19th consecutive time. Discover agains shared the top spot in the credit card category this year in customer brand loyalty. Discover has held or shared the top Brand Keys ranking in its category for the past 19 consecutive years.
A mobile software development kit (SDK) that helps identify fraudulent behavior and reduce friction for transactions originating from mobile application has been introduced. ThreatMetrix TrustDefender Mobile is here for its customer
Facebook yesterday added a free Person-to-Person (P2P) payments option to Facebook Messenger for U.S. users. Facebook, which already processes transactions for online games and advertisers, has been itching to get into the payments arena big time.
The first and only account opening solution on the market that offers online, mobile web and native app versions continues to provide financial institution end-users and employees the most comprehensive and concise onboarding workflow available through their preferred channel.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Kathy Nevill, Chief Financial Officer of EFT Source.
NXP, Infineon and STMicroelectronics have scored the highest ratings of top IC vendors active within the payment cards. A total of five companies were scrutinized against 10 different criteria all under the categories of Implementation and Innovation.
Optimal Payments has ankled Shane Hibbeler, a seasoned merchant services and financial services industry sales executive and manager, as vice president of sales.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Talbott Roche, President of Blackhawk Network.
U.S. Bank has invested and joined clearXchange, the largest bank-focused digital payments network in the U.S. The investment will also afford the opportunity to explore other ways the payment exchange network could develop from its unified, omnichannel approach to customer service.
IL-based Infinite Peripherals has ankled payment industry veteran Tom McCole to the newly created position of mobile commerce strategy director.