Synchrony Financial’s CareCredit card has gone digital, enabling mobile payment functionality for all CareCredit cardholders and providers. The CareCredit card has 9 million cardholders that connects 186,000 healthcare providers.
OH-based Diebold has acquired Ontario-based ATM software developer Phoenix Interactive Design. Phoenix’s FI clients include TD Canada Trust, National Australia Bank Group and Fifth Third Bank.
In today’s CardFlash News Que: Entersekt (CNP); Reportbuyer (XaaS); Nexonia (Microsoft Dynamics); and pcipolicyportal.com (PCI Toolkit).
While the Chase credit card portfolio has consistently posted robust purchase dollar volume (PDV), outstandings declined between 2009 and 2013, with a compound annual growth rate (CAGR) of -1.24%, according to CardData. However, Chase turned the corner last year with a 2.5% year-on-year (YOY) gain.
The 30+ day delinquency ratio continues to hover at a 25+ year low and charge-offs for the past two quarters hit the lowest level since 1986. However, both metrics may be headed higher this year as Q3 and Q4 metrics among the biggest issuers uptick.
Visa and MasterCard credit, debit and prepaid cards around the world will likely top 3.9 billion or up 4.5% in the first quarter according to forecaster RAM Research. Visa will end the quarter with about 2411 million and MasterCard with 1488 million cards-in-force (CIF).
Hackers hit pay dirt with the recent credit card system breach of upscale hospitality chain Mandarin Oriental Hotel Group. Considering the hotel’s wealthy clientele, many of hacked cards have very high or no credit limits.
The CFPB’s Arbitration Study, released this week, found nearly 75% of consumers surveyed were unaware whether the contracts they signed included an arbitration clause. Of the consumers surveyed, fewer than 7% actually understood that an arbitration clause would preclude them from suing the company.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Eric Marks, Managing Director of Auriemma Consulting Group.
MasterCard is hosting a contest for entrepreneurs’ best Priceless Elevator Pitch for a chance to win $15,000. The promotion is part of the annual Mashable House held in conjunction with
the annual SXSW Interactive in Austin.
In today’s CardFlash News Que: BLUEFIN; NCR; BANKRATE; AND MYECHECK.
A solution that can make ubiquitous mobile payments a reality for all phone users, plus makes transactions secure, convenient, easy, and affordable and it has endless possibilities in the realm of secure identification is here.