VISA ReadyLink has been integrated into Walmart’s Rapid Reload network of prepaid card programs. Visa reloadable prepaid cardholders can now add funds to their general purpose reloadable (GPR) cards at participating Walmart stores.
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.
The Financial Obligations Ratio (FOR) has declined to 15.28%, the lowest measurement since 1981 and the Debt Service Ratio (DSR) has plunged to 9.92%, the second lowest ever recorded in 35 years. However, this trend my reverse in 2015 as the economy heats up.
While the total number of U.S. Visa (V) and MasterCard (M) credit plus debit Cards-in-Force (CIF) topped one billion in 2013, the number of Gross Accounts (GAC) is ready to cross the milestone in 2015. RAM Research forecasts a total of 942 million V+M GAC in the first quarter.
The deep freeze of the Northeast this winter had a dramatic impact on consumer spending in January and February. Boston merchants showed a drastic drop of 6.2% in overall spending during this period of historic blizzards.
With more than two-thirds of all purchases made with payment cards and $20 trillion in credit card transactions expected for 2015, security has become a top priority for organizations that accept credit cards. However, nearly 80% of all businesses fail their interim PCI compliance assessment.
CardWeb.com’s CardWatch database of more than 57,000 marketing items today features the Barclays “Personalized Visa Debit Card ” TV ad from 2012.
In today’s CardFlash News Que: TOUCHSUITE; PAYMENTVISION; INTUIT; AND BIGCOMMERCE.
Tampa-based A-lign has expanded its international presence by offering Payment Card Industry Data Security Standard (PCI DSS) assessments in Canada. This adds to A-lign’s global resume which includes performing security audits in countries including France, the United Kingdom, Costa Rica and India.
ZF Electronic Systems Pleasant Prairie has unveiled the new CHERRY G80-7040LUVEU-2, an EMV Level 1 POS keyboard which serves double-duty by handling current and new credit card technologies.
Purchase Dollar Volume (PDV) on U.S.- issued debit and credit cards by Visa (V), MasterCard (M), American Express (A) and Discover (D) will likely rise 7.2% in the first quarter to $1093 billion, says forecaster RAM Research.
A top online provider of small business loans has buddied with MasterCard to expand
access to working capital for Small- and mid-sized businesses (SMBs).