Boston-based Abine is launching a new beta service designed to help Bitcoin users more fully participate in online commerce. The invite-only beta will enable Bitcoin to Abine Masked Card purchases at any merchant.
Online billing service Hiveage’s newest API allows users to connect online billing with Hiveage straight into their own applications, such as shopping carts and online order forms, and retrieve data to generate reports for accounting.
Profits (after tax) among the nation’s top four bank credit card issuers declined 9.0% in the fourth quarter (Q4/14), compared to one year ago (Y/Y) and down 4.3% sequentially (Q-Q). However, after adjusting for abnormal loan loss provisions in Q4/13, profits were up an estimated 8.4% Y/Y.
The jury is still out on the implications of the PayPal Paydiant acquisition and how it could affect its relationship with the Merchant Customer Exchange (MCX) and its CurrentC Network. However, a credit union service organization sees itself a clear winner from the deal.
With the exception of Chase, the average yield for U.S. credit cards issued by the top four issuers, remained flat throughout 2014. However, RAM Research predicts U.S. credit card yields will decline slightly in the first quarter, despite the historical seasonality of Q1.
U.S. Visa (VS) and MasterCard (MC) credit card U.S. Gross Dollar Volume (GDV) will likely come in at $470 billion in the first quarter. Visa has posted strong double-digit gains in U.S. GDV and about double the growth rate of MasterCard.
After failing to secure a new co-branded credit card agreement with American Express, Costco has inked long-term deal with Citibank. The new Citi Visa cards will be effective next year.
Nearly 13 million U.S. consumers were victims of identity fraud last year, a 3% decline from the same period in 2013. New account fraud hit a record low last year.
MI-based Stratos unveiled the Stratos Bluetooth Connected Card. It is the industry’s first payment card that consolidates an unlimited number of plastic cards into one and works everywhere traditional cards are accepted.
Nashville-based TransCore has landed a major contract the Massachusetts Department of Transportation (MassDOT) to modernize its E-ZPass system. The State is moving towards a cashless tolling solution.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Dave Hobday, Managing Director of Worldpay UK.
VA-based Intelishift Technologies now accepts payment in Bitcoin. Colocation providers can now pay for their colocation hosting services using the virtual currency. A peer-to-peer type of payment, users can make transactions using Bitcoin without needing an intermediary.