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.
Samsung Pay will be a reality this summer following the launch of the new Galaxy S6 and S6 Edge phones on April 10th. Visa and MasterCard are fully supportive of Apple Pay’s newest and most formidable competitor.
New research, based on social media, finds that the confusion and concern over safety and security of mobile payments has been replaced with conversations about tokenization and biometrics.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Dennis Byrnes, Executive Vice President, Chief Administrative Officer of ACI Worldwide.
A proof-of-concept connected car to test mobile and online purchases on the go is the works. Visa, Pizza Hut and Accenture have teamed to develop a connected car for commerce a reality.
Barclaycard US and Bank of Hawaii have teamed with Hawaiian Airlines to launch two new co-branded MasterCards. Both cards offer a sign-up or activation bonus of 35,000 miles and a one-time 50% discount on a coach roundtrip companion airfare between Hawai’i and North America on Hawaiian Airlines.
Linkable Networks has snagged $11.7 million in funding along with three key executive team hires. Since 2011 Linkable has been building a scalable platform that provides brands and retailers the ability to engage, reward and incent their consumers directly and across any channel – online, mobile and in-store.
TrialPay, a privately held company with an offers platform that connects merchants with millions of consumers through targeted promotions is being acquired by Visa.
MasterCard has formed a global partnership with Cubic Transportation Systems to create a better transit experience. As part of the agreement, MasterPass, MasterCard’s secure digital payment service, will be integrated with Cubic’s NextWave ticketing and journey planning app.
CO-based CPI Card Group has inked a deal with the Independent Community Bankers of America (ICBA) as the ICBA Preferred Service Provider for instant issuance payment solutions. The expansion comes through ICBA’s recognition of CPI’s Card@Once technology.