San Francisco-based Boku has introduced a new cross-platform solution that allows a consumer to store their mobile phone number as their preferred payment method to enable a streamlined checkout experience for one-time and subscription purchases.
The Red Roof Inn is finally getting its own cobranded credit card. ADS Retail Services is expanding its footprint into the hospitality industry as a result of the deal.
Jack Henry’s ProfitStars division has introduced a new platform that enables financial institutions to provide custom online payment and donation services for business customers.
San Francisco-based CARDFREE, has reached over two million consumers on its platform and has signed a top international retailer.
The Company’s mobile commerce platform provides full customer lifecycle capabilities, including smart offers, gifting, order-ahead, stored value, payments, loyalty and rich data analytics.
MD-based Merchant Link will use Bluefin’s Decryptx PCI-validated Point-to-Point Encryption (P2PE) Solution to enterprises and retailers utilizing Merchant Link’s TransactionLink middleware for EMV and contactless payment acceptance on integrated POS (iPOS) systems.
Visa is teaming with FIs globally to enable mobile payment services. BBVA and Cuscal have launched new issuer-branded mobile payment applications for mobile devices running on the Android operating system.
CardWeb.com’s CardWatch database of more than 57,000 marketing items today features the Bank of America “Bennie Stops Growing” TV ad.
The average U.S. 90+ day delinquency rate among the nation’s four largest issuers declined 12 basis points (bps) to 1.04% during 2014. The top 100 U.S. banks also posted a 13 bps decline last year to 1.08%.
Cash transactions (CTX) for Visa and MasterCard credit and debit cards in the U.S. grew by 2.7% year-on-year (Y/Y) in the fourth quarter. Cash transactions volume will likely hit 1.21 billion in the first quarter, according to forecaster RAM Research.
Visa’s (VS) Latin America Caribbean (LAC) region Gross Dollar Volume (GDV) rose year-on-year (Y/Y) 13.7%, on a local currency basis, in the fourth quarter (Q4/14). Growth in the region has been growing steadily in the second half of 2014, and will likely remain so through 2015.
The average charge-off ratio among the nation’s four largest issuers declined 37 basis points (bps) year-on-year (Y/Y) to 2.97% in the fourth quarter (Q4/14). The top 100 U.S. banks posted a 34 bps decline last year, also to 2.97%.
MasterCard’s European region Gross Dollar Volume (GDV) rose year-on-year (Y/Y) 16.2%, on a local currency basis, in the fourth quarter (Q4/14). Growth in the region has been growing steadily and will likely remain so through 2015.