CardWeb.com’s CardExecs database of payments industry movers and shakers today features Steven Rathgaber, Chief Executive Officer of Cardtronics.
American Express has launched its Small Merchant EMV Assistance Program for small merchants in the USA. AmEx says it found 67% of small merchants surveyed say protection against and prevention of payment-card fraud is a top priority.
EVO Payments International (EVO) and Lime Light CRM have formed a partnership to provide integrated payment processing for direct response merchants and service providers globally.
CenPOS has certified Apple Pay and Google Wallet to its payment-processing platform. The Apple Pay and Google Wallet payment options are supported by CenPOS on the Verifone and Equinox multi-lane devices.
The average U.S. 30+ day delinquency rate among the nation’s four largest issuers declined 25 basis points (bps) to 2.07% during 2014. The top 100 U.S. banks also posted a 25 bps decline last year to 2.16%.
Gross transactions (GTX) of purchases + cash for Visa and MasterCard credit and debit cards in the U.S. grew by 7.8% year-on-year (Y/Y) in the fourth quarter. Gross transactions volume will likely hit 18.38 billion in the first quarter, according to forecaster RAM Research.
Visa’s (VS) Central Europe – Middle East – Africa (CEMEA) region Gross Dollar Volume (GDV) rose year-on-year (Y/Y) 16.8%, 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.
Google has acquired technology and intellectual property from Softcard to integrate into Google Wallet. The deal means the end of the Softcard, a joint venture of AT&T Mobility, T-Mobile USA and Verizon Wireless.
Aggregate U.S. bank credit card outstandings for the nation’s four largest issuers declined 1.4% year-on-year (Y/Y) in the fourth quarter. Growth has been essentially flat over the past two years.
MasterCard’s APMEA Gross Dollar Volume (GDV) rose 14.7% on a local currency basis to US$345 billion in Q4/14, compared to US$340 billion in Q3/14 and US$313 billion in Q4/13.
A new app has been launched enabling users to purchase, share, personalize and swap gift cards from a variety of merchants. The app is available through the App Store and Google Play.
The nearly two year old VantageScore 3.0 is gathering more blowback from U.S. consumers. Social media and the creditkarma website, have been overflowing with consumer complaints of credit scores dropping 60-80 points since the introduction of 3.0.