Most Millennials don’t have credit cards and aren’t interested in applying for one. Plus 30% merged bank accounts before they were married, compared to twelve percent of Baby Boomers.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Malcolm McRoberts, Senior Vice President, Small Business Services of Deluxe Corp.
ACI confirmed its commitment to the continuing development of ReD Shield, its flagship eCommerce fraud prevention solution. The solution is central to ACI’s Universal Payments (UP) omni-payments offering for leading retailers that the company supports around the globe.
A new cryptocurrency is emerging in ziftrCOIN. Ziftr has created a suite of tools and applications designed to integrate with Bitcoin, ziftrCOIN, Litecoin, Dogecoin and other popular altcoins.
In 2005, Shift4 introduced the term tokenization to the payments industry at a Security Summit in Las Vegas. In the years that followed, tokenization became a buzzword and a go-to solution for security-conscious businesses.
A stunning new survey shows the average Ingo Money user loads 90% more value per month to their prepaid card than a non-user, with no measurable cannibalization of pre-existing load volume or load fee revenue. Prepaid cardholders enrolled in Direct Deposit who also use Ingo Money load 44.2 percent more value monthly than non-users.
Detroit-based Rock Processing is here, the brainchild of Rock Ventures, the Quicken Loans family of companies and International Bancard.
Cardtek USA reports its sister company, Phaymobile’s has memberships to “Samsung Enterprise Alliance Program” and “Tizen Association Partner Program.”
Purchase Dollar Volume (PDV) on U.S.- issued debit cards by Visa (V) and MasterCard (M) rose 8.5% during the fourth quarter. Visa posted a 6.6% gain while MasterCard reported a 13.1% gain.
The payments cards industry profitability has been in the dumper since 2009, but is slowing crawling its way out over the past six years. Payment investment banker and guru R.K. Hammer says this year credit card ROA’s could top 4%.
U.S. Visa (VS) and MasterCard (MC) credit card U.S. Gross Dollar Volume (GDV) hit $507 billion in the fourth quarter. For the fourth quarter VS and MC domestic credit card GDV grew 15.5%, strongly driven by Visa.
After hunkering down, Millennials will make 2015 a year of major purchases and life experiences new research shows. The country’s 80 million Millennials say they will be wielding their wallets in the months to come a “swan song” for retailers.