Citibank’s U.S. bank credit card profits rose 22.4% year-on-year (Y/Y) and retail credit card profits rose 1.4% Y/Y in the fourth quarter of 2014 (Q4/14). End of Period (EOP) bank credit card outstandings declined 4.3% Y/Y, while purchase dollar volume (PDV) rose 3.9% Y/Y.
There are conflicting forecasts regarding the outlook for the global m-commerce market between 2015 and 2019. On the low end is a compound annual growth rate (CAGR) of 22%, while the high end the CAGR is predicted to be 32%.
Fiserv unveiled CardValet enabling cardholders to turn their card off when their card is not in use, establish spending limits to allow transactions up to a certain dollar value and decline transactions when amounts exceed predefined thresholds. In addition, transactions can be monitored or controlled for specific merchant categories.
NY-based inLighten’s iGIVE Digital Donation Kiosks are now considered the “Hot Religious Product” of the year. iGIVE enables churches to accept donations via cash, check, credit/debit card and online payment services.
Austin-based Buzz Points has named Dwayne Spradlin as Chief Executive Officer. Since its launch, Buzz Points has expanded to 32 markets in 24 states.
Fiserv launched CardValet mobile card management application allowing financial institutions to improve cardholder engagement and reduce fraud losses. In doing so it allows cardholders to monitor and control how, when and where their cards are used. CardValet from Fiserv is a turnkey mobile application that can be downloaded from the Apple App Store or Google Play Store. Using CardValet, cardholders can turn their card off when their card is not in use, establish spending limits to allow transactions up to a certain dollar value and decline transactions when amounts exceed predefined thresholds. Transactions can be monitored or controlled for specific merchant categories, such as travel, restaurants, or entertainment, and can be denied or reported for specific types of merchants. Alerts can also be established to inform cardholders of specific types of transactions and sent when a card is used, when a transaction is approved and exceeds any of the permitted use policies, or when a card transaction has been attempted.
NY-based ShopKeep has introduced a new iOS mobile reporting application that enables merchants to quickly access their business data in real-time, wherever they are. The cloud-based technology provider has more than 16,000 registers in use by retail shops, restaurants, and other organizations.
After a pilot with Adelman Travel, CSI says its globalVCard is ready for prime time. CSI’s virtual card and mobile technology meets the biggest challenges of the corporate travel procurement industry: compliance, security, and hotel direct billing.
U.S. Bank’s Elavon business unit is introducing a turnkey mobile POS system for small and medium businesses (SMBs) in the U.S. Elavon is joining forces with Verizon and talech to create the SMB solution.
Delhaize America has picked Verifone’s multi-media, EMV and NFC-capable MX 925 payment terminals to enhance consumer engagement at the POS across all of Delhaize America’s U.S. locations.
MasterCard appointed Michael Fiore group executive Global Prepaid Solutions. A ten year veteran with the company, he will lead the ongoing development and execution of the company’s global prepaid strategies. These programs provide individuals, organizations and governments with tools that create more efficient, easier ways to receive, hold and activate money. Fiore replaces Ron Hynes, who recently left MasterCard to pursue a new opportunity. Most recently with Mastercard, Mike led the company’s cross-border remittance, person-to-person payment and disbursement strategies and was instrumental in the acquisition of Orbiscom.
CA-based merchant services provider Century Business Solutions has added another ERP system to its arsenal of programs to which it can integrate with QuickBooks, Sage programs, and NetSuite. The move comes on the heels of a partnership with ExpandIT Solutions.