Herzliyah, Israel-based Supercom is acquiring Prevision. SuperCom specializes in solutions for e-government, public safety and mobile payments.
Pasadena, CA-based prepaid card specialist Green Dot has appointed Chief Technology Officer and Executive Vice President of Product Development, Kuan Archer, to Chief Operating Officer (COO).
Credit card portfolio valuations are set to decline and the value reductions will appear in earnest by 2017. Driving the change are both changes in card business models as well as regulatory and accounting rule changes.
TSYS has named Thomas Boyer as president of TSYS Merchant Solutions, its direct acquiring business unit. Prior to joining TSYS, Boyer was senior vice president, portfolio management, at Bank of America Merchant Services.
Dallas-based private label credit card specialist Alliance Data Systems (ADS) reports delinquency and charge-offs declined again in November. The trend mirrors the bank credit card market.
CardTrak.com reveals an online scheme luring consumers with “free” access to their credit scores was turns out is was anything but free as the consumer was then billed a recurring fee for a credit monitoring program they never ordered.
Visa and MasterCard International Payment Dollar Volume (PDV) passed the $1 trillion milestone in the third quarter and will likely top $1.3 trillion by the end of 2015. Currently, International credit card PDV is growing 9.5% annually and International debit card PDV is expanding 16.5% annually.
Bank credit card delinquency among the Top 100 U.S. banks continue to decline in the third quarter to 2.16%. The ratio is the lowest in more than 25 years, down 26 basis points (bps) from one year ago, down 65 bps from two years ago and down a stunning 447 bps from five years ago.
CT-based NXT-ID makes its new smart wallet official this week at the CES. This marks the first time that the general public will be able to see and experience Wocket.
CardWeb.com’s CardData financial database projects Visa and MasterCard U.S. Payment Dollar Volume (PDV) will top $1 trillion for the first time in the second quarter of 2015. Currently, U.S. credit card PDV is growing 10.9% annually, U.S. debit card PDV is expanding 7.6% annually.
NY-based ISO iPayment, serving 153,000 U.S. merchants, completed exchange offers and consent solicitations in the amount of $509 million. The move will significantly reduce debt and improve cash flow.
PA-based Dynamics is set to unveil the first and only functional interactive payment card January 6th at the Las Vegas CES event. Dynamics produces and manufactures intelligent powered payment cards and advanced payment platforms.