CardWeb.com’s CardExecs database of payments industry movers and shakers today features Todd Wilkinson, President and Chief Executive Officer of Datacard Group.
In 2014 government agencies spent almost $26.4 billion in 2014 through 90 million transactions, mostly with the GSA SmartPay Purchase Card. There are currently over three million government purchase cards in circulation.
Denver-based payment processing specialist Vogogo has completed the acquisition of all of the issued and outstanding shares of Vanado consulting and payment services.
A new Iowa-based company is deploying the first Bitcoin ATM in Iowa. Leverage Holdings offers technology solutions in the areas of crypto-currencies.
Experian is now now offering its members FICO Scores through its direct-to-consumer products. The FICO Score is front and center as the first in a series of new Experian product enhancements that will be integrated over the next 18 months.
HyprKey is unveiling its patent-pending HYPR-3 biometric mobile wallet app this week at the 2015 International CES in Las Vegas. HYPR-3 is an open protocol for biometric authentication.
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.
Visa (VS) and MasterCard (MC) Global Gross Dollar Volume (GDV) will likely increase 8.3% in the fourth quarter to $3189 billion. CardData projects U.S. GDV will come in at $1122 billion and International GDV will come in at $2067 billion.
Total spending on general purpose credit cards will likely approach $3.0 trillion in 2015 and may top $4.0 trillion by 2019, according to CardData. Next year will be a major transitional period as the U.S. goes EMV and global NFC takes shape.
Fidelity credit cardholders directing their cash rewards into a Fidelity account will average $1,476 in cash rewards in 2014. If they earn a similar sum each year and direct the cash towards a 529 college savings account every year for 18 years, the total rewards accumulated could exceed $26,000, without even factoring in potential compound annual growth.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Kim Fitzsimmons, U.S. Market President for Chase Merchant Services.