Atlanta-based MobileRecharge.com has launched MobileRecharge, an app for iOS and Android devices. The app is free to download on App Store and Google Play.
U.S. Visa (VS) and MasterCard (MC) credit card U.S. Gross Dollar Volume (GDV) is expected to top $515 billion in the fourth quarter. In the third quarter VS and MC credit card GDV grew 10.7%.
Purchase Dollar Volume (PDV) on U.S.-issued debit cards by Visa (V) and MasterCard (M) is expected to slightly increase in the fourth quarter to $477 billion. Debit PDV jumped 7.6% year-on-year (Y/Y) in the third quarter of 2014 (Q3/14) to $452 billion, according to CardData.
Visa is expected to gain another 10 basis points (bps) in marketshare in the fourth quarter. At the end of Q3/14, VS remained the U.S. giant with a 58.9% market share, compared to 26.1% for MC, 13.3% for AX and 2.5% for DS, according to CardData.
During the ongoing EMV rollout, card issuers are particularly vulnerable to account takeover fraud because crooks already know there will be an abundance of reissued cards in the mail as a result of EMV technology conversion. Additionally, the costs associated with returned mail may be significant for card issuers.
International (excluding the USA) Gross Dollar Volume (GDV) for Visa (VS) and MasterCard (MC) debit cards will likely top a record $1 trillion for the four quarter. During Q3/14 VS and MC produced $962 billion in international debit card GDV, compared to $932 billion in the prior quarter and $874 billion one-year ago.
Community banks reissued nearly 7.5 million credit and debit cards at a total reissuance cost of more than $90 million as a result of the Home Depot data breach.
Payza members with U.S. bank accounts can now access ACH deposits and withdrawals. For a limited time, Payza will waive the deposit fees for all U.S. bank transfer deposits over $200.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Nearly four of out ten middle-class military families (commissioned officers and senior NCOs in pay grades E-6 and above with household incomes of at least $50,000) experienced credit difficulties during the third quarter. The First Command Financial Behaviors Index says survey respondents reported a variety of problems with credit cards: •…
The FIDO Alliance published final 1.0 drafts of its two specifications — Universal Authentication Framework (UAF) and Universal 2nd Factor (U2F). The Alliance is an open industry consortium delivering standards for simpler, stronger authentication.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Bridget Bender, Founder and Chairwoman of Velocity Solutions.
Velcro Pay launched a local reputation report program for businesses to receive a free online reputation report that shows what their customers are saying about them.