College credit card agreements are down 70% since Congress passed new disclosure requirements in 2009. In recent years, there has been a steady decrease in both the number of college credit card agreements and open accounts.
Total new bank-issued card credit originated year-to-date in September was $183.9 billion, a six-year high and an increase of 25.9% from same time a year ago. The total number of new cards issued year-to-date in that same time was 37.7 million, also a six-year high and an increase of 20.1%.
A new innovative security measure can confirm the identity of any person or object, including debit and credit cards, even if essential information (like the complete structure of the card) has been stolen. It uses the unique quantum properties of light to create a secure question-and-answer (Q&A) exchange that cannot be “spoofed” or copied.
Mobile bill payment use is growing rapidly among U.S. consumers, with 27 million U.S. online households now paying at least one bill from their phone, up nearly 70% over 2013. However, new research shows they use an average of three different payment methods each month.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Jacqui Segura, Vice President of Merchant Solutions for UniteU.
American Express announced it is kicking off a research pilot to study consumer savings behaviors using the Serve software platform. This research pilot can help identify new ways to promote saving and explore whether certain behavioral interventions are effective in increasing consumer savings.
CardWeb.com’s CardWatch database of more than 57,000 marketing items today features the Citi ThankYou Premier Sailing magazine ad.
The provider of the first gift card offering stock, Stockpile, is partnering with Yodlee to offer two new programs.
Scotia Security Group has announced its intention to enter the US market with its ATM Cassette Guard device for protecting staff during cash replenishment. ATM Cassette Guard restricts access to the ATM’s cash cassettes during cash replenishment; programmable access codes and a full audit trail ensure complete access traceability, so the opportunity for fraud is extremely low. Integrated security features defend against physical attacks including thermal, cutting and explosives. Scotia Security Group has earned an enviable reputation for advanced banking security products; its customer list includes most major UK banks, many multi – national banks operating in the UK and several building societies. ATM Cassette Guard can be installed very quickly and easily; it uses existing fixing points so downtime is minimal and servicing can be carried out as normal.
VA-based 3Delta Systems is now certified to process payments through Chase Paymentech. Customers using the 3Delta Systems Payment WorkSuite® card processing platform can now submit their transactions to Chase Paymentech.
USA Technologies has landed one of its biggest deals with a large-scale roll out of e-Port with Five Star Food Service. USA Technologies (USAT) is a specialist in wireless, cashless payment and M2M telemetry solutions for small-ticket.
Palo Alto, CA-based Bill.com has introduced Fast Pay, enabling SMBs to pay and get paid faster, allowing precise cash flow management. Now, SMBs in particular can rely on a seamless digital solution without the hassle of going to the bank to send wire transfers or scheduling pickups by FedEx or UPS.