A new survey finds the average penalty rate has declined to 28.45 % from a 28.60% average APR in 2012. Among card issuers charging a penalty rate, the lowest, 17.99%, is assessed by Pentagon Federal Credit Union’s Cash Rewards Visa Standard card. The highest penalty rate, 30.24%, is imposed by the NFL Extra Points card from Barclays.
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CardWeb.com’s CardWatch database of more than 57,000 marketing items today features the Visa – “Dan Jansen Olympics” TV ad .
“To view to ad click here”:http://cardflash.com/images/customers/cardwatch/
Chase Paymentech, the pioneer of the acceptance of new payment methods, including PayPal, Bill Me Later, Green Dot and Apple Pay, reported $213.9 billion in Q3/14 dollar volume. Chase Paymentech’s customer base includes 280,277 merchants with 552,191 locations.
Visa gained more U.S. market share in the third quarter than the other three networks, capturing 58.1% of the Gross Dollar Volume (GDV), compared to 57.9% one-year ago. The growth came at the expense of MasterCard who declined from 26.4% in Q3/13 to 26.1% in Q3/14.