Among the nation’s top four Visa and MasterCard (V/M) issuers, bank credit card charge-offs for the third quarter (Q3/14) of 2.83% are down 56 basis points (bps) year-on-year (Y/Y) and down 41 bps, quarter-to-quarter (Q/Q). However, the trend may reverse in the fourth quarter as delinquency took a turn North in the third quarter.
Ballpark food and beverage concessions at the 2014 World Series, which begins tonight, will be payment NFC-enabled. The Kansas City and San Francisco ballparks will be the first professional sports facilities to accept Apple Pay.
Apple Pay’s first day was filled with merchant acceptance announcements including Walgreens, Petco, Groupon, Wells Fargo, Bank of America, and MasterCard, in addition to the announcements made following the unveiling of Apple Pay last month.
The average American consumer is back to spending at 2012 levels, and will plan to shell out $842 this year, compared to $1,260 in 2013 and $848 in 2012. However, shopping on smartphones and tablets has jumped over the last two years.
USAA’s insurance, banking and credit card businesses earned top rankings in the latest Net Promoter Score (NPS) Benchmark Study by Temkin Group. NPS identifies the likelihood of consumers to recommend a company to their friends and family, using a scoring range from -100 to +100.
No surpise — but rewards or offers continue to be the biggest controllable factor to influence the card of choice. Also, consumers are concerned about the security of their payment cards and are increasingly aware of security related features including mobile fraud and risk tools.
Shopping is changing rapidly as store foot traffic declines as web site clicks soar. Also, the number of consumers willing make a purchase of $500 or more within the next 12 months is growing.
While many analysts indicate President Obama’s Executive Order to mandate chip payment cards for government benefits was a pure political move, others applaud the action.
CardWeb.com’s CardExecs da tabase of card industry movers and shakers today features Maeve McKenna Duska, Vice President of Marketing for USA Technologies. USA Technologies is a leader of wireless, cashless payment and M2M telemetry solutions for small-ticket, self-serve retailing industries. ePort Connect is the company’s flagship service platform, a PCI-compliant, end-to-end suite of cashless payment and telemetry services specially tailored to fit the needs of small ticket, self-service retailing industries.
Seeing a product in a store, then buying it online from another retailer using a smartphone – dropped from 37% in the US last year to 28% in 2014. But “webrooming,” in which consumers buy in a store after researching a purchase online using a smartphone, was reported by an even higher proportion of respondents, 41%.
Los Angeles-based PayYourRent is teaming with Experian RentBureau to help renters build their credit histories. Now, each time a resident pays their rent on-time with PayYourRent, Experian, a major credit reporting agency, will record that positive rental data into the company’s credit reports.
Testing payment terminals has become easier and a lot more cost efficient with the new Galitt HCE probe for KaNest ICC. The HCE probe for KaNest-ICC uses a simple NFC-enabled Android handset to play the role of the card simulator.