CardWeb.com’s CardWatch database of more than 57,000 marketing items including direct mail, print ads, TV ads, etc. today features the MasterCard – “One More Day” TV ad from July 2014.
Bank credit card purchase dollar volume (PDV) increased 8.6% year-on-year (Y/Y) and 0.7% quarter-on quarter (Q/Q) in the third quarter (Q3/14), as outstandings continue to contract. The change in consumer behavior is significant for issuers who rely on interest income to subsidize purchase-based reward program expenses, according to CardData.
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.
The “ApplePay Day” is Monday, October 20, 2014, a day that might live into infamy in the payments industry. Next week, American consumers will be able to start making payments with the touch of a finger.
Synchrony Financial (f/k/a GE Capital Retail Finance) posted a 14.5% decline in third quarter (Q3/14) profits to $548 million. However, period-end loan receivables growth for the retail payment card giant remained strong at 7%, driven by purchase volume and average active account growth.
Alliance Data Systems reported third quarter revenue increased 20% to $1.3 billion while adjusted EBITDA, net increased 15% to $376 million for the third quarter of 2014.
Based on forecasts provided by acquirers representing approximately 80% of U.S. purchase volume at least 47% of U.S. merchant terminals will be enabled for EMV chip technology by the end of 2015. Also Visa announced it is kicking off a national awareness and education effort that will reach millions of U.S. cardholders and merchants with information about chip technology.
CardWeb.com’s CardExecs database of card industry movers and shakers today features Manuel Medina-Mora, Co-President of Citi overseeing Global Consumer Banking.
Starbucks will introduce for the first time Mobile Order and Pay in stores within the Portland area before the end of the calendar year. Starbucks is also beefing-up its My Starbucks Rewards loyalty program.
Amsterdam-based Mobbr has unveiled the world’s first and only crowd payments platform for the collaborative economy. Mobbr Crowd Payments unlocks the true potential of crowd-sourced labor.