CardWeb.com’s CardData financial database projects bank credit charge-offs among the nation’s top four Visa and MasterCard (V/M) issuers will decline four bps for the third quarter to 3.20%. Chase and Citi report Q3 results on October 14th before the market opening. BofA reports October 15th before the market opening. Cap One reports October 16th after the market close.
Equifax has released FICO Score 9 which offers more nuanced ways to assess consumer collection information, bypassing paid collection agency accounts and offering a sophisticated treatment differentiating medical from non-medical collection agency accounts.
New analysis suggests ApplePay will be the first step towards accelerating mobile payment takeup – similar to what Apple did with digital music – making it affordable and accessible. But, while others have promised to replace our physical wallets with digital equivalents, none has managed to muster mainstream success.
CardWeb.com’s CardData financial database projects global marketing expense by the four payment card networks will slightly increase in the third quarter to $1578 million. Visa announced this week it will release its latest quarterly results on October 29th after the market close. MasterCard will report on October 30th before the market opening. American Express will report Q3 on October 15th after the market close. Discover reports October 21st after the market close.
Global growth rates for B2C E-Commerce will likely slow from close to +20% in 2014 to around 10% by 2018. The Asia-Pacific region is forecasted to be the fastest growing B2C E-Commerce market worldwide and to overtake North America as the number one region in terms of B2C E-Commerce sales within a few years.
Saturday Night Live now has its own MasterCard as the result of a partnership between Alliance Data Retail Services and Broadway Video. Among card perks are rewards for purchases and SNL tickets and exclusive SNL-related offers.
Boosted by an increase in real wages and a leveling off of unemployment claims gave a postive nudge to consumer spending in September. Deloitte says steady economic improvements influencing consumer spending point to a more optimistic outlook for the year-end shopping season.
Elan Financial Services has signed a deal to provide ATM and card processing for Austin, TX-based Crystal Clear Payments’ community financial institution customers.
CardWeb.com’s CardExecs database of card industry movers and shakers today features Lynne Laube, President, COO & Co-Founder of Cardlytics. The Company developed a suite of technologies that enabled banks to leverage consumer purchase data, ensure privacy for their customers and optimize a growing new channel ” online and mobile banking.
NY-based ERP software provider, VAI, has entered into a business relationship with Comdata. S2K customers will now be able to turn their payments center into a profit center via fully automated payment processing capabilities, cash incentives and seamless ERP integration.
The Ethoca global network has added more alerts from card issuers in new geographies, expanded debit and credit portfolios and new data sources, including disputes from customer service issues
Synchrony Financial (f/k/a/ GE Capital Retail Finance) has inked a second deal this week for a jewelers’ retail store card. In the first quarter of 2015, the new REEDS Jewelers private label credit card program will be introduced.