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Citi 3Q Intl Cards

Citibank’s international credit card portfolio continued to contract in the third quarter. The number of open or gross accounts (GAC) declined 300,000 in the Latin America region (LAC) and by 100,00 in Asia.


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P2P Lending

Chase implied plans of collaboration with peer-to-peer (P2P) lenders are in the making as crowdfunding takes shape and legitimacy. New data shows the market in the U.S. is HUGE.


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CFPB Tear

The Consumer Financial Protection Bureau has been on a recent tear: hitting a small-dollar lender for illegal debt collection practices; warning colleges to improve disclosure of school-sponsored credit card agreements; and an upcoming proposal to regulate payday-type loans with more severity.


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EMV Migration

New research finds more than 50% of all cards in use now have EMV chips on them. From October to November, the percent grew 5% as banks and card issuers accelerated their rollout of new chip cards.


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Infinea mPOS

IL-based Infinite Peripherals has unveiled an all-in-one EMV/Chip and PIN mobile POS solution. The Infinea mPOS and Infinea mPOS Flat solutions are for the iPhone 5 and iPod touch 5th and 6th generation.


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Samsung Pay & Usher

Samsung wqnts to usher in the new year. Samsung Pay users will have the chance to be treated to an exclusive, special performance and private New Year’s Eve party featuring the platinum-selling recording artist, Usher, in Los Angeles.