One of the most important and widely accepted card profit metrics is to “risk-adjust”‘ top line revenue. This is defined as the total revenue yield (all fees and interest) less loan losses. The trend recently has been greatly improving and very instructive.
Visa is beefing up its technology resources by creating 2,000 full-time technologist positions. Part of the move is converting existing contractor positions to full-time positions. Visa also announced plans to open a new technology center in India.
CardWeb.com’s CardExecs database today features Christine Larsen, Executive Vice President and Chief Operations Officer of First Data.
Walmart and Green Dot are planning a nationwide rollout by the end of October of its checking account product linked to a MasterCard debit card. The new GoBank full-featured checking account does not charge overdraft fees, minimum balance fees or monthly fees with qualifying direct deposits.
Payment cards transaction value in Switzerland grew by a compound annual growth rate (CAGR) of 3.31% between 2009 and 2013, and is expected to continue to grow at a 2.85% CAGR through 2018. In terms of transaction value, both the credit and charge card markets recorded CAGRs of 4.84% and 4.24% respectively, between 2009 and 2013.
. CA-based MyECheck says it is back on track plan to launch its mobile payment apps in January. The MyECheck mobile payment solutions do not require any special hardware, and will work with all smart Apple and Android devices.
The NFC Forum has released a new white paper to guide any developer seeking to give consumers seamless access to Bluetooth and Wi-Fi services using Near Field Communication (NFC). The white paper details the use of NFC’s connection handover capability.
At the request of the Federal Trade Commission (FTC), a federal court has shut down Butterfly Labs, a Missouri-based company that allegedly deceptively marketed specialized computers designed to produce Bitcoins, a payment system sometimes referred to as “virtual currency.”
Higher competition, stringent regulations and the possibility of adverse outcomes of the ongoing litigations raise both operational and financial risks for Visa going forward. Nevertheless, Zacks Investment Research notes a strong network of merchants and updated technology should drive growth.
Experian released a new study with the Ponemon Institute on data breach preparedness which found that executives are concerned about the effectiveness of their data breach response, despite taking the basic steps to be prepared.
Naples, FL-based ACI Worldwide has deepend its relationship with Yodlee. The partnership empowers ACI’s financial institution (FI) customers to deliver optimal bill pay and online financial management experiences to their end users.
A new cardholder benefit from Citi searches for a lower price after you buy an item. When a lower price is found the Citi Price Rewind feature will post a refund of the price difference to the account. Citi recently made changes in the program to up the savings.