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.
Spain’s CaixaBank is deploying Gemalto’s Optelio Contactless MiniTag payments wristband. The wearable devices market is booming, with around 70 million units projected to be sold in 2017..
GA-based Ingo Money and TN-based Advance Financial are launching a co-branded, consumer-direct mobile application to digitize check cashing transactions. Ingo for Advance Financial will debut before year’s end.
Mexico’s Banco del Bajío has inked a deal to license the TSYS’ PRIME 4 card management solution. The agreement represents TSYS’ first PRIME 4 signing in the Mexican market.
CardWeb.com’s CardExecs database of card industry movers and shakers today features Steven Laub, President and Chief Executive Officer of Atmel. The Company specializes in the design and manufacture of microcontrollers, capacitive touch solutions, advanced logic, mixed-signal, nonvolatile memory and radio frequency (RF) components.
Montreal-based DataCandy has accessed Blackhawk Canada’s digital platform to fuel growth in the digital distribution of gift cards processed by DataCandy in Canada. DataCandy is a specialist in loyalty and gift card software solutions.
While a data breach can be costly to financial institutions it also represents a silver lining for card manufacturing. As a result, instant issuance solutions are taking off.
VA-based Phoenix Managed Networks has completed the deployment of VeriFone’s next-generation IntelliNAC i6 network access controller to Phoenix’s PCI compliant transactions network. IntelliNAC has been certified by select payment processors on the Phoenix network and is now processing nearly one hundred million transactions a month.
NY-based The Small Business Authority, (not a part of or endorsed by the U.S. Small Business Administration), is offering the American Express Full Acquiring Program to its small business customers and sales channels via its merchant processing segment, Newtek Merchant Solutions.
Palo Alto, CA-based WePay has introduced WePay Clear which provides platforms ” crowdfunding sites, online marketplaces, and business software ” with all of the tools they need to enable their users to accept payments, including merchant onboarding, credit card processing, and payouts.