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.
The world’s first contactless payment card featuring an integrated fingerprint sensor is in the works from a partnership between MasterCard and Zwipe. The launch of the card comes after a successful live pilot with Norway’s Sparebanken DIN.
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.
CardWeb.com’s CardExecs da tabase of card industry movers and shakers today features Maeve McKenna Duska, Vice President of Marketing for USA Technologies. USA Technologies is a leader of wireless, cashless payment and M2M telemetry solutions for small-ticket, self-serve retailing industries. ePort Connect is the company’s flagship service platform, a PCI-compliant, end-to-end suite of cashless payment and telemetry services specially tailored to fit the needs of small ticket, self-service retailing industries.
Seeing a product in a store, then buying it online from another retailer using a smartphone – dropped from 37% in the US last year to 28% in 2014. But “webrooming,” in which consumers buy in a store after researching a purchase online using a smartphone, was reported by an even higher proportion of respondents, 41%.
Los Angeles-based PayYourRent is teaming with Experian RentBureau to help renters build their credit histories. Now, each time a resident pays their rent on-time with PayYourRent, Experian, a major credit reporting agency, will record that positive rental data into the company’s credit reports.
Testing payment terminals has become easier and a lot more cost efficient with the new Galitt HCE probe for KaNest ICC. The HCE probe for KaNest-ICC uses a simple NFC-enabled Android handset to play the role of the card simulator.
Miami-based Net Element has filed for a $50 million universal shelf registration statement to provide the Company with increased financial flexibility to execute on its business strategy and invest in opportunities in mobile payments and value-added transactional services.
CardWeb.com’s CardPixes database of more than 7,000 card images today features the Navy FCU Visa Signature Flagship Rewards . The card is issued by the Navy Federal Credit Union.
San Francisco area – based Feedzai has inked a new customer in Brazil. The new customer in Brazil can handle more than 10,000 transactions per second and is licensed by both Visa and MasterCard.