Visa (VS) and MasterCard (MC) Global Gross Dollar Volume (GDV) will likely increase 8.3% in the fourth quarter to $3189 billion. CardData projects U.S. GDV will come in at $1122 billion and International GDV will come in at $2067 billion.
India’s ICICI Bank launched ‘Pockets by ICICI Bank’ app allowing NRI customers to access their bank accounts on Facebook. Tapping the convenience of banking while on social media, customers can carry out important tasks through this app which include viewing account summary, E-statement as well as a mini statement of ICICI Bank India NRE/ NRO savings bank account. A customer can access the application by logging in with his Facebook user ID and searching for ‘Pockets by ICICI Bank’. He/she will have to register for the app to activate and start using it.
Nearly six out of ten UK shoppers believe a prepaid card with a set limit to spend on it would minimize the risk of overspending. They were also considering new payment technologies to help them stick to their budgets this holiday season.
Global online and mobile payments worldwide may reach three trillion Euros by 2018. Mobile payment outpacing online and the total payments market.
CardWeb.com’s CardWatch database of more than 57,000 marketing items today features the Capital One Quicksilver “No Drama” TV ad.
Wallet One (W1) international payment system has launched its multi-currency e-wallet via franchising model. The product is available on web interface and mobile applications (both for iOS and Android). It provides country-adapted interface, meets all requirements of the national regulations, and supports all key features of the W1 international payment system. Via the e-wallet users can pay more than 350 local service providers and supports over 100 methods of topping- up the wallet and money withdrawal.
Total spending on general purpose credit cards will likely approach $3.0 trillion in 2015 and may top $4.0 trillion by 2019, according to CardData. Next year will be a major transitional period as the U.S. goes EMV and global NFC takes shape.
Fidelity credit cardholders directing their cash rewards into a Fidelity account will average $1,476 in cash rewards in 2014. If they earn a similar sum each year and direct the cash towards a 529 college savings account every year for 18 years, the total rewards accumulated could exceed $26,000, without even factoring in potential compound annual growth.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Kim Fitzsimmons, U.S. Market President for Chase Merchant Services.
London-based SafeCharge has acquired 3V Transaction Services for €14.5 million. 3V will become the foundation of SafeCharge’s card issuing activities through its new Issuing Division.
CardWeb.com’s CardPixes database of more than 7,000 images today features the IBK Smart Green Check Card.
Bluefin Payment Systems and 3Delta Systems (3DSI) have teamed to provide Bluefin’s Decryptx PCI-validated Point-to-Point Encryption (P2PE) Solution to 3DSI clients.