Total new bank-issued card credit originated year-to-date in September was $183.9 billion, a six-year high and an increase of 25.9% from same time a year ago. The total number of new cards issued year-to-date in that same time was 37.7 million, also a six-year high and an increase of 20.1%.
A new innovative security measure can confirm the identity of any person or object, including debit and credit cards, even if essential information (like the complete structure of the card) has been stolen. It uses the unique quantum properties of light to create a secure question-and-answer (Q&A) exchange that cannot be “spoofed” or copied.
The total value of transactions conducted via mobile handsets and tablets will reach US$1.8 trillion by the end of 2014. These trends have led to the development of numerous solutions and technologies that address the security challenges of mobile banking and payments.
Mobile bill payment use is growing rapidly among U.S. consumers, with 27 million U.S. online households now paying at least one bill from their phone, up nearly 70% over 2013. However, new research shows they use an average of three different payment methods each month.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Jacqui Segura, Vice President of Merchant Solutions for UniteU.
American Express announced it is kicking off a research pilot to study consumer savings behaviors using the Serve software platform. This research pilot can help identify new ways to promote saving and explore whether certain behavioral interventions are effective in increasing consumer savings.
CardWeb.com’s CardWatch database of more than 57,000 marketing items today features the Citi ThankYou Premier Sailing magazine ad.
The provider of the first gift card offering stock, Stockpile, is partnering with Yodlee to offer two new programs.
The City of Virginia Beach has launched a new, mobile-optimized bill presentment and payment solution. Citizens can view and pay their bills online, 24/7, and receive email notifications when bills are available.
SEQR has now launched in Portugal and more than 500 stores are already signed to roll out SEQR as a payment method.
Boubyan Bank has launched its “Mini Bank” concept for the first time in Kuwait. The Mini Bank is powered by NCR Interactive Teller, which enables Boubyan’s centrally located video tellers to remotely deliver 95% of the teller services typically available at a traditional branch, across expanded hours and location.
College credit card agreements are down 70% since Congress passed new disclosure requirements in 2009. In recent years, there has been a steady decrease in both the number of college credit card agreements and open accounts.