The decline in the U.S. bank credit card delinquency ratio will likely remain flat in the fourth quarter and then reverse course for all of 2015. On a weighted basis 30+ day delinquency will should come in around 2.29%, while the unweighted ratio should edge up slightly to 2.17% for the fourth quarter.
Bank credit card charge-offs, among the Top 100 U.S. banks, continue to decline in the third quarter to 3.01%. The ratio is the lowest since the third quarter of 1985. The ratio is down 31 basis points (bps) from one year ago, down 87 bps from two years ago and down a stunning 736 bps from five years ago.
Colombian payment cards (including debit and credit cards) logged a compound annual growth rate (CAGR) of 8.05% since 2009 and increasing from 22.6 million in 2009 to 33.2 million cards-in-force (CIF) in 2014. In 2013, the average transaction value (ATV) in Colombia was US$121, which was the second-highest in the Latin-American region.
LoopPay has ankled two new OEM partners that will embed its technology into their products to let consumers turn their smartphones into mobile wallets. LoopPay is also working with chipmakers to embed LoopPay’s technology and security into silicon, making it easier for future OEM partners to incorporate LoopPay into their devices.
The makers of iWallet introduced the iPassport which integrates a biometric touch sensor for identity verification. The iPassport has
ample room for essential travel documents and up to four credit cards.
Bluefin’s PayConex PCI-validated Point-to-Point Encryption (P2PE) Solution is now certified for Mobile Payments.The Bluefin solution becomes the first North American mobile solution to receive PCI validation.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Jeff Coppolo, Senior Vice President, Business Development for BlueSnap.
Cynovo’s Kivvi series products have been certified by China UnionPay and EMVCo. for MSR, EMV, and NFC functions. The Company provides Android-based mobile payment and POS hardware systems, along with the online payment gateway platform that connects to backend secure clouds.
MN-based Entrust Datacard announced the availability of the Datacard EMV Personalization Validation software that is designed to validate the chip of every EMV card issued on a Datacard MX Series card issuance system.
Security Validation has joined the PCI Security Standards Council as a new Participating Organization. Security Validation is a data security and data privacy advisory firm focused on improving the security posture of hotels across North America.
Wincor Nixdorf is offering updates to its TP.net 5.5 retail application software suite. The TP.net retail application software suite is currently used by retailers in more than 70 countries.
One week from today, the fourth quarter earnings reports season opens with Chase the first out of the shoot. Chase will release Jan 14, before the market open.