The payments cards industry profitability has been in the dumper since 2009, but is slowing crawling its way out over the past six years. Payment investment banker and guru R.K. Hammer says this year credit card ROA’s could top 4%.
U.S. Visa (VS) and MasterCard (MC) credit card U.S. Gross Dollar Volume (GDV) hit $507 billion in the fourth quarter. For the fourth quarter VS and MC domestic credit card GDV grew 15.5%, strongly driven by Visa.
After hunkering down, Millennials will make 2015 a year of major purchases and life experiences new research shows. The country’s 80 million Millennials say they will be wielding their wallets in the months to come a “swan song” for retailers.
Synchrony landed a multi-year renewal of its private label credit card program with Rooms To Go. The program was first launched in 2002.
MasterCard is set to kick-off the AngelHack next week in Sydney, Australia. MasterCard: Masters of Code will be the first of ten stops for MasterCard in the Series, taking place in ten of the most prominent tech cities around the globe.
A new survey shows 68% of participating firms offer residents the option to pay their rent or HOA dues online. An increasing preference among Americans to manage bills online, combined with more cost-effective, easier to implement payment solutions are believed to be fueling the growth.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Francisco D’Souza, Chief Executive Officer of Cognizant.
Montreal-based TruCash DCR Strategies has landed an award for the most exciting mobile apps for enabling prepaid payments/transactions or providing financial-related information.
MasterCard’s MasterPass is set to take-off in the U.S. this year. Several major merchants have committed to enable MasterPass to provide seamless, safe and secure online shopping experiences for their customers.
Visa named a NBCUniversal Media executive as its new Executive Vice President and Chief Financial Officer. Vasant Prabhu takes over on February 9.
Banco do Estado do Rio Grande do Sul (Banrisul) has deployed Gemalto’s Ezio Multi-Channel Authentication Solution to secure its expanding mBanking services.
Velcro Pay expanded on their Free Apple Pay POS Machine program this week by packaging the POS machine with an innovative small business marketing suite for qualified businesses.