American Express continues to lose U.S. marketshare to Visa (VS) and MasterCard (MC) in the fourth quarter, with MC doing the most damage gaining 80 basis points (bps). Discover continues to maintain its 2.5% marketshare in U.S. Gross Dollar Volume (GDV).
Purchase Dollar Volume (PDV) in Canada for Visa and MasterCards rose 4.4% on a U.S. dollar basis in the fourth quarter (Q4/14) but weakened by a very strong dollar. Nevertheless, all is good and strong north of the U.S. border.
Hard to believe, or not so – the Brits (not early adopters) are slowly coming up to mobile payments. More than 71% of respondents in a new survey believed mobile payments to be the least secure payment method.
Orlando-based Funds2Orgs is reinventing crowdfunding with the launch of “Shoe Funding.” On Funds2Orgs’s new website www.shoefunding.com entrepreneurs and others hoping to raise funds for a special endeavor can earn money by collecting new and gently used shoes.
Bank of Canada sent shock waves last night when it decided to cut overnight rates to 75 basis points (bps). This may have impact on Canadian credit card ABS.
Computer Services has enhanced its WatchDOG watch list screening applications to align with recently released regulations from the Office of Foreign Assets Control (OFAC) that target the Crimea region in Ukraine.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Sam Esfahani SVP, Chief Information Officer of PSCU.
Atlanta-based Axiologix has completed definitive agreements to acquire International Money Management. IMM markets a U.S. issued prepaid debit card that is uniquely affiliated with a distinctly independent foreign bank debit card, allowing money to be transferred to the foreign country via a “person-to-person” conveyance.
DHgate, a major e-commerce marketplace focused on cross-border trade of Chinese goods, announced it has launched a new service for Shopify members, enabling over 140,000 entrepreneurs and small-to-medium businesses (SMBs) in more than 150 countries with access to Chinese manufacturers and suppliers.
Half of mobile internet users have used a mobile device to make a major financial purchase, such as getting a mortgage, buying a car or investing in stocks. Consumers most likely to have made a large transaction on their mobile device were between the ages of 30 and 49 (58% have done so).
The international web hosting service provider Host1Plus has announced a partnership with Coinzone for Bitcoin payment integration, big news.
CardWeb.com’s CardWatch database of more than 57,000 marketing items today features the Discover “FICO Twins” television ad.