Consumer holiday spending drove total credit card debt to its highest level in nearly five years, hitting $642 billion in December, a 6% gain over the prior year.
Mobile commerce is growing at nearly three times the rate of overall e-commerce. The compound annual growth rate (CAGR) is projected to jump from to 42% in 2016.
A new report projects the global installed base of NFC-ready POS terminals will grow at a compound annual growth rate (CAGR) of 28.4 percent from 21.4 million units in 2014 to 74.9 million units in 2019.
In the fourth quarter tap transactions in Europe grew by 174 % year on year and tappers increased their usage by more than 20%. Transit is a proven driver of contactless adoption by consumers.
Home care agencies can now easily accept electronic payments, such as credit cards, and radically streamline their invoicing and payment processes via one powerful, cost effective, and easy-to-use system.
The BBVA Compass NBA American Express Card is coming. The new card will be the first credit card bearing the global NBA brand when it launches.
The MasterCard Multi-currency Cash Passport mobile app has been launched in South Africa. The free app allows users to easily transfer money between purses, review transactions, and track their spending on their phone.
UK-based Monitise reported an adjusted loss after tax of £38.5 million for the second half of 2014, compared to a loss of £16.4 million for the first half. The Company is currently considering strategic alternatives.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Dr. Stuart C. Wells, Executive Vice President, Chief Product and Technology Officer of FICO.
CardWeb.com’s CardWatch database of more than 57,000 marketing items today features the Capital One “Zero to Card in 60 Seconds” online ad.
The UAE’s leading telecoms company, is harnessing mobile NFC solution for corporate access control from Gemalto.The solution enables Etisalat’s management to securely access its head office and facilities with a single tap of a mobile phone on a contactless reader.
Virtual Piggy a provider of innovative safe youth payments technology, has selected Los Angeles-based technology public relations firm PMBC Group as its strategic public relations partner.