Aggregate U.S. bank credit card outstandings for the nation’s four largest issuers declined 1.4% year-on-year (Y/Y) in the fourth quarter. Growth has been essentially flat over the past two years.
MasterCard’s APMEA Gross Dollar Volume (GDV) rose 14.7% on a local currency basis to US$345 billion in Q4/14, compared to US$340 billion in Q3/14 and US$313 billion in Q4/13.
The latest part of Citi’s global Digital Acceleration is underway with the launch of Citi Mobile Challenge in Europe, the Middle East and Africa.
A new app has been launched enabling users to purchase, share, personalize and swap gift cards from a variety of merchants. The app is available through the App Store and Google Play.
The nearly two year old VantageScore 3.0 is gathering more blowback from U.S. consumers. Social media and the creditkarma website, have been overflowing with consumer complaints of credit scores dropping 60-80 points since the introduction of 3.0.
Valentine’s Day-related purchasing rose sharply in 2015. Out of the three days, the day before Valentine’s Day (Friday, Feb. 13) saw the most credit transactions – 9.3 percent more than Feb. 12 and 5.7 percent more than Feb. 14.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Balasubramanian Chandrasekhar, Chief Executive Officer of Arab Financial Services.
Helzberg Diamonds has inked a contract to implement ID Check throughout their 230 U.S. retail locations. The jeweler hopes the Intellicheck Mobilisa solution will reduce the risk of fraudulent purchases.
Performance metrics for American Express credit cards continues to be strong, both short-term and long-term. Gross yield and monthly payment rate are very solid.
CardWeb.com’s CardWatch database of more than 57,000 marketing items today features the MasterCard “Stand Up to Cancer” TV ad.
The German Banking Industry Committee (GBIC) has issued its approval for Wincor Nixdorf’s hardware and software solution for girocard transaction processing, which the company can now offer on the German market for the processing of cashless payment transactions.
NY-based Apple Bank has decided to deploy self service business banking, mobile and bill pay offerings from FL-based ACI.