The average charge-off ratio among the nation’s four largest issuers declined 37 basis points (bps) year-on-year (Y/Y) to 2.97% in the fourth quarter (Q4/14). The top 100 U.S. banks posted a 34 bps decline last year, also to 2.97%.
MasterCard’s European region Gross Dollar Volume (GDV) rose year-on-year (Y/Y) 16.2%, on a local currency basis, in the fourth quarter (Q4/14). Growth in the region has been growing steadily and will likely remain so through 2015.
Purchase transactions (PTX) for Visa and MasterCard credit and debit cards in the U.S. grew by 8.1% year-on-year (Y/Y) in the fourth quarter. Purchase transactions volume will likely hit 17.16 billion in the first quarter, according to forecaster RAM Research.
A new partnership will produce advanced, tablet-based POS solutions for retail companies in Scandinavia. Powa Technologies will integrate Wallmob, Scandinavian-based POS software for retailers, with its retail payments platform.
While admitting there were “particularly sophisticated intrusions” of its networks in 2010 and 2011 by the NSA, Gemalto says the hacks never got near its SIM encryption keys. The Company also refuted many of facts listed in the February 19th website news story that set off the investigation.
AZ-based Electronic Commerce International has partnered with Xero to connect merchant’s credit card processing to Xero and promote, sell and train merchants on Xero accounting software’s various capabilities.
SEKUR.me has integrated Apple Touch ID and Samsung fingerprint recognition feature into its SEKUR.me patented mobile online payment app. It’s akin to Apple Pay (if that service were available for online payments).
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Jelena Ewart, General Manager – Credit & Banking of NerdWallet.
The first app to protect consumers using facial recognition for identity authentication during account setup is a reality from a partnership between Sionic Mobile and AuthenticID.
Columbus Data Services (CDS) has certified Wincor Nixdorf’s cash dispenser technology, the ProCash 280. CDS provides ATM services for more than 87,000 terminals nationwide and is one of the nation’s largest ATM processors.
NY-based Regalii has expanded its remote bill pay platform to India. Regalii was the first company providing a mobile cross-border payment between US and Latin America.
Mobile payments technology and processing company, Calpian, reported revenues rose 7% sequentially. Domestic revenues declined 5%from the prior quarter, but India revenues climbed 11%.