The number of open U.S. credit card accounts among the top four issuers was essentially flat for all of 2014, rising 0.6% year-on-year (Y/Y), but declining 0.6% quarter-to-quarter (Q/Q). While the top two issuers lost ground last year, Capital One is the only issuer with real account growth.
The number of Visa and MasterCard credit and debit cards-in-force (CIF) in the U.S. grew by 8.0% year-on-year (Y/Y) in the fourth quarter. The CIF will likely hit 1144 million in the first quarter, according to forecaster RAM Research.
MasterCard’s LAC (Latin America and Carribbean) region Gross Dollar Volume (GDV) rose year-on-year (Y/Y) 16.0%, on a local currency basis, in the fourth quarter (Q4/14). Growth in the region has been relatively weak and will likely remain so through 2015.
Credit card lending among credit unions reached an all-time high in 2014, now claiming a 5.3% share of the U.S. card market, based on outstandings.
Equifax has opened up its treasure trove of consumer credit statistics drawn from its consumer credit database of more than 210 million consumers. Investors will now have access to a special subset of data from the company’s National Consumer Credit Trends Report.
Paris-based INSIDE Secure reported an 11% decline in year-on-year (Y/Y) revenues. However, the Company expects revenue to take-off in the second half of 2015, with limited predictability quarter to quarter.
Austin, TX-based First American Payment Systems has partnered with London-based Nobly POS to provide an integrated payment processing solution on the Nobly POS platform.
Detroit-based International Bancard has ankled Kimberly Tippin as its Vice President of Operations. Tippin brings 20 years of experience to the company’s client service team.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Talbott Roche, President of the Blackhawk Network.
Detroit-based International Bancard has ankled Joshua Dean as its Chief Marketing Officer. Dean brings 15 years of business, technology, and executive experience to the Company.
Following its acquisition last year of Aconite Technology, London-based Proxama is looking to take NFC to a new level in 2015. The Digital Payments Division will be led by the team from Aconite and will enable card issuers and financial institutions to implement services such as tokenization and mobile NFC.
American Express is beefing-up its Premier Rewards Gold Card with 2x Membership Rewards points for purchases at U.S. restaurants, a $100 airline fee credit for incidental charges such as baggage fees, and a personalized travel service.