U.S. revolving consumer credit outstanding headed south in January declining 1.6% to $887.9 billion, following an 8.4% YOY gain in the holiday shopping-fueled month of December.
Gross dollar volume (GDV) for licensees of Discover-owned Diners Club International rose 2% year-on-year (YOY) in the final quarter of 2014. Diners GDV ranged between $6.5 billion and $6.9 billion during 2014.
Global Gross Dollar Volume (GDV) for the four largest U.S.-based payment networks grew 4.5% last year to $3381 billion in Q4/14. Forecaster RAM Research projects global GDV, on a nominal dollar basis, will decline to $3195 billion in Q1/15.
Tel Aviv-based BioCatch has launched a “New Account Fraud Detection” solution which uses behavioral biometrics to detect, in real- time, when fraudsters use stolen /synthetic personal information to create a new account.
Stockholm-based Seamless announced users of the mobile payment solution SEQR will get a cashback reward of up to three percent on all purchases. Seamless says there are no fees or strings attached and it can also be connected straight to a bank account.
The PowaPOS T25 tablet POS platform and retailcloud’s Zero POS software have bundled a full-featured POS platform for retailers, all with no monthly software fee. The Zero POS solution is targeted towards small to mid-sized retailers looking for a fully customizable POS software with a different financial model.
Etihad Airways has teamed with Abu Dhabi Islamic Bank (ADIB), to launch of the new Etihad Guest card with walletplus, a reloadable multi-currency prepaid Visa account feature that lets travelers earn Etihad Guest Miles as they shop at Visa merchants worldwide, with the ability to choose from 11 currency options to lock-in rates before travel.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Abdul Rahman Turki, General Manager of Retail Banking of Bahrain Islamic Bank.
The days of reselling third-party payment gateway services or referring merchants to payment gateways are over. IL-based NMI announced the expansion of its payments enablement platform for the Value Added Reseller (VAR) and Independent Software Vendor (ISV) markets.
Chicago-based Raise has ankled Don Kingsborough for its Board Directors. In 2001, Kingsborough founded Blackhawk Network and worked most recently at PayPal.
NY-based TransFirst and MWRC Internet Sales have teamed to integrate TransFirst payment card processing services with MWRC’s ExoVend System.
In the CardFlash News Que: CPI CARD GROUP; SYNCHRONY FINANCIAL; VSOFT; MOBILE STRATEGY PARTNERS: INSIDE SECURE; and MILBERG.