The 30+ day delinquency ratio continues to hover at a 25+ year low and charge-offs for the past two quarters hit the lowest level since 1986. However, both metrics may be headed higher this year as Q3 and Q4 metrics among the biggest issuers uptick.
On a non-currency adjusted basis, Purchase Dollar Volume (PDV) in the Latin America Caribbean (LAC) region for Visa and MasterCard payment cards rose 1.8% Year-on-Year (YOY) in Q4. However, on an adjusted currency basis Visa was up 15.2% YOY and MasterCard grew 22.2% YOY in Q4/14 in the LAC region.
Visa and MasterCard credit, debit and prepaid cards around the world will likely top 3.9 billion or up 4.5% in the first quarter according to forecaster RAM Research. Visa will end the quarter with about 2411 million and MasterCard with 1488 million cards-in-force (CIF).
The global business-to-consumer (B2C) e-commerce and online payment market will begin to slow this year, nonetheless B2C e-commerce worldwide is expected to top a trillion euros by 2018. Asia-Pacific region is forecasted to be the fastest growing B2C E-Commerce market worldwide.
Hackers hit pay dirt with the recent credit card system breach of upscale hospitality chain Mandarin Oriental Hotel Group. Considering the hotel’s wealthy clientele, many of hacked cards have very high or no credit limits.
The CFPB’s Arbitration Study, released this week, found nearly 75% of consumers surveyed were unaware whether the contracts they signed included an arbitration clause. Of the consumers surveyed, fewer than 7% actually understood that an arbitration clause would preclude them from suing the company.
Discover Financial Service (DFS) and Global Payments (GPN) have buddied to streamline acceptance of Discover cards for merchants in Canada. The new, comprehensive solution will offer a single statement.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Eric Marks, Managing Director of Auriemma Consulting Group.
MasterCard is hosting a contest for entrepreneurs’ best Priceless Elevator Pitch for a chance to win $15,000. The promotion is part of the annual Mashable House held in conjunction with
the annual SXSW Interactive in Austin.
In today’s CardFlash News Que: BLUEFIN; NCR; BANKRATE; AND MYECHECK.
Tokyo-based JCB is opening the JCB Plaza Kyoto customer service center for visitors to Japan on April 1st. The new JCB Plaza Kyoto offers JCB services to support travelers such as sightseeing information, restaurant and hotel reservations, free internet browsing and daily baggage check.
A solution that can make ubiquitous mobile payments a reality for all phone users, plus makes transactions secure, convenient, easy, and affordable and it has endless possibilities in the realm of secure identification is here.