While the Chase credit card portfolio has consistently posted robust purchase dollar volume (PDV), outstandings declined between 2009 and 2013, with a compound annual growth rate (CAGR) of -1.24%, according to CardData. However, Chase turned the corner last year with a 2.5% year-on-year (YOY) gain.
Visa Europe (VE) says point-of-sale (POS) euro volume jumped 8.7% in 2014, to a record €1.4 trillion. With the current trajectory
VE will likely, in 2015, capture more than €1 in €6 of everyday consumer spending across Europe.
American Express global Purchase Dollar Volume (PDV) is growing 5.9% annually, compared to an average of 6.7% for its peer group: the four top U.S.-based networks. RAM Research forecasts Q1 global PDV will slightly exceed $253 billion.
GE Capital has unloaded its Australia and New Zealand consumer lending business for A$8.2 billion (US$6.3 billion). Värde Partners, KKR and Deutsche Bank are the proud new owners of the GE portolio.
The first China UnionPay card has been issued in Lebanon by
Fransabank. The deal supports the implementation of the “One Belt One Road” strategy.
Visa has embarked on a 20-city tour to educate small businesses and consumers EMV. Visa is also hosting webinars and recently launched an online toolkit to help U.S. businesses make the EMV transition.
Beijing-based payments service provider YeePay has picked up Boston-based TA Associates as a new investor. YeePay processed US$77 billion of transactions last year, double the prior year.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Diane Jackson, VP of Business Development and Strategic Marketing of CPI.
Mexico’s largest electronic payments processor has implemented NCR’s Authentic from Alaric as its new payments transactions platform. E-Global provides switching and card processing services to nearly two-thirds of Mexico’s 350,000 point-of-sale (POS) devices.
Synchrony Financial’s CareCredit card has gone digital, enabling mobile payment functionality for all CareCredit cardholders and providers. The CareCredit card has 9 million cardholders that connects 186,000 healthcare providers.
CardWeb.com’s CardWatch database of more than 57,000 marketing items today features the ANZ’s Bank ‘The Story’ – Sydney Mardi Gras 2014 Highlights TV ad.
OH-based Diebold has acquired Ontario-based ATM software developer Phoenix Interactive Design. Phoenix’s FI clients include TD Canada Trust, National Australia Bank Group and Fifth Third Bank.