Discover’s U.S. end-of-period (EOP) credit card loans grew 5.5% year-on-year (YOY) and continues to outpace the top Visa and MasterCard issuers. Since 2009, Discover has experienced sequential growth at a compound annual growth rate (CAGR) of 5.5%, exceeded only by Capital One among the top ten issuers.
MasterCard’s Europe region remains the most robust international region with a 42.1% share of international Gross Dollar Volume (GDV) in Q4/14. Europe is growing GDV (on a local currency basis) at 16.2% year-on-year (YOY), followed only by the Latin America Caribbean (LAC) region at 16.0% in the fourth quarter.
A new study reveals if a consumers’ primary bank were to install more ATMs and self-service kiosks for no-envelope deposits, more consumers indicate they would be inclined to use the self-service method (36%) than would still only use the teller (30%).
Chuck Fagan is returning to PSCU after a two-year stint at
the Credit Union Executive Society (CUES). Acting CEO Tom Gandre will return to his role as Executive Vice President and Chief Operating Officer on April 27 when Fagan takes the reins.
MasterCard has tapped Brian Lang as the new President of its Canadian operations, effective May 1st. Lang was most recently the head of business development for MasterCard in the Middle East and Africa.
Luxembourg’s payment cards (including debit and credit cards) grew at a significant compound annual growth rate (CAGR) of 23.14%, between 2009 and 2014. In terms of transaction value, payment cards produced EUR10.2 billion (US$13.5 billion) in 2013, registering a CAGR of 10.60%, during the same period.
NJ-based TD Bank has introduced a new general purpose reloadable Visa bank card. The launch marks the bank’s second reloadable prepaid card. TD has 8 million U.S. customers.
A new payments wearable is in the works. Ontario-based Everlink Payment Services announced it has completed a proof of concept market trial for DebitWear.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Vicki Lawrence, Chief Operating Officer of Linqto.
When it comes to the best customer experience in the credit card industry, USAA took the top spot for the fifth straight year. Furthermore, USAA also ranked 13th overall out of 293 companies across 20 industries.
Munich-based Wirecard has taken over the acquiring customer portfolio from Lufthansa AirPlus Servicekarten. Airplus is Germany’s top provider of payment and settlement solutions for business travel.
In today’s CardFlash News Que: WEX (Australia NMC); Acculynk (CNP EMV/NFC); ProfitStars (PayNearMe); and NCRA (ScoreWise).