Total U.S. consumer debt hit $9.99 trillion in the first quarter, down 1.1% from Q1/14. While credit card debt remains robust, the slight year-on-year (YOY) decline is driven by a contraction in first and second mortgage debt.
Baltimore-based E-Complish is introducing Text2Pay to its popular DirectPay Interactive Voice Response (IVR) solution.The integration will seamlessly merge the verbal telephone payment process with the text message payment process.
The Payments Security Task Force is joining hands with the PCI Security Standards Council and the EMV Migration Forum to launch an EMV program to streamline the testing and certification process for Value Added Resellers (VARs) and Independent Software Vendors (ISVs).
Naples, FL-based ACI Worldwide total revenues rose 5.1% in the first quarter to $232.8 million. The figure was sharply lower than the fourth quarter’s $290.2 million.
MasterCard (MC) U.S. credit + debit purchase dollar volume (PDV) rose 7.1% year-on-year (YOY) in Q1, driven by an 8.1% YOY gain in U.S. debit cards. However, MasterCard’s YOY gains in both U.S. card products has been slowing over the past year.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Donald Boeding, Merchant Services President of Vantiv.
Cards-in-Force (CIF) for Visa, MasterCard, American Express, Discover, JCB and UnionPay is expected to approach seven billion by end-of-year (EOY) 2019. According to forecaster RAM Research, CIF for the global debit card industry is growing at a CAGR of 8.88%.
CardWeb.com’s CardWatch database of more than 57,000 marketing items today features the money.co.uk “Spin” TV commercial.
Davie, FL-based Bankers Healthcare Group has unveiled a credit card designed for and exclusively available to healthcare providers. The new BHG Power MasterCard comes in a line of six different credit cards.
CardWeb.com’s CardData database of Company Profiles today features Alibaba.
The second class of the FinTech Innovation Lab Asia-Pacific
Accenture is open through May 31. The 12-week program helps early- and growth-stage financial technology innovators accelerate product development and gain exposure to top-level financial industry executives.
In today’s CardFlash News Que: ZIFTR (ziftrpay); POWA (GoNet); STRATOS (card); and HYPRIS (billing).