The average U.S. 30+ day delinquency rate among the nation’s four largest issuers declined 11 basis points (bps) sequentially, to a record low of 1.96% for the first quarter, compared to 2.07% in the prior quarter and 2.16% one-year ago. The top 100 U.S. banks posted a 27 bps decline from 1Q/14.
Over the past two years mobile transactions at Starbucks have doubled from 4 million transactions per week in Q1/13 to 8 million transactions in Q1/15. The number of mobile transactions has significantly soared since the second quarter of 2014 and set to soar higher as Mobile Order & Pay expands this year.
China UnionPay has inked a deal with Simon Malls to provide its cardholders with exclusive privileges in four Premium Outlets in New York, Los Angeles, San Francisco, and Las Vegas starting today.
Grenoble-based Tiempo Secure is teaming with Seoul-based Secure Platforms Technology (SP-Tek) to market smart card chips equipped with the JavaCard OS. Their combined offer is targeting smart card manufacturers in the Americas, who are supporting the current migration from magnetic stripe to EMV smart cards.
Online retail sales in the US are expected to hit $480 billion by 2019 growing by compound annual growth rate (CAGR) of 10%. Categories once trailing behind in online sales, like furniture and auto parts, will likely have compound annual growth rates of 15% and 11%, respectively,
The FreedomPay Commerce Platform has approved more devices for its PCI Validated P2PE solution with EMV and NFC ready payment terminals. Ingenico join devices from Oracle|MICROS, Agilysys, Revel Systems, Digital Dining, and Nextep Systems.
Moderate percentage point gains in consumer smartwatch adoption can be expected over the next year if the Apple Watch follows historical patterns. It has been widely estimated Apple will ship 15 million Apple Watch devices its first year on the market.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Carl J. Williams, Chairman, President and Chief Executive Officer of Planet Payment.
POS Stratus, a specialist in POS software for retailers, is integrating with the PowaPOS retail payments platform. The partnership between these two companies will accelerate availability of advanced, tablet-based POS solutions for retail companies in its home market of Spain as well as across Europe.
Türk Ekonomi Bankası (TEB) has launched a new digital banking service, CEPTETEB (Turkish for “TEB in your pocket”). The new TEB mobile banking service was designed and developed by Monitise.
The Ingenico Companion Mobile Payment (iCMP) MPOS, a turnkey mobile point-of-sale solution offering full debit and credit EMV and contactless payment acceptance to Canadian merchants is now available via Global Payments.
CardWeb.com’s CardConferences today features the mPOS WORLD CONFERENCE, June 30-July 1, 2015 in Frankfurt, Germany.