BofA Out FC

While the nation’s second largest Visa and MasterCard has been experiencing slight erosion in credit card outstandings year-on-year (YOY), and sluggish growth in purchase dollar volume (PDV), credit card issuance for Bank of America (BofA) remains strong, according to CardData. Forecaster RAM Research expects credit card outstandings to be $89.1 billion for Q2, a slight gain YOY.

BitGold Q2/15

Toronto-based BitGold is off to the races posting astronomical growth in the second quarter, doubling its number of users in one month. As of June 30th there were 62,629 users. The Company, which offers digital payments and secure savings, doubled also doubled its gold vault value between June 5 and June 30 to C$2,993, 400.

PayPal + Xoom

PayPal is picking up Xoom for $890 million. Xoom is a specialist in international remittances enabling customers in the US to send money to, and pay bills for, family and friends around the world in a secure, fast and cost-effective way, using their mobile phones, tablets or computers.