While Visa continues to control 70% of the U.S. general purpose debit card market, MasterCard is outpacing Visa in year-on-year (YOY) growth, based on gross dollar volume (GDV), according to CardData. Forecaster RAM Research expects the U.S. V+M market to reach $2575 billion for 2015.
American Express U.S. credit card outstandings are growing by 7.3% year-on-year (YOY) and likely to top $67 billion in the fourth quarter. U.S. Card Services reported first-quarter net income of $934 million, up 7% from $876 million a year ago, according to CardData
The highest-status JCB card designed for the affluent market in Taiwan, by a leading bank Hua Nan Bank, is here. The first JCB Eternity card offers, among other benefits, free airport limousine to and from international airports in Taiwan.
MasterCard continues to outpace Visa in the Latin America Caribbean (LAC) region in year-on-year (YOY) growth in gross dollar volume (GDV), on a local currency basis. According to CardData, MasterCard’s LAC YOY GDV growth has consistently exceeded Visa’s growth for the prior seven quarters.
Sionic Mobile launched its all-new ION Rewards app v4.0 for consumers, free in both App Store and Play. The latest release introduces new features and functionality including an interactive user interface, simple, yet secure two-tap checkout process and instant, real-time rewards for every purchase completed using the app.
Jewelry Exchange, a direct diamond importer with 16 U.S. locations, has re-inked its private label credit card financing program with Synchrony Financial.
TouchSuite Firefly Salon POS now enables users to simply program appointment reminders to send to clients at a preselected time frame prior to their scheduled appointment for 10 cents per text.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Balendran Thavarajah, Chief Texhnology Officer, Bluedot.
Only 39% of students correctly know that paying off a delinquent loan or credit card balance is not enough to remove it from a credit report. Sixty percent believe using checks and debit cards can help build credit.
Silicon Valley Shmoop, a digital publisher known for its award-winning Test Prep and certified Online Courses, has released free guides to financial literacy and they are on a roll.
Using a prepaid card is like paying with cash, offering the consumer no ability to establish a credit history. In fact, many prepaid cards lack security features. While the CFPB hopes to regulate better transparency about what prepaid card issuers do and don’t cover, currently these cards fall into a “buyer beware” category.
CardWeb.com’s CardWatch database of more than 57,000 marketing items today features the Bank of America Apple Pay TV Spot.