Visa and MasterCard U.S. credit card gross dollar volume (GDV) remained a solid 9.9% year-on-year (YOY) gain in the second quarter (2Q/15). U.S. debit card GDV edged up 6.2% YOY. Visa leads the credit card segment and MasterCard leads the U.S. debit card vertical in YOY gains, according to CardData.
The average U.S. 90+ day delinquency rate among the nation’s four largest issuers declined 9 basis points (bps) sequentially, to a record low of 0.92% for the second quarter, compared to 1.01% in the prior quarter and 1.00% one-year ago.
TX-based Pivotal Payments has been accepted as a Principal Member of UnionPay International, a subsidiary of China UnionPay, the largest card issuer in the world. The partnership offers Pivotal’s merchants more payment options with the ability to target the world’s biggest online retail markets and the fastest growing payment scheme globally.
Toronto-based GoldMoney, f/k/a BitGold, which operates a self-directed savings platform and a payments network allowing individuals and businesses to make or receive online, in-store or mobile payments, continues to soar with 168,000 users at the end of July.
PayPal has ankled John Rainey as its new Chief Financial Officer, effective August 24, 2015. Rainey joins PayPal from United Continental Holdings, where he was Executive Vice President and CFO at United Airlines.
American Banknote in partnership with Above Mobile has rolled-out the first complete wallet application for Android users, with the addition of ABnote’s secure mobile payments platform to PassWallet.
Flint Mobile, a mobile payment service that allows small businesses, freelancers and non-profits to get paid by credit card through a free mobile app that requires no external card reader, has added enhancements to its iOS app that leverage Apple’s expanding digital wallet ecosystem.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Irene Chan, Director of Products at Bindo POS.
Green Dot continues on a roll with gross dollar volume soaring by 10.9% year-on-year (YOY).Total operating revenues on a generally accepted accounting principles (GAAP) basis increased 16% to $170.2 million for the second quarter of 2015 from $147.0 million for the second quarter of 2014
CardWeb.com’s CardWatch database of more than 57,000 marketing items today features the VISA “In Japan without a Yen” TV spot.
CardWeb.com’s CardData database of Company Profiles today features SegPay.
Bankrate reports unique visitors to its flagship CreditCards.com site increased 16% year-over-year. In April 2015 CreditCards.com redesigned its website and incorporated mobile responsive design features. During Q2 2015, total mobile device card approvals increased by 20% compared to Q1 2015.