Gross or open accounts (GAC) for U.S. credit cards among the nation’s four largest issuers climbed 2.0% in the second quarter to 187.4 million, compared to 183.7 million one-year ago. The growth is driven by Capital One, while Chase, Bank of America (BofA) and Citibank face year-on-year (YOY) and quarter-to-quarter (QOQ) GAC erosion. However, BofA posted a slight YOY gain.
U.S. bank credit card active accounts (accounts with sales activity), among the top six U.S. issuers, grew 1.4% year-on-year (YOY) and flat quarter-to-quarter (QOQ) in the second quarter. This comes despite the slight erosion in gross accounts by Bank of America and Citibank.
MasterCard has ankled Nandan Mer, who is currently Group Executive of Loyalty Solutions, based in London, to the role of Division President for Japan. The appointment will be effective as of September 1st.
Gemalto has been selected by the Debit Network Alliance (DNA), a consortium of leading U.S. debit network providers, to deliver EMV consulting services. Gemalto’s EMV Allynis Consulting Services are designed to accelerate the deployment of EMV, significantly reducing time between DNA’s business plan and go-to-market. Gemalto’s consultants recommended and executed a strategy that details card, terminal and personalization requirements.
Green Dot announced a new cash processing technology enabling customers to securely and conveniently add cash to their accounts at participating retailers using their mobile device. This service leverages Green Dot’s new mobile and web-enabled barcode generation system and thousands of Green Dot retail locations to provide a new cash-loading option.
The ATM Industry Association (ATMIA) has released a new research paper, “U.S. Mobile Payments: Do They Disrupt Cash?” which examines the impact of mobile payments on the growth of cash. Despite all the attention it receives, mobile payments still account for only a very small fraction of retail in-store payments.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Sandra Green, Head of Sales, EMEA, of Alpha Payment Systems.
Retailer loyalty programs are not only increasingly digital in nature but also increasingly take any kind of payment”not just private label card payments. The multi-tender loyalty program trend to continue in force, with strong continued uptake over the next two to three years.
CardWeb.com’s CardData database of Company Profiles today features Perks.com.
Square Instant Deposit is now available to all Square sellers in the United States. With a tap of a button in the Square app, the money from your sale goes straight to your account ” 24 hours a day, seven days a week.
CardWeb.com’s CardWatch database of more than 57,000 marketing items today features the Visa Check Card TV spot “Juggling” from 2007.
TSYS has ankled Patricia A. Watson, a 17-year veteran of the financial services industry, as senior executive vice president and chief information officer (CIO) effective September 14.