Visa and MasterCard U.S. credit card gross dollar volume (GDV) will likely post a smaller year-on-year (YOY) gain in the third quarter (3Q/15) of around 9.5%, compared to 9.9% for the prior quarter according to RAM Research.
The average U.S. 90+ day delinquency rate among the nation’s four largest issuers will likely rise 2 basis points (bps) to 0.94% for the third quarter according to RAM Research. 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, according to CardData.
London-based GoSend, a new international shopping and shipping service, has launched in the UK. Based in one of five tax-free U.S. states, Delaware, GoSend is a unique subscription service offering members a ‘virtual locker’, giving them a U.S. address to reduce shipping fees from U.S. retailers and extend bulk discounts to ship for less anywhere in the world.
German-based Wincor Nixdorf has acquired Brink’s CiT operations in the Netherlands,expanding its cash management capacities in the Netherlands. As a result of the acquisition, the new Rotterdam-based SecurCash will also profit from synergies from the business with banks and retail companies.
Barclaycard US has kicked off a special game and sweepstakes promotion where fans have the opportunity to win a trip for two to Super Bowl 50 in the San Francisco Bay Area, as well as once-in-a-lifetime experiences, regular season game tickets, NFL merchandise, and much more.
NY-based CardFlight, a specialist in mobile point of sale (POS) technology, has corralled $4.2 million in Series A funding. The financing will enable CardFlight to continue to grow its engineering team and accelerate the rollout of their EMV-approved mobile payment acceptance solutions in the U.S.
FL-based ZipLine, a provider of mobile and card-based merchant branded payment (ACH) solutions, recently gained industry accolades for its cutting-edge mobile payments technology. ZipLine’s ‘mPay’ mobile solutions platform is a low-cost payment program built on the existing architecture used for merchant branded debit cards.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Matt Cole, President, Cubic Transportation Systems and Senior Vice President, Cubic Corporation.
CardWeb.com’s CardData database of Company Profiles today features Merchant Link.
CardWeb.com’s CardWatch database of more than 57,000 marketing items today features the CardWeb.com’s Australia’s ANZ Bank’s “Think Tank” TV Spot.
CardWeb.com’s CardData Reports today features the “2015 European Contactless Card Payments Landscape” report from
Mercator Advisory Group.
The chorus to discard signatures for EMV and go to PIN transactions is growing. FBI that new chip-based credit cards are safer than traditional cards but still vulnerable to fraud and need to be used with a PIN instead of a signature to minimize risk.