Citibank North America branded credit card profits declined 16% and Citi retai North America branded card base shrank 1.0% YOY in Q2/15. However, credit quality improved as delinquency and charge-offs declined.
U.S. Bank (USB), one of the nation’s largest commercial card issuers, posted a paltry 0.6% gain in year-on-year (YOY) outstandings and a weak 3.2% gain in consumer and commercial purchase dollar volume (PDV) for the third quarter.
Wirecard’s Checkout Portal has been launched in Eastern Europe and will be offering payment solutions in combination with Google services. In a first step, the product was launched in Poland, for which Wirecard was able to involve Google’s Premier SMB Partner Verseo.
Telkomsel Indonesia the largest mobile network operator (MNO) in South East Asia has hooked up with Verifone Mobile Money and Finnet Indonesia to introduce TCash Tap to merchants across Indonesia, allowing Telkomsel’s more than 140 million subscribers to tap and pay using their mobile device.
New stunning research shows the average estimated price for stolen credit and debit cards: $5 to $30 in the United States; $20 to $35 in the United Kingdom; $20 to $40 in Canada; $21 to $40 in Australia; and $25 to $45 in the European Union. Also, bank login credentials for a $2,200 balance bank account selling for $190.
Merchant Customer Exchange (MCX) reports the company’s mobile payment platform, CurrentC, is now available for use at participating Kmart, Sam’s Club, Sears and Walmart locations around Columbus, Ohio, as part of an expanding beta in that city.
Dallas-based GIACT Systems, provider of real-time data for payment risk analysis, has hired Jeff Givens as executive vice president of sales. The longtime technology industry veteran will lead GIACT’s sales organization as well as develop strategic partnerships and channel sales.
A new report suggests the U.S. commercial credit card market continues to demonstrate positive growth despite recent corporate economic challenges and increased levels of investment in corporate payable solutions.
PA-based FreedomPay’s Commerce Platform has been approved as a payment gateway for EMV on First Data. FreedomPay’s EMV certification combined with P2PE enables merchants to adopt advanced payment security at the point of sale.
Frankfurt-base Software AG (SAG) has inked NJ-based PayCommerce to use SAG’s Digital Business Platform to expand its world-class cross-border payments network. The global payments pro faster and more secure payment solutions: business-to-business (B2B), business-to-consumer (B2C), consumer-to-business (C2B) and global disbursements and collections.
Dai Nippon Printing (DNP), a NFC technology supplier and solution provider for financial institutions in Japan, has inked Gemalto to provide its mobile payment solutions to DNP.
In today’s CardFlash News Que: SYNCHRONY (FRB); PIVOTAL (Breeders); CSI (IOFM); and TECHNAVIO (india).