Purchase dollar volume (PDV) for Visa, MasterCard, American Express and Discover cards (credit + debit) in the U.S. climbed 8.0% year-on-year (YOY) in Q3/15 reaching a record $1214 billion. Visa led the way in the third quarter posting a 9.7% YOY gain for U.S. PDV, according to CardData.
Early stage delinquency (30+ days) among the nation’s top 6 issuers climbed 13 basis points (bps) sequentially in the third quarter to 1.76%, but remains below last year’s 1.83%. Every issuer posted higher delinquency in the quarter.
Worldline and Equens are getting married. Equens is a prominent European payment services provider, headquartered in Utrecht, Netherlands, with €305 million 2015 revenue. Equens Worldline Company will become the largest pan-European financial processor, targeting 2016 revenue of € 700 million and OMDA of € 120 million, managing approximatively 100 million payment cards and employing 3,000 experts in payment.
Campu Bank, a major bank in the Kingdom of Cambodia and JCB have inked deal launch a JCB merchant acquiring service to accept JCB cards at about 650 locations including their merchant terminals and ATMs in Cambodia.
MasterCard has ankled Craig Vosburg to president, North America Markets, effective January 1st. This appointment comes as Chris McWilton announced he will leave MasterCard on December 31.
The AAA Dollars MasterCard and the AAA Dollars Plus MasterCard have hit the market from the AAA and U. S. Bank. Both cards offer very competitive pricing.
USAA has launched a pilot that allows a limited group of USAA members to view their bitcoin balance on USAA.com and the USAA Mobile App. This pilot was rolled out to USAA employees in September and is now being extended to a select group of USAA members.
Michael Miebach will assume the role of chief product officer for MasterCard on January 1st and will be based in New York. He currently serves as president, Middle East and Africa.
Naples, FL-based ACI Worldwide has ankled Janet Estep to its Board of Directors. Estep serves as president and CEO of NACHA – The Electronic Payments Association that oversees the Automated Clearing House (ACH) Network.
New research shows 80% of consumers cited their bank’s ability to ensure the safety of their financial information as their greatest concern, regardless of demographic.
Bluepoint Solutions unveiled ImagePoint ITM, a new check capture software for Interactive Teller Machines (ITMs). ImagePoint ITM provides real-time, image-enabled check capture, integrating deposits directly into the existing item processing workflow.
In today’s CardFlash News Que: DEEM (ARP): ENSENTA (VALID); CITIZENS (commingling); and STATISTA (gambling).