U.S. bank credit card active accounts (accounts with sales activity), among the top four U.S. issuers, notched up 0.6% year-on-year (YOY) and sequentially in the third quarter.
After a haircut in its IPO earlier this week, to $9.00 per share, Square’s first day of trading yesterday soared more than 60%, closing at $13.07. It was expected to price in the $11 to $13 range but there has been growing skepticism among institutional investors in regard to tech unicorns.
Five interconnected forces are set to disrupt retail, presenting retailers with powerful challenges and opportunities. Economic, demographic, technology, urban and consumer forces are combining to create new markets, transform consumer expectations and reshape the rules of retail.
FL-based Stonegate Bank becomes the first bank to offer a Debit MasterCard that can be used at any of Cuba’s 10,000 hotels, restaurants and other card-accepting merchants.
U.S. Millennials (aged 16-30) are the most likely to adopt new buying methods such as mobile payments with 9% of U.S. millennials using mobile payment applications daily.
Netherland-based DIDIX, a prepaid card specialist, has been
acquired by the Blackhawk Network. DIDIX products are sold to millions of consumers each year directly through retail, online and business-to-business (B2B) channels.
A new website linking retailers to a comprehensive offering of retail payment technology services, including IT security, merchant services, Ecommerce, cloud-based IT services, POS systems, payment gateway, PCI compliance and network management has been launched.
Holiday retail sales are expected to grow by 3.6% driven by growing consumer optimism about personal finances, Nearly half (47%) of those surveyed indicate they are more confident in their financial situation than last year (37%), and 48% plan to start their holiday shopping earlier this year.
Starting Monday MasterCard cardholders using Apple Pay can travel for free around London over the next four consecutive Mondays. Customers using MasterCard with Apple Pay need to touch in and out on London’s transport network using their Apple device and they will have their fares refunded by MasterCard on any of the Fare Free Mondays.
CardFlash News Briefs: HYPERWALLET (loyalty); CARDINALCOMMERCE (patent); MYPINPAD (study); and PARKMOBILE (Pittsburgh).