Global purchase transactions (PTX) for Visa and MasterCard debit and credit cards, excluding Visa Europe, soared 12.0% year-on-year (YOY) in the third quarter (Q3/15) and 2.4% sequentially. The two networks combined processed 38.3 billion purchase transactions in Q3/15, compared to 34.2 billion one-year ago.
The 30+ day delinquency rate (not seasonally adjusted) for the top 100 U.S. banks increased 16 basis points (bps) sequentially, but down 7 bps from one-year ago. Among the nation’s top four card issuers, delinquency edged up by 15 bps from the prior quarter, but dropped year-on-year (YOY) by eight bps.
Danish mobile payment app Swipp and Verifone Europe have inked an agreement to integrate Swipp as an accepted payment method for more than 30,000 Danish merchants using Verifone devices.
On a non-currency adjusted basis, Purchase Dollar Volume (PDV) in Canada for Visa and MasterCard payment cards declined 7.6% Year-on-Year (YOY) in 3Q/15. On an adjusted currency basis (FX) Visa was up 5.2% YOY and MasterCard soared by 19.2% YOY in 3Q/15.
Payoneer has been selected by Amazon to expand cross-border payment options to sellers from 24 countries who sell on marketplaces in the U.S., Spain, France, Italy, Germany and U.K.
MasterCard’s global hackathon will hold its grand finale in San Francisco on December 4 and 5. The Masters of Code competition will include the winning teams from each of the 12 regional events.
Hilton and Starwood this week acknowledged they have been hacked following last month’s data breach discovery by Trump Hotels and one earlier this year by Mandarin Oriental.
On November 20 IL-based UL purchased Ireland-based Acquirer Systems, a specialist in testing software and tools for validation of complex payment environments.
A new survey from Chase Freedom reveals self-gifting is part of the American holiday shopping spirit and 77% of holiday shoppers who have a credit card offering rewards are likely to use the rewards they earn holiday shopping on gifts for themselves.
CardFlash News Briefs: NCR (Silver); UNIONPAY (promotion); BRAINTREE (JotForm); and MPC (fees).