The charge-off ratio for the top 100 U.S bank credit card issuers edged up 5 basis points (bps) in the third quarter but remains at historic lows.
Gross dollar volume (GDV) for Visa, MasterCard, American Express and Discover cards (credit + debit) in the U.S. climbed 7.7% year-on-year (YOY) in 3Q/15 reaching a record $1400 billion.
On a non-currency adjusted basis, Purchase Dollar Volume (PDV) in the Latin America Caribbean (LAC) region for Visa and MasterCard payment cards declined 19% Year-on-Year (YOY) in 3Q/15.
Gross dollar volume (GDV) for licensees of Discover-owned Diners Club International declined 3.0% year-on-year (YOY) in the third quarter of 2015 to $6.56 billion.
The first practice-management software offering a Patient Pay-by-Text option to dental offices nationwide has arrived.
The number of Chinese consumers shopping U.S. brands online over the holiday season has increased 7 times over last year. Total sales from China-based consumers purchasing U.S. products through Alipay ePass increased 15 times versus last year.
Reengineering back office processes, the increased digitalization and automation of these processes as well as smart document management are decisively contributing to increasing the productivity and efficiency of different financial entities in various countries.
NJ-based Heartland Payment Systems (HPS) reported Small and Mid-Sized Enterprise (SME) transaction processing volume was a quarterly record $24.5 billion for 3Q/15, up 13.1% from the third quarter of 2014.
Naples, FL-based ACI Worldwide reported third quarter revenue of $238.7 million, a 4.2% decline from 3Q/14. Net income for 3Q/14 of $14.78 million also declined by 6.1% from $15.73 million one-year ago.
CardFlash News Briefs: PEPPERMINT (funding); INAUTH (expansion); HYPERWALLET (milestone); and NFCC (Synchrony).