Total U.S. credit cards-in-force (CIF) in the third quarter (3Q/15) for Visa, MasterCard, American Express and Discover was up 6.0% year-on-year (YOY). At the end of 3Q/15, there were 635 million U.S. credit CIF compared to 599 million for 3Q/14.
A new study reveals use of mobile phones to make in-store payments nearly quadrupled from 5% in 2014 to 18% today. Currently about 1 in 5 consumers using their phone to make a payment in-store.
Visa and MasterCard international card purchase dollar volume (PDV) for the third quarter (3Q/15) posted $1112 billion, compared to $1139 billion one-year ago. However, the nominal year-on-year (YOY) change is meaningless.
Visa and MasterCard international gross (open) payment card accounts (GAC) for the third quarter (3Q/15) grew 8.5% year-on-year (YOY). International credit GAC was up 4.3% YOY and international debit GAC soared 11.5% in 3Q/15.
Utrecht-based Equens is expanding its product portfolio to include an end-to-end pan-European instant payment service. The delivery to the market of the first components is scheduled for the second quarter.
The new CvvPlus real-time, dual-factor, out-of-band, fraud prevention solution authenticates cardholders conducting Card-Not-Present (CNP) transactions. This is the first product from FL-based Tender Armor.
Oberthur Technologies (OT) is beefing up its portfolio for the Austrian debit market by providing rechargeable debit cards integrating the Quick Electronic Purse loaded on OT’s latest contact and contactless cards.
The patent fight between Fiserv and FIS is over with no money changing hands. This week there was a resolution and dismissal of four patent infringement claims brought against FIS by Fiserv in 2012.
CARDFREE is the mobile application platform provider enabling Dunkin’ Donuts’ new On-the-Go Ordering app that is currently being tested in Portland, Maine.
CardFlash News Briefs: BLUESNAP (execs); RS (contract); UL (InfoGard); and PAYSCOUT (deal).