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.
The inaugural MasterCard Masters of Code global hackathon competition has concluded in San Francisco with the winning team from Malaysia.
Irish consumer spending continued to increase at a sharp pace during November as household expenditure rose +7.9% year-on-year (YOY). This represents the sharpest seen in the 15-month series history.
A new survey shows the number of Canadians who have purchased and/or received gift cards in the last year, has grown from 68% five years ago to 87%. More than half of respondents who purchased a gift card in the past year bought four or more cards.
Since launching in August in Korea, Samsung Pay has reached KRW 250 billion in accumulated transaction volume and over 10 million in accumulated number of transactions. This week Samsung Pay has expanded to transportation.
Vodafone Romania has teamed with the digital money transfer service WorldRemit. Through Vodafone M-Pesa, WorldRemit customers can now send instant money transfers to any Vodafone customer in Romania.
Cybersecurity will be a focus of the upcoming presidential election as organized crime rings continue to expand and terrorism shifts online. Retailers will continue to fall victim to attacks and suffer millions in losses and debts, leading to more lawsuits.
FL-based ZipLine has inked a technology agreement with SAP to integrate its mPay mobile payment interface with SAP Vehicles Network, running on the SAP HANA Cloud Platform for the Internet of Things (IoT).
New research reveals the average indebted household owes $15,355 in credit card debt alone. Credit card debt costs consumers an average of $2,630 per year in interest.
CardFlash News Briefs: PAYSCAPE (Vendevor); TARSIN (Circle Plus); ARROWEYE (TMG); and LENDINGTREE (AmEx).