CardFlash News Briefs: TSYS – (Atlanticus); MAGICPAY (Nova); SHIFT4 (Chase); and USBSI (awards).
FreshDirect and MasterCard have inked a deal today to enable the online fresh food grocer to accept MasterPass.
PayPal will broadcast its first Super Bowl ad this year. The 45-second television commercial will air Sunday, February 7 during the 1st quarter of the legendary championship game.
IL-based Infinite Peripherals has unveiled an all-in-one EMV/Chip and PIN mobile POS solution. The Infinea mPOS and Infinea mPOS Flat solutions are for the iPhone 5 and iPod touch 5th and 6th generation.
Samsung Pay has corralled another 19 issuers including support for eligible PNC Visa credit and debit cards and KeyBank MasterCard credit and debit cards.
The bank card default rate increased 16 basis points (bps) in November from the previous month, to 2.91%. For all consumer credit the composite ratio was 0.97% in November, up three bps from the previous month.
Singapore-based United Overseas Bank (UOB) has become the first bank in Asia-Pacific region to implement the Visa Token Service. The bank is integrating the Visa Token Service as part of its digital wallet UOB Mighty.
International purchase transactions (PTX) for Visa and MasterCard credit and debit cards grew by 18.0% year-on-year (YOY) in the third quarter (3Q/15). International PTX for credit cards increased 11.9% YOY while international PTX for debit cards soared 28.9% YOY in 3Q/15.
Total U.S. gross accounts (GAC) in the third quarter (3Q/15) for Visa, MasterCard, American Express and Discover was up 7.1% year-on-year (YOY). At the end of 3Q/15, there were 491.0 million U.S. credit GAC compared to 458.3 million for 3Q/14.
Driven by EMV and Apple Pay-related sales, Verifone reported net earnings rose 23% in the fourth quarter (4Q/15) ending October 31st. Net revenues for the quarter rose 4.7% year-on-year (YOY)