In Other News: PAYEASE (Apple Pay); GOLDMONEY (G2G); UPHOLD (India); and K-RISE (OPN). PAYEASE – China’s first electronic payment enterprise, PayEase now supports payment through Apple Pay on Apple Store APP, providing more flexibility to consumers on mobile terminal transactions. With immediate effect, mobile terminals on Apple Store APP officially support payments through Apple Pay in…
The Street Invoice app is revolutionizing the payment acceptance method with a new technology that is an open source for every ISO in the credit card processing business. All ISOs (Independent Selling Organizations) in the merchant services business were working hard to build a book-of-business until their merchants decided to move on with technology. Many…
On a non-currency adjusted basis, Purchase Dollar Volume (PDV) in Canada for Visa (VS) and MasterCard (MC) payment cards declined 7.4% year-on-year (YOY) in 4Q/15. However, on an currency adjusted basis (FX) VS was up 4.6% YOY and MC soared by 14.5% YOY in 4Q/15. VS and MC racked up US$88 billion in Canadian PDV…
New research reveals the implementation EMV and NFC cards in the U.S. has driven online fraud upward by 80-100%. The March edition of the Digital Identity Tracker, a forum for framing and addressing key issues and trends in fraud and identity protection, also found total revenues lost from eCommerce transactions due to fraud nearly doubled from…
American Express (AXP) international gross dollar volume (GDV) for the fourth quarter (4Q/15) rose 8.0% year-on-year (YOY) on a currency adjusted basis (FX). The gain was primarily driven by the Japan, Asia Pacific & Australia (JAPA) region which soared 15.0% YOY. The YOY GDV FX growth rate for the three AXP regions was 8.0% for…
Gemalto’s Payment business grew by +23% in 2015. The Americas posted the largest growth, with revenue almost doubling compared to previous year on strong sales of EMV payment cards and rapid expansion of issuance services in the U.S. Payment Embedded software & Products sales grew by +19% and Payment Platforms & Services revenue expanded by…
The average late stage U.S. credit card delinquency (90+ day) among the nation’s top four issuers increased 9 basis points (bps) sequentially, to 1.07% for the fourth quarter (4Q/15), compared to 0.98% in the prior quarter and 1.05% one-year ago. All the issuers were up sequentially in 4Q/15. The Chase 90+ day delinquency rate increased…
After inking a multi-year, exclusive co-brand deal last year, American Express and Charles Schwab have unveiled a new credit card and a new charge card. The American Express Platinum Card® for Schwab gives clients excellent rewards, benefits, and services with the added ability to redeem Membership Rewards® points for deposits by Schwab into a linked…
Malauzai Software takes its SmartApps for community financial institutions to the next level as part of its Mobile Only Experience (MOX) created to deliver consistency across all screens for consumers, businesses and branch employees. The latest enhancements include an updated design and user experience with expanded navigational tools, dynamic personalization and advanced money movement features. Key…
Purchase dollar volume (PDV) for Visa, MasterCard, American Express and Discover cards (credit + debit) in the U.S. climbed 8.4% year-on-year (YOY) in 4Q/15 reaching a record $1253 billion. Visa led the way in the fourth quarter posting a 9.5% YOY gain for U.S. PDV. Visa reported fourth quarter PDV of $713 billion, compared to…