In Other News: BUZZ POINTS (study); ACCULYNK (Payzur); USAT (Coastal Canteen); and FRAGMOB (CMS). BUZZ POINTS – Buzz Points, the Austin-based rewards and marketing platform, announced the results of “The Total Economic Impact of Buzz Points,” a commissioned study conducted by Forrester Consulting on behalf of Buzz Points. Forrester interviewed four community financial institutions (CFIs)…
The Big 6 issuers, based on U.S. total outstandings of $950 billion, control 49.3% of the U.S. bank credit card business at the end of the first quarter (1Q/16). However, as a group the Big 6 lost 250 basis points (bps) quarter-to-quarter (QTQ) in marketshare to smaller issuers in the first quarter. Chase’s market share decreased…
Mastercard and PAYFORT, a major Arab online payment service provider, have announced a strategic collaboration to introduce the next generation of payment solutions – enabled by Mastercard Payment Gateway Services. Building on Mastercard’s proven approach to helping businesses create better online purchase experiences for their customers, the agreement will enable e-commerce merchants using PAYFORT’s online…
Adoption of universal mobile payment methodologies such as Apple Pay and Samsung Pay continues to lag in the United States compared to developed economies in Europe and Asia. Technology companies involved in the production and distribution of mobile devices (Apple, Samsung) have assumed the mantle of lead advocate, while many major banks and mobility network…
Oberthur Technologies has launched its X-Press Solution which provides turnkey, expedited EMV-card supply within five days for card orders up to 25,000. OT is a one-stop shop for card issuers with large or small card orders at national banks, credit unions and community banks. The X-Press Solution features full product support for MasterCard, Visa, American…
The number of Hispanic households has been growing faster than the number of non-Hispanic households. Second, average spending by Latino households has increased more than average spending by non-Hispanic households. These two basic variables (more rapid household growth + higher growth in average spending) add up to a higher rate of growth in aggregate spending…
New research shows nearly 3 in 10 consumers expressed a willingness to adopt the mobile wallet payments alternative in the next six months. Unsurprisingly, baby boomers (ages 55 and older) were less willing to consider using mobile wallets in the next six months, with just 7% of this generation indicating a strong chance of using…
Mastercard, Plastiq and Planet Payment have teamed to enable cardholders in China the ability to use local credit and debit cards to pay U.S. tuitions and other costs through a first-of-its-kind online payment service. Planet Payment enables the conversion from RMB to USD in real-time. Plastiq provides the technology that converts Mastercard credit and debit…