Mastercard’s U.S. purchase dollar volume (PDV) quarterly year-on-year (YOY) growth has been spiraling down this year tumbling to 4.8% in the third quarter, compared to 7.9% for 3Q/15, 8.2% for 3Q/14, and 9.1% for 3Q/13. Mastercard reported gross dollar volume (GDV) also declined to a 4.8% gain YOY, compared to 7.5% YOY in 2Q/16 and…
Early stage delinquency (30+ days) among the nation’s top 6 issuers rose sharply by 15 basis points (bps) sequentially in the third quarter (3Q/16) to 1.89%, and up 12 bps above last year’s 1.77%, according to CardData. Five of the Big 6, including Chase, Bank of America, Capital One. American Express, and Discover, posted higher…
Mastercard has ankled Shamina Singh, president of the Mastercard Center for Inclusive Growth, to assume oversight of the company’s sustainability efforts in addition to her current responsibilities. In this newly created role, Singh will lead the creation and execution of a sustainability strategy, taking into consideration how the company operates in the current social, cultural…
PayPal’s Xoom, a specialist in digital money transfer, is expanding its service in Asia, making it easier for people in the U.S. to quickly and securely send money to Japan. Xoom is partnering with Queen Bee Capital, a provider of overseas transfer services, to offer customers a fast bank deposit service to major banks in…
Wirecard’s Star Global Currency Exchange received an upgrade of its license issued by Reserve Bank of India to Authorized Dealer in Foreign Exchange (Category II). The earlier license was a Full Fledged Money Changers (FFMC) Licensee with limited authority to deal only in buying and selling foreign currencies, traveller cheques and prepaid cards for travel…
A new report finds within a decade, value capture and creation will steer the payments industry as innovative start-ups unbundle the existing logistics supply chain, focusing on certain aspects of it and breaking down the value chain. Using novel business models that are app- or marketplace-based with online brokerage services and aggregated end-to-end visibility across…