The 30+ day delinquency rate, seasonally adjusted (SA), among the top 100 U.S. banks for the fourth quarter (4Q/16) increased 4 basis points (bps) sequentially (QTQ), and up 18 bps year-on-year (YOY). On a not seasonally adjusted basis (NSA), the delinquency rate among the top 100 U.S. banks for 4Q/16, increased 9 bps QTQ and…
Splitit has partnered with Magento as a Select Technology partner to offer their solutions to the Magento ecosystem. Merchants using Magento will now be able to seamlessly integrate Splitit’s payment tool into their checkout process. Splitit enables retailers to instantly offer monthly payment plans to their customers directly at checkout. Splitit works on existing Visa and…
Suntrust, Regions and KeyCorp lead the credit card market among the top ten regional bank issuers. Suntrust logged in with $1.4 billion in outstandings with 2.33% in net charge-offs for the fourth quarter. Regions Bank logged in with $1.2 billion in outstandings with 3.63% in net charge-offs for the fourth quarter. Key Corp logged in…
Cryptocurrency fueled football fantasy sports game is publicly testing its payments platform. FootballCoin (XFCCOIN) and the blockchain-based Football Manager game allows players to create their own football team, manage the player roster and participate in competitions. The use of Bitcoin blockchain and Counterparty platform, with its own FootballCoin cryptocurrency, creates a perfect in-game economy with plenty…
Emcredit, a subsidiary of the Dubai Economic, has inked a partnership with Cardtek to offer a secure infrastructure for mobile payments, identification, and extended smart government services for UAE residents. As a part of Dubai’s Smart Government Initiative, emPay will bring together a number of service providers including commercial banks, government departments, exchange houses, retailers,…
Purchase transactions (PTX) for Visa and MasterCard credit and debit cards in the U.S. grew by 7.0% year-on-year (YOY) in the fourth quarter (4Q/16) to 21.3 billion. The growth was driven by credit cards, and more specifically Visa, according to CardData. U.S. purchase transactions for Visa and MasterCard payment cards (debit+credit) hit 21,311 in 4Q/16, compared…