Charge-offs among the nation’s top 6 issuers soared 40 basis points (bps) year-on-year (YOY) to 3.26% for the first quarter (1Q/17), and up 35 bps sequentially, according to CardData. All six issuers posted sharply higher charge-offs in the first quarter. Noteworthy: Capital One crossed the 5% threshold and American Express hit 2.0%. The Big 6…
Gross dollar volume (GDV) for Visa, Mastercard, American Express and Discover cards (credit + debit) globally increased 20.7% year-on-year (YOY) on a nominal dollars basis, for the first quarter (1Q/17). However, on a currency adjusted basis (FX) global GDV for the first quarter increased an estimated 21.8% YOY, according to CardData. The growth is skewed as…
TD Bank has landed Barry Baird, formerly with PayPal, as Head of Customer Experience. Baird joins was most recently PayPal’s Head of Business Operations, Project Management Operations, PayPal Credit Card Program. Barry’s accountabilities included end-to-end program management of all new PayPal credit initiatives and roadmap prioritization, including all major product and platform builds. He joined…
India’s full service carrier Vistara, a joint-venture of Tata Sons and Singapore Airlines has inked Wirecard for enabling payment processing for all ticket bookings made by credit card via BSP (Billing and Settlement Plan). The deal will help Vistara process international bookings quickly with a robust backend solutions framework, while keeping pace with the latest…