International cash transactions (CTX) for Visa and Mastercard credit and debit cards grew by 18.8% year-on-year (YOY) in the first quarter (1Q/17), adjusted there was no YOY growth. International CTX for credit cards increased 21.3% YOY while international CTX for debit cards rose 18.6% YOY in 1Q/17, according to CardData. All the YOY figures are…
U.S. bank credit card active accounts (AAC) (accounts with sales activity), among the Top 4 U.S. issuers, edged up 14.0% year-on-year (YOY) in the first quarter (1Q/17), according to CardData. Citibank drove the YOY growth via its acquisition of the American Express Costco cobrand portfolio last year. There were 120.7 million active bank credit card…
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The latest trend gaining momentum in the payments market is NFC in smart devices and PoS systems. The global PoS accessories market is witnessing a major shift in technology with the increasing adoption of NFC in wearable devices, such as smartwatches, smart wristbands, and smartphones. Till 2011, the contactless payment option was available for NFC-enabled…
In the payments arena, checks account for almost 50% of payments (down from 63% in 2014); ACH 32% (up from 22% in 2014), cards 11% (up from 8% in 2014), and cash and wire 8% (up from 7% in 2014). According to a new survey conducted by Credit Research Foundation (CRF) in partnership with NACHA-The…
BDO Unibank, the largest bank in the Philippines, has begun issuing the J/Speedy JCB card. The first card was launched in the ASEAN region. J/Speedy, JCB’s EMVCo compliant contactless scheme, provides a convenient and easy payment solution to valued customers of BDO. JCB brand cards are currently issued in 23 countries and territories with over…