U.S. Millennials (aged 16-30) are the most likely to adopt new buying methods such as mobile payments with 9% of U.S. millennials using mobile payment applications daily.
Netherland-based DIDIX, a prepaid card specialist, has been
acquired by the Blackhawk Network. DIDIX products are sold to millions of consumers each year directly through retail, online and business-to-business (B2B) channels.
A new website linking retailers to a comprehensive offering of retail payment technology services, including IT security, merchant services, Ecommerce, cloud-based IT services, POS systems, payment gateway, PCI compliance and network management has been launched.
Holiday retail sales are expected to grow by 3.6% driven by growing consumer optimism about personal finances, Nearly half (47%) of those surveyed indicate they are more confident in their financial situation than last year (37%), and 48% plan to start their holiday shopping earlier this year.
Starting Monday MasterCard cardholders using Apple Pay can travel for free around London over the next four consecutive Mondays. Customers using MasterCard with Apple Pay need to touch in and out on London’s transport network using their Apple device and they will have their fares refunded by MasterCard on any of the Fare Free Mondays.
CardFlash News Briefs: HYPERWALLET (loyalty); CARDINALCOMMERCE (patent); MYPINPAD (study); and PARKMOBILE (Pittsburgh).
The average late stage U.S. credit card delinquency (90+ day) among the nation’s top four issuers increased six basis points (bps) sequentially, to 0.98% for the third quarter, compared to 0.92% in the prior quarter and 0.98% one-year ago. However, all the issuers, except Capital One, were down year-on-year (YOY), according to CardData.
The national VantageScore credit score is up by three points, from 666 to 669. Bankcard lending continues to increase, with new bankcards up 7.7%.
The 20th annual SESAMES Awards, which rewards the best innovations in the fields of secure payment solutions, identification and mobility. During this year’s CARTES SECURE CONNEXIONS event, 11 winners have been awarded.
Wirecard reports consolidated revenues grew by 29.3% in the nine months ending September 30. Sales revenues increased in the nine month period 2015 by 27.5% to EUR 541.0 million.
Lightspeed POS has acquired Amsterdam-based eCommerce software company SEOshop. As part of the acquisition, Lightspeed is launching Lightspeed eCom, its new eCommerce platform in the UK.
Merchants continue to fail in delivering a seamless and localized ecommerce experience to shoppers outside their own country- a dangerous choice when 20% of all online shoppers currently come from foreign IP addresses, which is estimated to become 45% of all online shoppers by 2020.