The average yield among the nations’s top four bank credit card issuers came in at 11.53% for the third quarter, compared to 11.59% for 3Q/14. Capital One (COF), continues to lead the top pack with a 14.45% Q3 yield according to CardData. Chase and Citibank yields declined in the quarter.
Free-to-play MMO and mobile games generated two-thirds of the $63.7 billion global digital gaming market in 2015. The most lucrative games are becoming “services,” which may be downloaded for free, but are ﬁnanced through steady digital transactions.
Visa Europe says a nuanced and segmented risk-based approach is required for e-commerce. If you have already determined that a transaction is legitimate, there is absolutely no need to force a customer to authenticate themselves.
MasterCard says the new startups comprising the first global Start Path class, include British AI business, Rainbird. During the six-month program, participants will obtain mentoring from MasterCard experts, access to the company’s commercial partners and the opportunity to integrate with MasterCard products and tools.
PayPal and Braintree named the $100,000 USD grand-prize winner of its 2015 BattleHack Series. The 24-hour BattleHack World Finals took place at PayPal Headquarters in Silicon Valley and hosted 14 teams of developers from across the globe, all winners of their regional BattleHack competitions.
BBVA Compass is now offering its credit card clients real-time redemption of rewards earned on qualified purchases made at any retailer.
Amsterdam-based Design SHIFT has collaborated with Geneva-based STMicroelectronics to integrate ST’s ST54D NFC controller in its groundbreaking privacy appliance, ORWL.
Datacap Systems has completed US EMV level 3 certification with Chase Paymentech and released an EMV-capable version of NETePay available for download immediately.
On average, it takes between seven to 10 seconds to pay using a chip card versus two to three seconds to pay using a traditional swipe credit card in the U.S. At some Walmarts unless you have a PIN for the chip card it will not prompt for you for SIG credit.
In today’s CardFlash News Que: VECTOR (Sequent); AOC (3Delta); VODAFONE (Wallet) and UNIONPAY (Hong Kong).
U.S. bank credit card active accounts (accounts with sales activity), among the top six U.S. issuers, notched up 1.5% year-on-year (YOY) in the third quarter.
More than 90 million attempted cyber attacks across industries were launched in the third quarter, representing a 20% increase over the previous quarter. Fraudsters are now using bots and botnets to run massive identity testing sessions in order to penetrate fraud defenses.