Canada’s GoldMoney has now launched the GoldMoney Prepaid program after a beta test. The Prepaid program aims to empower hundreds of thousands of platform clients with a payment method accepted by over 35 million merchants worldwide, giving access and payment utility to fully-reserved and gold-based savings.
China’s UnionPay has become the only international bankcard association offering Chinese Visa application VIP express service. UnionPay cardholders can apply at the Chinese Visa Application Service Centers in five cities in Australia, namely Sidney, Melbourne, Canberra, Brisbane and Perth. This service will substantially shorten the processing time, and will soon be rolled out in some of the other countries where UnionPay cards have been issued.
The average late stage U.S. credit card delinquency (90+ day) among the nation’s six largest issuers increased five basis points (bps) sequentially, to 0.85% for the third quarter, compared to 0.80% in the prior quarter and 0.88% one-year ago. However, all the issuers, except Capital One, were down year-on-year (YOY), according to CardData.
Irish consumer spending continued to increase at a sharp pace during October as household expenditure rose +6.8% year-on-year (YOY). This represents the fourteenth month of unbroken growth which has been recorded since the series began in September 2014.