In today’s CardFlash News Que: AMEX (unstaged); SIMPLYCREDIT (funding); IPATIENTCARE (NUCON); and MASTERCARD (COMO).
Purchase dollar volume (PDV) for Visa, MasterCard, American Express and Discover cards (credit + debit) in the U.S. remains likely to top $1.2 trillion for the third quarter, predicts RAM Research. According to CardData, in the second quarter PDV climbed 7.6% year-on-year (YOY) in Q2/15 reaching a record $1205 billion.
The average U.S. 90+ day delinquency rate among the nation’s four largest issuers is expected to rise 3 basis points (bps) in the third quarter. In the second quarter 90+ delinquency declined 9 basis points (bps) sequentially, to a record low of 0.92% for the second quarter, compared to 1.01% in the prior quarter and 1.00% one-year ago.
Qatar’s Doha Bank and China UnionPay inked a deal for the issuance of the first UnionPay card. Doha Bank, holding one-fourth market share, is one of the top merchant acquirers in Qatar.
peerTransfer announced the relocation and expansion of its US and European offices in Boston, MA and Valencia, Spain. The decision is driven by the doubling in payment volume and revenue in the last 12 months.
A new survey shows lower income respondents were more likely to lack knowledge of EMV cards than those in higher income brackets. Nearly 60% of consumers with an income of $25,000-$49,999 were unaware of EMV cards. However, only 26% of the highest income cohort ($150,000+) lacked knowledge of EMV credit cards.
Financial institutions must make the best use of prospects’ time and onboard them as painlessly as possible, and going beyond imaging to capture prospects’ information eliminates one more step in the mobile account opening process.
Revel Systems and Legends Hospitality have inked to launch Revel’s iPad Point of Sale to be deployed across its retail establishments and concession stands throughout the Indianapolis Motor Speedway (IMS).
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Craig Eckstrom, Chief Revenue Officer of Forter.
CardWeb.com’s CardData database of Company Profiles today features Prolexic Technologies.