CardWeb.com’s CardExecs database of payments industry movers and shakers today features Håkan Persson, CEO at Precise Biometrics.
Capital Prepaid Services has made loading checks more convenient with the availability of mobile check cashing for the program it manages, the BlazePays Visa Prepaid Card. The new feature allows cardholders to cash checks to their BlazePays Prepaid Card easily from virtually anywhere.
While companies around the world are taking note of the growing emergence of mobile and digital payment applications, many treasury departments still grapple with the continued existence and enormous cost of paper payments. Clients at the Bank of America Merrill Lynch Conference on Payments and Commercial Card continued to identify that fully converting their payments to electronic was their No. 1 priority in improving their working capital in 2015.
TECHEXPO’s annual New York City Cyber Security Summit will take place on Friday, September 18 from 9:00am to 6:00pm at the Millennium Broadway Hotel (145 West 44th Street). The NYC Cyber Security Summit is part of an exclusive conference series that connects senior level executives with innovative solution providers and renowned information security experts.
Gross or open accounts (GAC) for U.S. credit cards among the nation’s four largest issuers climbed 2.0% in the second quarter to 187.4 million, compared to 183.7 million one-year ago. The growth is driven by Capital One, while Chase, Bank of America (BofA) and Citibank face year-on-year (YOY) and quarter-to-quarter (QOQ) GAC erosion. However, BofA posted a slight YOY gain.
U.S. bank credit card active accounts (accounts with sales activity), among the top six U.S. issuers, grew 1.4% year-on-year (YOY) and flat quarter-to-quarter (QOQ) in the second quarter. This comes despite the slight erosion in gross accounts by Bank of America and Citibank.