Flint Mobile, a mobile payment service that allows small businesses, freelancers and non-profits to get paid by credit card through a free mobile app that requires no external card reader, has added enhancements to its iOS app that leverage Apple’s expanding digital wallet ecosystem.
Green Dot continues on a roll with gross dollar volume soaring by 10.9% year-on-year (YOY).Total operating revenues on a generally accepted accounting principles (GAAP) basis increased 16% to $170.2 million for the second quarter of 2015 from $147.0 million for the second quarter of 2014
Bankrate reports unique visitors to its flagship CreditCards.com site increased 16% year-over-year. In April 2015 CreditCards.com redesigned its website and incorporated mobile responsive design features. During Q2 2015, total mobile device card approvals increased by 20% compared to Q1 2015.
AvidXchange has teamed withViewpoint Construction Software, a provider of innovative construction-specific software solutions to the global construction and capital project industries. AvidXchange and Viewpoint have formed a strategic partnership to deliver clients a best-in-class payment automation solution with a strong integration to Viewpoint’s ERP solutions, Vista by Viewpoint and ProContractor by Viewpoint.
Purchase dollar volume (PDV) for Visa, MasterCard, American Express and Discover cards (credit + debit) in the U.S. climbed 7.6% year-on-year (YOY) in Q2/15 reaching a record $1205 billion. Visa led the way in the second quarter posting a 8.8% YOY gain for U.S. PDV, according to CardData. However, YOY PDV growth is slowing a tad for all four U.S. networks.
Aggregate U.S. bank credit card end-of period (EOP) outstandings for the nation’s four largest issuers were essentially flat year-on-year (YOY) in the second quarter (Q2/15) and continues the pattern of the past three years. Capital One is the only big issuer with real growth as it plugs deeper into the changing market dynamics.