CardWeb.com’s CardData database of Company Profiles today features payment services provider AsiaPay. The Company serves over 3,000 merchants and almost 20 financial institutions in Asia. Joseph Chan founded AsiaPay in 1999.
CardWeb.com’s CardWatch database of more than 57,000 marketing items today features the Serena Williams & the Chase Masters: The Anthem Commercial.
TouchSuite has taken non-profit payment processing for non-profits to a new level. The new, unique relationship with the non-profit advocacy and support institution, PVBLIC Foundation, will create an advantageous financial service partnership for the nearly 100 non-profit organizations within its network.
In today’s CardFlash News Que: SITESAGE (PCI); BANKRATE (Prepaid); Zoho (CRM); and ACCREDITRUST (funding).
MasterCard’s average ticket (TIX) per purchase for U.S. credit cards has increased 10.3% since 2009, compared to Visa’s decrease of 1.9% during the same five year period. MasterCard’s average U.S. debit card purchase TIX runs about 4.8% higher than Visa’s since 2009. According to CardData, the MasterCard average TIX for full-year 2014 for credit cards is $90.23 and $39.42 for debit cards, up $8.39 and 8 cents respectively, compared to 2010.
The average yield for U.S. Visa and MasterCard-branded credit cards, issued by the top four issuers, will likely decline by eight basis points (bps) for the first quarter, and down 30 bps from mid-year 2014. Forecaster RAM Research projects an average yield for the Big 4 of 11.30% in the first quarter, compared to 11.59% one-year ago.
Japan’s JCB continues this year to expand its worldwide acceptance and issuance with new deals in Europe, as well as the LAC, ME and AP regions. Based on current metrics JCB is expected to surpass the US$500 billion in annual transaction value milestone by end-of-year (EOY) 2019. JCB racked up US$223 billion in transaction value last year, according to CardData. Forecaster RAM Research’s CAGR Corner computes JCB’s compound annual growth rate (CAGR) at 18.01%
A new survey reveals consumers in emerging markets across Asia/Pacific are more likely to choose a product based on whether it is perceived as more socially responsible than those in developed markets. Overall, products which are fair trade have the most appeal.
New research shows nearly two-thirds of Americans are now smartphone owner and 57% have used their phone to do online banking. However, nearly half of smartphone-dependent Americans have had to cancel or shut off their cell phone service for a period of time because the cost of maintaining that service was a financial hardship.
GTCR is unloading NYC-based Fundtech to Canada’s D+H for US$1.25 billion. Among its many diverse global banking services and products, Fundtech offers merchant services such as credit card gateways and mobile banking.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Chris Nelson, CEO and founder of Zoot Enterprises.
CardWeb.com’s CardData database of Company Profiles today features processor Digital River. The Company is a major provider of Commerce-as-a-Service solutions.