CardWeb.com’s CardExecs database of payments industry movers and shakers today features George S. Mayes, Jr., Executive Vice President and Chief Operating Officer of Diebold.
New research suggests the global mobile wallet market will grow at a CAGR of 36.8% between now and 2019. One major trend emerging in this market is increased awareness about mobile wallets as vendors are opting for various marketing strategies to promote their products.
CardWeb.com’s CardPixes database of more than 7,000 images today features the Citi Double Cash Card.
After closing on its acquisition of Fuze Network on February 19 and assimilating all Fuze employees, Ingo Money is more than ready for primetime and fully expects a substantial extension of its platform nationwide.
CardWeb.com’s CardConferences today features the TRANSACT 2015 event, March 31 – April 2 at the Moscone Center in San Francisco, California. This is major payments event and starts tomorrow.
Mumbai-based TimesofMoney has kicked off its suite of comprehensive Movit Mobile Money solutions. Movit is currently deploying in Africa.
The Taiwanese cards and payments industry demonstrated regular growth over the past few years, with the growth encouraged by a number of factors such as banking infrastructure development and growing awareness of electronic payments. Besides, wider acceptance of payment cards at POS terminals and wider adoption of contactless cards also supported the industry growth.
In today’s CardFlash News Que: PIVOTAL (Hire Heroes); VELCRO PAY (Insider’s Guide); MOBILEND (Acculynk); and Crane Payment (SCR).
JetPay Payment Services has ankled Paul Compton as Executive Vice President and National Sales Manager for JetPay Payments. The Company is a top provider of debit and credit card processing, payroll/HR/TLM and prepaid card services.
The Top 50 U.S. Visa and MasterCard credit card issuers captured a 92% market share of 2014 U.S. Purchase Dollar Volume (PDV). The powerhouse Top 10 grabbed 83% of American consumer and business Visa and MasterCard purchases last year, according to CardData.
Late stage delinquency among the nation’s Big 6 issuers will be pushed higher in 2015 as 30 day to 89 day delinquency begins its climb in the first quarter. Forecaster RAM Research projects 90+ day delinquency among the Big 6 will inch up from an average of 99 basis points (bps) in Q4/14 to 105 bps by end-of-year (EOY) 2015.
Among Visa’s four international regions the hottest area is Central Europe Middle East Africa (CEMEA), posting a 32.5% year-on-year (YOY) surge in 2014 purchase transactions (PTX). CEMEA also reported a 13.9% increase in purchase dollar volume, leading the other regions by more than 400 basis points (bps) last year.