Mexico’s largest electronic payments processor has implemented NCR’s Authentic from Alaric as its new payments transactions platform. E-Global provides switching and card processing services to nearly two-thirds of Mexico’s 350,000 point-of-sale (POS) devices.
Synchrony Financial’s CareCredit card has gone digital, enabling mobile payment functionality for all CareCredit cardholders and providers. The CareCredit card has 9 million cardholders that connects 186,000 healthcare providers.
CardWeb.com’s CardWatch database of more than 57,000 marketing items today features the ANZ’s Bank ‘The Story’ – Sydney Mardi Gras 2014 Highlights TV ad.
OH-based Diebold has acquired Ontario-based ATM software developer Phoenix Interactive Design. Phoenix’s FI clients include TD Canada Trust, National Australia Bank Group and Fifth Third Bank.
Sweden’s Trig Social Media AB has formed Trig Pay. Trig Pay will be integrated into its Trig Money application and its direct payment application with its Trig Direct user-base.
In today’s CardFlash News Que: Entersekt (CNP); Reportbuyer (XaaS); Nexonia (Microsoft Dynamics); and pcipolicyportal.com (PCI Toolkit).
The 30+ day delinquency ratio continues to hover at a 25+ year low and charge-offs for the past two quarters hit the lowest level since 1986. However, both metrics may be headed higher this year as Q3 and Q4 metrics among the biggest issuers uptick.
On a non-currency adjusted basis, Purchase Dollar Volume (PDV) in the Latin America Caribbean (LAC) region for Visa and MasterCard payment cards rose 1.8% Year-on-Year (YOY) in Q4. However, on an adjusted currency basis Visa was up 15.2% YOY and MasterCard grew 22.2% YOY in Q4/14 in the LAC region.
Visa and MasterCard credit, debit and prepaid cards around the world will likely top 3.9 billion or up 4.5% in the first quarter according to forecaster RAM Research. Visa will end the quarter with about 2411 million and MasterCard with 1488 million cards-in-force (CIF).
The global business-to-consumer (B2C) e-commerce and online payment market will begin to slow this year, nonetheless B2C e-commerce worldwide is expected to top a trillion euros by 2018. Asia-Pacific region is forecasted to be the fastest growing B2C E-Commerce market worldwide.
Hackers hit pay dirt with the recent credit card system breach of upscale hospitality chain Mandarin Oriental Hotel Group. Considering the hotel’s wealthy clientele, many of hacked cards have very high or no credit limits.
The CFPB’s Arbitration Study, released this week, found nearly 75% of consumers surveyed were unaware whether the contracts they signed included an arbitration clause. Of the consumers surveyed, fewer than 7% actually understood that an arbitration clause would preclude them from suing the company.