The days of reselling third-party payment gateway services or referring merchants to payment gateways are over. IL-based NMI announced the expansion of its payments enablement platform for the Value Added Reseller (VAR) and Independent Software Vendor (ISV) markets.
The top six U.S. credit card issuers are all reporting a slight uptick in delinquency for the fourth quarter. However, Bank of America held steady. Therefore, given the recent rise in card usage the stage is set for higher charge-offs throughout 2015.
As Citibank’s international card business winds down, especially in Asia, there were significant declines in fourth quarter (Q4/14) profits across all three regions. The Asia region posted a 32% YOY decline, the LAC region was down 18% YOY and the EMEA region posted an US$18MM loss for Q4/14.
Tapit and Gemalto have joined to launch “Tapit and Buy.” It is the first solution of its kind, leveraging Gemalto’s Netsize operator billing system and Tapit’s Cloud Platform to transform a wide range of physical assets into ‘one-tap’ mobile payment terminals.