In the CardFlash News Que: CPI CARD GROUP; SYNCHRONY FINANCIAL; VSOFT; MOBILE STRATEGY PARTNERS: INSIDE SECURE; and MILBERG.
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.