Green Dot Corporation (GDOT) supports the CFPB’s newly released prepaid debit card Notice of Proposed Rulemaking (NPRM). Green Dot’s Founder testified yesterday at the CFPB field hearing on the topic and believes that its business will not be materially impacted by the CFPB’s newly proposed rules. Furthermore, Green Dot fully supports the proposed rules that mandate “Regulation E” consumer protections for lost or stolen funds and disputed transactions, including the providing of provisional credits to consumers, and the CFPB’s proposed rulemaking dealing with the new framework for overdraft programs attached to prepaid cards.
The mobile device and network security investments will account for nearly $11 Billion in 2014. The market is further expected to grow at a CAGR of nearly 20% over the next 6 years.
Square, Latino Startup Alliance and Xoom have launched Soy Empresaria, a program to give Latina entrepreneurs in California the opportunity to win $10,000 in financial support and mentorship.
CardWeb.com’s CardWatch database of more than 57,000 marketing items today features the Capital One Venture Card – “Musical Chairs.” TV ad.
CardWeb.com’s CardExecs database of payments industry mover and shakers today features Darren Wilson, President of EVO Payments International.
Gemalto has been selected by New Zealand’s Westpac to offer its Optelio Contactless Sticker for mobile payment. Westpac customers attach the sticker to the back of their mobile device to make quick, secure contactless payments.
CardWeb.com’s CardPixes database of more than 7,000 card images today features the Aspire Travel MasterCard. The card issued by Capital One Canada.
Visa’s (VS) Central Europe – Middle East – Africa (CEMEA) region Purchase Dollar Volume (PDV) rose year-on-year (Y/Y) 26.4% on a local currency basis in the third quarter (Q3/2014) to US$67 billion. Based on PDV, the VS CEMEA region is growing nearly twice as fast as the runner-up Latin American Caribbean region.
MasterCard’s APMEA Gross Dollar Volume (GDV) rose 16.4% on a local currency basis to US$340 billion in Q3/14, compared to US$321 billion in Q2/14 and US$292 billion in Q3/13. Purchase Dollar Volume (PDV) rose year-on-year (Y/Y) 19.8% on a local currency basis in the third quarter (Q1/14) to US$211 billion.
Diamond Resorts International has teamed with Barclaycard US, announced to launch the new Diamond Resorts MasterCard. The new card will be offered to customers at the point of sale at all vacation ownership sales centers throughout the United States.
The vast majority of Indian consumers (88%) but fewer than half (45%) say retailer data have read or heard about major retailer data breaches in the past year, breaches have increased their concerns about their personal data privacy during the same period. The majority (46%) characterize the way they manage data privacy on connected devices they own as Take-Charge rather than Reactive (39%) or Passive (15%).
Spending growth for all card types (credit, PIN and SIG debit) experienced a healthy increase in October. Dollar volume growth of 5.5% on credit outperformed both SIG and PIN debit growth of 2.1% and 2.5%,