Over the past year bank-issued credit card limits have soared by 43.5% to $12.68 billion. Retail-issued credit card limits also rose by16.2% to $6.87 billion.
NJ-based Heartland Payment Systems has acquired foodservice industry enterprise-level POS (point of sale) software provider, XPIENT Solutions. XPIENT provides advanced technology to 11 of the top 25 quick service and fast casual restaurant brands, including Taco Bell, Jack in the Box, Panera Bread, and Panda Express.
Watchdata Technologies launched its first smart wearable device Sharkey. Sharkey is a smart wearable device supporting NFC payment which, after being connected with android or iOS phone’s mobile terminal via Bluetooth, can be used for contactless payment.
A new survey finds the average penalty rate has declined to 28.45 % from a 28.60% average APR in 2012. Among card issuers charging a penalty rate, the lowest, 17.99%, is assessed by Pentagon Federal Credit Union’s Cash Rewards Visa Standard card. The highest penalty rate, 30.24%, is imposed by the NFL Extra Points card from Barclays.
Ingenico Group unveiled its new comprehensive global offer,Telium Tetra, creating a fully integrated commerce ecosystem around the Point of Sale.
PostFinance launched their new digital banking portal, which integrates Personal Financial Management (PFM) solution powered by Strands, global provider of personalization and recommendation solutions.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] CardWeb.com’s CardWatch database of more than 57,000 marketing items today features the Visa – “Dan Jansen Olympics” TV ad . “To view to ad click here”:http://cardflash.com/images/customers/cardwatch/ [/ihc-hide-content]
CardWeb.com’s CardPixes database of more than 7,000 card images today features the Kartu Kredit BNI JCB Platinum Card . The card is issued by AIMIA (Aeroplan).
CardWeb.com’s CardExecs database of card industry movers and shakers today features Jon Prideaux, Chief Executive Officer for Boku.
Visa gained more U.S. market share in the third quarter than the other three networks, capturing 58.1% of the Gross Dollar Volume (GDV), compared to 57.9% one-year ago. The growth came at the expense of MasterCard who declined from 26.4% in Q3/13 to 26.1% in Q3/14.
The world’s first EMV secure ATM ‘Tap & PIN’ Near Field Communication (NFC) solution that reads card data without having to insert the card in the reader, which helps to increases defense against skimming is coming next year in Australia.
Latin American transaction processor Evertec reported merchant acquiring segment revenue increased 6% and payment processing segment revenue increased 4% in the third quarter.