Among the nation’s top four Visa and MasterCard (V/M) issuers, bank credit card charge-offs for the third quarter (Q3/14) of 2.83% are down 56 basis points (bps) year-on-year (Y/Y) and down 41 bps, quarter-to-quarter (Q/Q). However, the trend may reverse in the fourth quarter as delinquency took a turn North in the third quarter.
Ballpark food and beverage concessions at the 2014 World Series, which begins tonight, will be payment NFC-enabled. The Kansas City and San Francisco ballparks will be the first professional sports facilities to accept Apple Pay.
Apple Pay’s first day was filled with merchant acceptance announcements including Walgreens, Petco, Groupon, Wells Fargo, Bank of America, and MasterCard, in addition to the announcements made following the unveiling of Apple Pay last month.
The average American consumer is back to spending at 2012 levels, and will plan to shell out $842 this year, compared to $1,260 in 2013 and $848 in 2012. However, shopping on smartphones and tablets has jumped over the last two years.
USAA’s insurance, banking and credit card businesses earned top rankings in the latest Net Promoter Score (NPS) Benchmark Study by Temkin Group. NPS identifies the likelihood of consumers to recommend a company to their friends and family, using a scoring range from -100 to +100.
CardWeb.com’s CardExecs da tabase of card industry movers and shakers today features Debra Adlis, Senior Vice President and CFO of the National Foundation of Credit Counseling (NFCC).
There are $8.6 billion in projected mobile commerce sales losses due to outdated mobile checkout processes. A new, all-in-one credit card and identification scanning technology solution for mobile retailers has been introduced.
OR-based Prime Factors announced that Arroweye Solutions has updated its automated crypto key management with EncryptRIGHT. The development amps up payment card security against hacking threats.
TN-based EFT Source reports NJ-based Atlantic Stewardship Bank after implementing the Card@Once system realized a 7.32% year-over-year increase in interchange revenue within the first month. EFT Source is a provider of turnkey card programs and personalization services for ATM and debit cards for financial institutions.
NCR Silver mobile POS system for small businesses is now offering remote payment and order ahead capabilities that are compatible and operable with Apple Pay.
Austin, TX-based Mozido has rolled out an initial mobile loyalty pilot program with El Salvador QSR franchise, Mister Donut. El Salvador’s has a 124% mobile adoption rate.
CardWeb.com’s CardPixes database of more than 7,000 card images today features the Kartu Kredit BNI JCB Platinum .The card is issued by Bank Negara Indonesia .