The top four U.S. Visa and MasterCard issuers are seeing a credit quality reversal as delinquency rates headed higher in the third quarter. Chase, Capital One and Citibank all reported upticks in the 30+ day delinquency rate, while Bank of America held steady.
MI-based North American Bancard (NAB) has swallowed up Electronic Payment Exchange (EPX) for an disclosed amount. NAB is among the nation’s top payment services companies and the leading provider of the PayAnywhere suite of mobile point of sale solutions. EPX is a global, full-service credit card, debit card, stored value, and electronic check payment transaction processor.
MasterCard has launched the MasterCard Nearby App enabling on-the-go consumers to easily find the more than 220,000 merchants in the U.S. – including Subway, Toys R’ Us, Walgreens, Whole Foods Market and all Apple Store retail locations – that accept contactless payments.
Online marketplace Etsy is out to get Squared-off . The firm will start offering free credit card readers to some of its U.S. sellers as part of an effort to extend its reach beyond the Internet.
Australia’s largest retail bank serving over 12 million customers updated their new Westpac Global Currency Card product, a multi-currency reloadable Visa prepaid card aimed at travelers and online shoppers.
SMBs (small to medium-sized businesses) are now receiving a device that brings the future of retail technology right into their stores: the Perka beacon. First Data has enhanced the Perka mobile loyalty solution with a small, low-powered device that communicates wirelessly with the Perka app, enabling increased customer engagement and a faster, more personalized retail experience.
Asia-Pacific is the fastest growing region on the global B2C E-Commerce market. Between 2013 and 2018 it is forecasted to grow by over 20% annually and surpass North America to become the number one region worldwide in terms of B2C E-Commerce sales.
CardWeb.com’s CardExecs da tabase of card industry movers and shakers today features Donna Bland, Chief Executive Officer and President of The Golden 1 Credit Union. Golden 1 Credit Union is California’s leading financial cooperative, and the sixth largest credit union in the U.S. with more than $8 billion in assets and over 600,000 members.
This week Deluxe acquired Wausau Financial Systems in an all cash transaction for $90 million, net of cash acquired. Wausau provides software-based solutions for receivables management, lockbox processing, remote deposit capture and paperless in-branch solutions to a broad list of financial institutions, utilities, government agencies and telecommunications companies.
CardWeb.com’s CardPixes database of more than 7,000 card images today features the Harley-Davidson Visa card. The card is issued by U.S. Bank.
FL-based Debt.com says debt can turn consumers into overextended decaying zombies. The cute news release included a sixty second video “The Day of the Living Debt.”
CardWeb.com’s CardWatch database of more than 57,000 marketing items including direct mail, print ads, TV ads, etc. today features the American Express Business Platinum Card – “Fuel Your Business” TV ad from July 2013.