Global Payments (GPN) has closed on its deal to acquire Ezidebit. The integrated payments company focuses on recurring payments verticals in Australia and New Zealand. GPN paid US$268 million for the Company.
CardWeb.com’s CardData financial database projects bank credit charge-offs among the nation’s top four Visa and MasterCard (V/M) issuers will decline four bps for the third quarter to 3.20%. Chase and Citi report Q3 results on October 14th before the market opening. BofA reports October 15th before the market opening. Cap One reports October 16th after the market close.
Equifax has released FICO Score 9 which offers more nuanced ways to assess consumer collection information, bypassing paid collection agency accounts and offering a sophisticated treatment differentiating medical from non-medical collection agency accounts.
New analysis suggests ApplePay will be the first step towards accelerating mobile payment takeup – similar to what Apple did with digital music – making it affordable and accessible. But, while others have promised to replace our physical wallets with digital equivalents, none has managed to muster mainstream success.