UnionPay and ICBC have teamed to jointly launch UnionPay HCE mobile QuickPass in Macao. This is the first mobile credit card introduced in the market. Customers with UnionPay cards issued by ICBC Macao will be the first to enjoy this secure and convenient mobile payment service, being able to tap-and-go with their smartphones. As UnionPay’s…
In Other News: WORLDPAY (AU); CPI (Wesbanco); ACI (Wargaming); and SHIFT4 (TSYS). WORLDPAY – Worldpay is expanding in Australia after winning its licence to process payments in what is one of Asia Pacific’s largest eCommerce markets. The company’s expansion in Australia comes at a time of sustained growth for Worldpay, which processed 13.1 billion transactions…
Atom Tickets, the first-of-its-kind mobile movie ticketing platform, has expanded its service to moviegoers in more than 70 major metros across the U.S., including: New York, Chicago, Philadelphia, Boston, Washington, DC, Cleveland, Indianapolis, and Baltimore in collaboration with leading exhibitors AMC Theatres, Regal Cinemas and Studio Movie Grill. The growing list of cities with access…
For the third straight year, Discover ranked highest for credit card customer satisfaction among U.S. credit card companies by J.D. Power. Discover received a total of 827 points out of a possible 1,000, according to the J.D. Power 2016 U.S. Credit Card Satisfaction Study, outpacing the industry average by 31 points. The J.D. Power 2016…
New research reveals one in five credit card customers are carrying the wrong card. A new survey found 20%+ of customers have a card which has fees or rewards not aligned with their actual purchase habits. The study finds that while their levels of satisfaction are not dramatically different, customers who have a wrong card,…
Pakistan’s United Bank Limited (UBL) has launched the Masterpass QR digital payment service in partnership with Mastercard. As the country’s first interoperable digital payment service, Masterpass QR allows consumers to use their mobile banking app to pay for in-store, bill payments (invoices) and for delivery with one secure account. The service is expected to benefit a…
Myanmar’s Ayeyarwady Bank, Myanmar Payment Union Public (MPU), and JCB International (JCBI), have launched the first JCB credit and debit card as AYA Universal MPU-JCB Co-Brand cards in Myanmar. Myanmar is the 4th country in the Mekong region where JCB cards are issued, along with Thailand, Vietnam and Laos. The Universal AYA MPU-JCB Co-Brand Card…
China’s UnionPay reports a number of daily-spending merchants in Canada start to accept UnionPay mobile QuickPass, which marks the debut of the service in North America. Previously, there have been over 220,000 POS terminals in Hong Kong, Macau, Taiwan, South Korea, Singapore and Australia that accept UnionPay mobile QuickPass. The merchants accepting mobile QuickPass this…
ClickPay, a provider of billing and payment solutions for the real estate industry, unveiled a new fully electronic solution to streamline the process of accepting payments at the time of lease such as application fees, security deposits, and first months rent. The new web application was built with software developer, Open Box and it enables…
International gross transactions (GTX) for Visa and MasterCard credit and debit cards grew by 16.6% year-on-year (YOY) in the first quarter (1Q/16). International GTX for credit cards increased 11.9% YOY while international GTX for debit cards soared 20.9% YOY in 1Q/16. In the first quarter gross international payment card GTX for Visa and MasterCard came…
Early stage delinquency (30+ days) among the nation’s top 6 issuers declined six basis points (bps) sequentially in the first quarter (1Q/16) to 1.75%, but remains one bps above last year’s 1.74%. Five of the Big 6, including Chase, Bank of America, Capital One. Citibank, and Discover, posted lower or flat 30+ day delinquency in…
The average late stage U.S. credit card delinquency (90+ day) among the nation’s six largest issuers was flat sequentially, to 0.92% for the first quarter (1Q/16), but up 4 basis points (bps) from one-year ago (YOY). Three issuers were flat or down sequentially. The AmEx 90+ day delinquency rate remained flat sequentially, and from one-year…