Five Factor Framework for Mobile Biometrics Slowly But Surely Evolving

Whether using a fingerprint, an iris scan or a “selfie” to confirm identity, banks see biometric technology as a way to provide greater convenience and security to customers as they use their accounts. But, it’s still early days in mobile biometrics. A new report from Mastercard and the Department of Computer Science at the University of Oxford…

Visa Steps on the Gas to Accelerate B2B Payments – Inks 5 Partners

Visa rolled-out the Visa Ready Program for Business Solutions, a strategic framework to help technology companies that integrate with Visa’s business-to-business (B2B) payment services and data solutions ensure that they meet Visa’s standards and are market ready. Bora Payment Systems, Bottomline Technologies, CSI globalVCard, MineralTree and Priority Commercial Payments are the first partners to obtain…

V+MA+AXP+DFS Q1 U.S. Credit+Debit PDV Up 6.5% YOY

Purchase dollar volume (PDV) for the Major 4 networks (Visa, Mastercard, American Express and Discover) cards (credit + debit) in the U.S. climbed 6.5% year-on-year (YOY) in 1Q/17 hitting $1288 billion. Visa led the way in the first quarter posting nearly a 12% YOY gain for U.S. PDV. The Major 4 collectively posted $1288 billion…

V+MA Q1 International Credit+Debit GDV +19% YOY NFX

Visa and Mastercard international credit card gross dollar volume (GDV) for the first quarter (1Q/17) rose 18.6%, on a non-currency adjusted basis (NFX), year-on-year (YOY). For international debit cards, Visa and Mastercard GDV increased 48.2% YOY NFX, according to CardData. Excluding Visa Europe, Visa and Mastercard international payment card (credit+debit) GDV for the first quarter…

Gemalto Supplies Payments Cards w/Digital PIN Solution for C-zam to Carrefour

Gemalto is supplying Carrefour’s Market Pay with payment cards and a Digital PIN solution for C-zam. This new ‘boxed’ account is available on the shelves of over 3,000 Carrefour French retail stores since 18 April. Once the account has been opened, the card’s PIN code is delivered safely and swiftly via mobile app or website…

Perfect Storm Forms for U.S. Bank Credit Card Issuers Mid-Year 2017

The stage is set for rough seas for the U.S. card industry going forward. Three indicators signal risk new account bookings surged since 2011; active credit card lines now exceed $3.4 trillion; and 30-day credit card delinquency deteriorated in first quarter 2017. Exceeding year’s pace, Chase opened up 2.5 million accounts in 1Q/17, compared to…

V+MA+AXP+DFS Q1 U.S. CC GDV – V +20% AXP -6%

Gross dollar volume (GDV) for Visa, Mastercard, American Express and Discover credit cards (CC) in the U.S. climbed 9.4% year-on-year (YOY) in 1Q/17 reaching $793 billion, according to CardData. Visa led the way in the first quarter posting a 19.8% YOY gain for U.S. GDV, offsetting the American Express decline. Visa reported first quarter U.S.…

V+MA Q1 Canada PDV Solid Double-Digits FX YOY Growth Driven by MA

Purchase dollar volume (PDV) in Canada for Visa and Mastercard posted strong performance in the first quarter (1Q/17) up 16.4% year-on-year (YOY). Canadian cards-in-force (CIF) increased 5.9% YOY to 108 million, according to CardData. For 1Q/17, Visa posted a 430 basis points (bps) increase YOY in PDV, while Mastercard reported a 370 bps YOY PDV…