CardWeb.com’s CardData Reports today features the “What Apple Watch Means For Banking and Payments” report from Javelin Strategy & Research.
Gross or open accounts (GAC) for U.S. credit cards among the nation’s four largest issuers climbed 2.0% in the second quarter to 187.4 million, compared to 183.7 million one-year ago. The growth is driven by Capital One, while Chase, Bank of America (BofA) and Citibank face year-on-year (YOY) and quarter-to-quarter (QOQ) GAC erosion. However, BofA posted a slight YOY gain.
U.S. bank credit card active accounts (accounts with sales activity), among the top six U.S. issuers, grew 1.4% year-on-year (YOY) and flat quarter-to-quarter (QOQ) in the second quarter. This comes despite the slight erosion in gross accounts by Bank of America and Citibank.
Green Dot announced a new cash processing technology enabling customers to securely and conveniently add cash to their accounts at participating retailers using their mobile device. This service leverages Green Dot’s new mobile and web-enabled barcode generation system and thousands of Green Dot retail locations to provide a new cash-loading option.
The ATM Industry Association (ATMIA) has released a new research paper, “U.S. Mobile Payments: Do They Disrupt Cash?” which examines the impact of mobile payments on the growth of cash. Despite all the attention it receives, mobile payments still account for only a very small fraction of retail in-store payments.
MasterCard is firmly aboard the Samsung Pay bandwagon and ready for the September 28 launch. Earlier this year at Mobile World Congress, MasterCard announced its global partnership with Samsung to bring Samsung Pay to MasterCard cardholders and just last month we shared the news says it will be powering Samsung Pay when it launches in Europe.
While lagging a bit on introducing Apple Pay, Discover is jumping on the Samsung Pay train big time. Discover cardmembers will obtain access to Samsung Pay in 2016.
The Secure Remote Payment Council (SRPc) has just released its third position paper which tackles some of the issues related to tokenization, and challenges conventional thinking about the safety and security of token vaults.
Experience Advertising has launched the vCita platform to facilitate their client scheduling, online payment processing, client management, and document sharing.
EMV chip card payments consultancy FIME is the first to have its chip card personalization validation services and POS/ATM certification test platform approved by the Debit Network Alliance (DNA) under its recently established DNA Shared Debit AID certification program.
The Debit Network Alliance (DNA) ” comprised of 10 leading U.S. debit networks ” announced it is ready to deploy the DNA Shared Debit AID.
Bluepoint Solutions has inked a deal with Mitek. Bluepoint’s mobile remote deposit capture (RDC) solution, QwikDeposit ToGo, will now include Mitek MiSnap for automated mobile check capture.