Biometrics Market to Grow 12% CAGR Driven by Untrustworthy Passwords

Biometrics involves identification and verification of physical traits such as fingerprints, hand geometry, face recognition, and iris recognition, and behavioral traits such as keystroke patterns, signature, and voice recognition. Its application to the payments industry and the replacement of old-school passwords cannot be understated. With double-digit growth, biometrics is a potentially explosive sector with payments.…

High Quality Payments Innovation Summit Coming to Frisco in November

The Payments Innovation Summit, produced by UK-based Argyle’s Innovation Enterprise, is slated for November 9 and 10 in San Francisco. More than 150 top level payments and commerce professionals are expected to attend. There will more than 25 industry expert keynote presentations and over 20 case studies presented from Fortune 500 companies. Topics covered are from the…

Buying Bitcoin Gets Easier to Buy & Resumes Acceptance Traction in 2017

    There are more than 300 ways to Sunday to purchase bitcoins and two firms offer a ton of options to buy, including major credit cards. One company recently is testing bitcoin linked in-game to fantasy sports. PAXFUL U.S.-based peer-to-peer bitcoin technologists Paxful unveiled a new widget, allowing anyone to buy bitcoin worldwide instantly…

Global Payment Cards (V+MA+AXP+DFS) Tops 5 Billion Up 6% YOY

Global payment cards-in force (CIF) [credit + debit] grew by 19.2% year-on-year (YOY) in the fourth quarter (4Q/16) to 4995 million. However, the figure for 4Q/16 includes 554 million for Visa Europe. (Visa added Visa Europe data as of 3Q/16.) Therefore, discounting Europe, the growth in global CIF was 6.0% YOY, adjusted, according to CardData.…

EMV Boom Ends – Verifone Looks to Become Device + Services Provider

The slowdown in EMV continues to drag on Verifone’s performance for the first fiscal quarter, ended 1/31/17, (1Q/17). However, the Company notes this year it will launch the next generation devices and services. By scaling these new devices and connecting them with Verifone’s expanded services, the Company hopes it will establish platforms powering the future of…

What is Behind the Recent Upticks in Bank Credit Card Delinquency & Charge-Offs?

There are growing concerns in the U.S. bank credit card market regarding the 2017 outlook for delinquencies and charge-offs. All the Top 4 issuers (Chase, Capital One, Bank of America and Citibank) reported slight upticks in the fourth quarter in both metrics. The Top 100 banks reported the seasonally adjusted (SA) credit card charge-off ratio…