New research/survey shows 64% begin their shopping journey on online marketplaces compared to 48% on merchant websites, 40% on search and 25% on social media, Respondents ranked trust as the number one factor on whether they chose to complete an online purchase
TrustCommerce has inked a deal with Ungerboeck for event management software for conventions, exhibitions, conferences, associations, universities, stadia, arenas and theaters.
CardWeb.com’s CardData Reports today features the Private Label Credit Cards by Packaged Facts.
San Francisco’s beloved Consumer Action, funded by Visa, has created “A consumer’s guide to ‘chip’ cards,” a free publication designed to help credit and debit cardholders understand why the transition is taking place, how the checkout process will change, what consumer protections they will have and where to get more information.
In today’s CardFlash News Que: ACI (Celent); APPLE PAY (Pei Wei); MASTERCARD (India ActionAID); and GEMALTO (HSM).
Fraud losses incurred by banks and merchants on all credit, debit, and prepaid general purpose and private label payment cards issued worldwide reached $16.31 billion last year when global card volume totaled $28.844 trillion. This means that for every $100 in volume, 5.65¢ was fraudulent.
Visa and MasterCard U.S. credit card gross dollar volume (GDV) remained a solid 9.9% year-on-year (YOY) gain in the second quarter (2Q/15). U.S. debit card GDV edged up 6.2% YOY. Visa leads the credit card segment and MasterCard leads the U.S. debit card vertical in YOY gains, according to CardData.
The average U.S. 90+ day delinquency rate among the nation’s four largest issuers declined 9 basis points (bps) sequentially, to a record low of 0.92% for the second quarter, compared to 1.01% in the prior quarter and 1.00% one-year ago.
PayPal has ankled John Rainey as its new Chief Financial Officer, effective August 24, 2015. Rainey joins PayPal from United Continental Holdings, where he was Executive Vice President and CFO at United Airlines.
American Banknote in partnership with Above Mobile has rolled-out the first complete wallet application for Android users, with the addition of ABnote’s secure mobile payments platform to PassWallet.
Flint Mobile, a mobile payment service that allows small businesses, freelancers and non-profits to get paid by credit card through a free mobile app that requires no external card reader, has added enhancements to its iOS app that leverage Apple’s expanding digital wallet ecosystem.
Green Dot continues on a roll with gross dollar volume soaring by 10.9% year-on-year (YOY).Total operating revenues on a generally accepted accounting principles (GAAP) basis increased 16% to $170.2 million for the second quarter of 2015 from $147.0 million for the second quarter of 2014