CardWeb.com’s CardConferences today features the INSIDE BITCOINS CHICAGO conference, July 10-11 at Navy Pier in Chicago.
CardWeb.com’s CardPixes database of more than 7,000 images today features the UMB Hello Kitty Visa card.
In today’s CardFlash News Que: TSYS (INVEX); CARDVERIFY.NET (security); ALMA BANK (mobile); BLUEFIN (P2PE).
The primary second quarter earnings season for payment card industry gets underway on July 14, before the market open, with reports from Chase and Wells Fargo, according to CardData. Visa is slated to report July 23rd after the market close, while MasterCard will release on July 29 before the market open.
One of the nation’s largest commercial card issuer is expected to report $17.8 billion in outstandings and $16.8 billion in purchase dollar volume (PDV) for the second quarter, according to RAM Research. CardData reports U.S. Bank posted an 6.3% year-on-year (YOY) increase in purchase dollar volume (PDV) in the first quarter (Q1/15).
While Chase struggles with growth in credit card outstandings of less than 2% year-on-year (YOY), gains in purchase dollar volume (PDV) remain strong rising nearly 8% YOY, according to CardData. RAM Research projects Chase credit card Q2 PDV will come in at $127.3 billion.
While the nation’s second largest Visa and MasterCard has been experiencing slight erosion in credit card outstandings year-on-year (YOY), and sluggish growth in purchase dollar volume (PDV), credit card issuance for Bank of America (BofA) remains strong, according to CardData. Forecaster RAM Research expects credit card outstandings to be $89.1 billion for Q2, a slight gain YOY.
Beijing-based Bank of Ningbo has gone live with NCR Mobile Cash Withdrawal. The software-based solution allows customers to pre-stage a cash withdrawal using Bank of Ningbo’s mobile banking application and then completes the transaction by scanning a 2D barcode using their mobile phone’s camera.
PayPal is picking up Xoom for $890 million. Xoom is a specialist in international remittances enabling customers in the US to send money to, and pay bills for, family and friends around the world in a secure, fast and cost-effective way, using their mobile phones, tablets or computers.
UK-based eMerchantPay has joined the UATP Network as a Master Merchant to help online travel agencies and booking engines reach out to new business travel customers by accepting UATP.
Jack Henry has acquired AL-based Bayside Business Solutions, a provider of complete portfolio management systems for commercial lenders and industry leader in providing factoring software.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Philip Fayer, President and Chief Executive Officer of Pivotal Payments.