AT&T is back in the card game teaming with Citibank to offer the AT&T Access More card. Cardholders can get a new smartphone right away, or whenever they are ready, and earn a reimbursement for the cost of the phone.
eBay released Magento Enterprise Edition 1.14.2, a Braintree extension, plus New Relic and Cloud partnerships. The combination
gives retailers greater insight into their businesses, enhance their payment and merchandising capabilities, provide an expanded mobile toolset, and offer more cloud hosting options.
In today’s CardFlash News Que: THREATMETRIX (award); DEBIT WAY (expansion); BLUEFIN (Paydunk); and COMPARECARDS (evolve24).
eBay’s PayPal net total payment volume (TPV) for the first quarter grew 18% year-on-year (YOY) to $61.4 billion. PayPal gained 3.7 million new active registered accounts to end the quarter at 165.2 million, up 11%
Purchase Dollar Volume (PDV) for Visa, MasterCard, Discover and American Express U.S. debit cards is expected to reach $2.7 trillion annually by year-end 2019. According to forecaster RAM Research, the U.S. PDV for the U.S. debit card industry is growing at a CAGR of 7.70%.
Discover’s credit card outstandings continued strong in the first quarter rising 5.1% as Purchase Dollar Volume (PDV) rose 2.7%, year-on-year (YOY). While all other credit card metrics remained stable, overall net income for Q1/15 declined 7.1% YOY to $586 million.
Gross Dollar Volume (GDV) for Visa, MasterCard, Discover and American Express U.S. credit cards is expected to top $4 trillion annually by year-end 2019. According to forecaster RAM Research, the U.S. GDV for the U.S. credit card industry is growing at a CAGR of 9.23%.
A new study reveals PayPal is already feeling the heat of Apple Pay in just the first six months. The pain will only get worse as more consumers indicate they prefer mobile payments over digital payments.
Data leaks and phishing attacks continued unabated. Account information (40%) was the primary target of hackers in 2014, followed by credit card information (20%). The United States was hit harder than any other country when it came to data breaches.
While some Apple Pay critics scoff at the low number of retailer locations available as its coming demise, others argue that writing off Apple Pay for its slow initial adoption misses the forest for the trees.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Brooks Smith, President and CEO of InComm.
First Data inked an extended agreement with Sam’s Club to improve member access to First Data solutions and technologies. The deal will also aim to help members to understand the EMV migration.