CardWeb.com’s CardData Reports today features the The Cards and Payments Industry in India: Emerging Trends and Opportunities to 2019 report. The report provides values and volumes of a number of key performance indicators (KPIs) operating in the industry, including credit transfers, check payments, cash transactions, payment cards and direct debits during the review period (2010-2014).
USAA Technologies has landed a big upgraded contract with Southern Refreshment Services. The latest agreement builds on an already successful, 10-year relationship between the two companies.
Verifone is now using Thales nShield hardware security modules (HSMs) for its end-to-end payment encryption solution – VeriShield Total Protect – to provide robust, high speed, scalable crypto to protect card holder data, whether transmitted from a card or mobile device, right from the moment of capture.
CardWeb.com’s CardData database of Company Profiles features Meta Financial.
In today’s CardFlash News Que: WAUSAU (RDC); PAYSCOUT (STFS); MINTEL (college); and BANKRATE (millennials).
SD-based MetaBank entered into a multi-year agreement with Univision Communications, a media company serving Hispanic America, to be another issuer for its Univision MasterCard Prepaid Card.
The usage of mobile banking rises in the United States, more consumers are switching their primary financial institutions. Young adults and mobile banking users are most likely to switch, in part to gain more robust mobile banking services.
American Express U.S. Card Services reported first-quarter net income of $934 million, up 7% from $876 million a year ago. Total revenues net of interest expense increased 6 percent to $4.5 billion from $4.3 billion a year ago. The increase reflected a 7% rise in cardholder spending and higher net interest income.
Synchrony Financial reported its card platform revenue increased 5%, driven primarily by purchase volume growth of 10% and period-end loan receivables growth of 7%, with broad-based growth across partner programs. Payment Solutions platform revenue increased 8%, driven primarily by purchase volume growth of 10% and period-end loan receivables growth of 11%, with solid growth across industry segments led by home furnishings, automotive products, and power equipment.
Billtrust has raised $25 million in new funding, led by Goldman Sachs Private Capital Investing and existing investor Bain Capital Ventures.
InComm has partnered with KUBRA, a customer interaction management solution provider, to offer cash payment options to customers of KUBRA’s business clients. Through InComm’s Cashtie, a powerful API that links retail cash payments via an existing point-of-sale (POS) system to a software application, customers will soon be able to pay their bills in cash at the POS of over 40,000 conveniently located retail locations with many more on the horizon.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Ronald Herman, Founder/Chairman & CEO of Sionic Mobile.