Chase reported purchase dollar volume (PDV) in the first quarter of $112.8 billion, up 7.9% year-on-year (Y/Y). The number of active credit card accounts also ticked up to 32.5 million, a 4.8% increase over first quarter 2014.
Wells Fargo Credit card first quarter outstandings were down 3% QOQ to $30.08 billion on seasonality, but up 15% YOY reflecting new account growth and growth in private label and co-brand outstandings driven by the card portfolio acquisition in 4Q14.
eBay continues to rejigger the upstair suits as it prepares for the separation of eBay and PayPal into independent publicly traded companies in the second half of 2015.
PreCash has inked a partnership with ProPack, developer of the productivity toolbox app for Android devices, to include its Evolve Money bill pay application in ProPack’s productivity bundles.
Sionic Mobile has ankled Spencer White as Chief Operating Officer and EVP Business Development. With more than 25 years experience, White co-founded Softcard (the AT&T, Verizon and T-Mobile mobile wallet joint venture – formerly Isis) whose technology was recently purchased by Google.
CardWeb.com’s CardConferences today features the CARDS & PAYMENTS MIDDLE EAST 2015, conference, May 12-13 at the Dubai International Convention & Exhibition Centre in Dubai.
Rent payments via mobile devices continues to pick up steam for convenience as well as reporting each on-time rent payment to major credit bureaus. Missouri’s FasterHouse is the latest to jump on the RentTrack bandwagon.
YapStone ankles Daniel Issen as Chief Technology Officer to lead the engineering and product delivery teams. YapStone is a provider of web and mobile payment technology solutions whose platform powers electronic payments for global online and mobile marketplaces.
CardWeb.com’s CardData database of Company Profiles features QSR payments specialist Tillster. Perse Faily is the CEO and President.
CardWeb.com’s CardWatch database of more than 57,000 marketing items today features the Santander “123 Credit Card Advert with Jessica Ennis-Hill.”
Atlanta-based Ingo Money, pioneer of instant, guaranteed mobile check cashing, announced today that it has received additional growth capital totaling $13.5 million. The company intends to use these funds to finance its operations and fuel accelerating growth led by overwhelming demand for its mobile check cashing and risk management platform.
CareFirst BlueCross BlueShield (CareFirst) is now enabling members to pay their healthcare premiums in person via Fiserv’s CheckFreePay solution. CareFirst offers health insurance products and administrative services to 3.4 million individuals and groups in Maryland, the District of Columbia and Northern Virginia.