The total U.S. credit card outstandings market of $884 billion at EOY 2014, rose nearly 5% YOY, with most of the robust growth coming from smaller banks and credit unions. Two of the largest issuers grabbed double digit shares: Chase with 14.4% and Bank of America with 10.4%.
Visa and MasterCard control 98% of the U.S. debit and bank-issued prepaid card market and it continues to grow faster than credit cards by 210 basis points (bps). RAM Research projects U.S. debit and prepaid Gross Dollar Volume (GDV) will grow from $2.6 trillion this year to $3.5 trillion for 2019.
San Francisco-base Boku has launched direct carrier billing with the top five carriers in Taiwan: Chunghwa Telecom, Far EasTone, Taiwan Mobile, Asia Pacific Telecom, and Taiwan Star.
Google has added Dunkin Donuts and Seamless to Android users of Google Wallet. Dunkin’ Donuts guests can recharge their cards with a couple of clicks (no card rekeying) and Seamless customers will start to see the Google Wallet payment option available in their Android app, for an array of 80+ cuisine types.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Keith Birdsong, Chief Technology Officer of Pivotal Payments.
Online pre-orders for the new Apple Watch begin today but there is already a back log of four to six weeks. Meanwhile, Coupons.com has developed the first-of-its-kind savings and digital promotions app for the Apple Watch.
The payment industry earnings season kickoffs on April 14th with the release of first quarter for Chase and Wells Fargo. RAM Research’s DataDates says all of the big issuers will report over a period of seven consecutive business days in April.
CardWeb.com’s CardPixes database of more than 7,000 images today features the EqualityCard Visa issued by First American State Bank.
CardWeb.com’s CardData database of Company Profiles features debit card services provider DebitWay.
CardWeb.com’s CardConferences today features the Wearable Tech Conference & Expo, featuring FAST (Fitness & Sport Wearable Tech Conference), July 13 – 15, 2015, at the Jacob Javits Center in New York, New York. The event’s agenda will provide attendees with new perspectives on wearable tech devices and technology.
CardWeb.com’s CardData database of Company Profiles features software solutions provider to the broadband, telecom, and utility service provider NuTEQ Solutions.
NuTEQ enables carriers to bring their customer service initiatives into the mobile era. We help you by implementing state-of-the-art mobile phone solutions that use SMS, mobile apps to deflect calls around common account questions.
NuTEQ provides not only mobile technology implementation, but also the marketing know-how and optimization expertise to ensure long-term benefits to your business.
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