Visa’s average ticket (TIX) per point-of-sale (POS) purchase has been rock solid for the past five years. According to CardData, the Visa average TIX for full-year 2014 for credit cards is $84.18 and $37.57 for debit cards, down 60 cents and up 48 cents respectively, compared to 2010.
The nation’s fourth largest Visa and MasterCard issuer ended 2014 with declining outstandings, below industry average purchase dollar volume (PDV) and a slight uptick in delinquencies, but profits remained flat sequentially. Forecaster RAM Research projects Citibank (Citi) will post $64.1 billion in outstandings and $41.1 billion in PDV for the first quarter.
FIS has opened its fourth payments innovation lab to serve as a hotbed for the continued development of the Company’s disruptive digital and mobile capabilities, as well as shorten time-to-market for new applications.
Austin-based Mozido joins in mezzanine funding for IdentityMind Global, a risk management platform for e-commerce and regulatory compliance. The investment will also integrate IdentityMind’s technology into Mozido’s MoTEAF platform, a cloud-based mobile payments ecosystem.
TSYS’ ProPay has rolled-out a suite of services designed to simplify and enable payment facilitators with aggregation and traditional payment processing services. The new ProFac Express product offers
online application/boarding; underwriting services/risk management; and processing capabilities.
Amazon launched its Dash Button service enabling consumers to buy products they frequently purchase with the push of a physical button at the point-of-need (PON). Amazon then quickly delivers the household favorites. The new service is available to Prime clients by using the Amazon app on a smartphone to connect Dash Button to the home Wi-Fi.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Dr. Dimitrios Karayiannis serves as Chief Development Officer, Executive Vice President of Research & Development and System Solutions of INSIDE Secure.
CardWeb.com’s CardConferences today features the The Southeast Acquirers’ Association (SEAA) Annual Conference, April 20-22 at the New Orleans Marriott, New Orleans. The focus is education and providing information on current issues concerning the “feet on the street” sales agents in the electronic payments industry.
CardWeb.com’s CardPixes database of more than 7,000 images today features the Hawaiian Airlines World Elite MasterCard.
In today’s CardFlash News Que: ETA (Transact); Powa (Nobly POS); CHARGEBACKS911 (Fraud); and VERIFONE (TransFirst).
Clearent is offering mobile payment acceptance solutions to Clearent’s sales partners and merchants. Launched in 2014, SwipeSimple includes encrypted mobile card readers, payment acceptance applications for iOS and Android devices, a real-time reporting and administrative dashboard for merchants and a reseller portal for easy onboarding and portfolio management.
CardWeb.com’s CardData database of Company Profiles today features processor Synchrony Financial. The Company is the largest provider of private label credit cards in the U.S.