CardWeb.com’s CardConferences today features the TRANSACT 2015 event, March 31 – April 2 at the Moscone Center in San Francisco, California. This is major payments event and starts tomorrow.
In today’s CardFlash News Que: PIVOTAL (Hire Heroes); VELCRO PAY (Insider’s Guide); MOBILEND (Acculynk); and Crane Payment (SCR).
Next week FIS will become the first provider to offer fingerprint access to its Cardless Cash ATM application when it allows fingerprint authentication. The FIS One-touch CardLess Cash is revolutionary in the U.S. market.
Standing joke: Got a heartbeat and a phone and hopefully a job? – you can likely qualify for a store credit card. The largest provider of private label credit cards in the U.S. is enabling consumers to complete a card application from with a mobile phone.
In today’s CardFlash News Que: FORTER (CNP); ACCULYNK (PaySecure); BBVA (Award); and POWA (Banq POS).
CardWeb.com’s CardConferences today features the TRANSACT 2015 event, March 31 – April 2 at the Moscone Center in San Francisco, California. This is the paramount event in payments and technology.
CardWeb.com’s CardData Reports today features the “Insight Report: Best Practice in Frequent Flyer Credit Cards” report. This report analyzes emerging trends and industry best practices in offering credit cards targeted at frequent flyers.
CardWeb.com’s CardWatch database of more than 57,000 marketing items today features the MasterCard “Priceless Lessons – Egypt” TV ad.
The Top 50 U.S. Visa and MasterCard credit card issuers captured a 92% market share of 2014 U.S. Purchase Dollar Volume (PDV). The powerhouse Top 10 grabbed 83% of American consumer and business Visa and MasterCard purchases last year, according to CardData.
Late stage delinquency among the nation’s Big 6 issuers will be pushed higher in 2015 as 30 day to 89 day delinquency begins its climb in the first quarter. Forecaster RAM Research projects 90+ day delinquency among the Big 6 will inch up from an average of 99 basis points (bps) in Q4/14 to 105 bps by end-of-year (EOY) 2015.
A general purpose prepaid card with employee spend controls for business owners has entered the U.S. market. San Francisco startup Bento for Business is now offering a prepaid commercial MasterCard.
As expected the Consumer Financial Protection Bureau (CFPB) posse is circling the wagons of the payday loan industry. The CFPB says this week its mission is to end payday debt traps by requiring lenders to take steps to make sure consumers can repay their loans and not make loans on purely on the ability to collect from consumers.