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.
The Top 5 U.S. Visa and MasterCard credit card issuers had a 64% 2014 marketshare based on U.S. Purchase Dollar Volume (PDV). Credit card king, Chase, captured 25.5% of the U.S. bank credit card market last year, more than double its closest competitor BofA.
Gross dollar volume (GDV) for licensees of Discover-owned Diners Club International is projected to rise 1.6% year-on-year (YOY) in the first quarter. Forecaster RAM Research expects Diners Q1 GDV to come in at $6.6 billion.
The world’s biggest taxi solution for consumers and businesses, currently available in more than 30 countries across four continents is running a prefer Visa campaign. Easy Taxi says Singapore has seen the second highest daily number of cashless transactions via Visa, just behind Brazil, where Easy Taxi is operational in almost 100 cities.
NY-based CardFlight is shipping its new EMV-ready chip card readers to resellers for its SwipeSimple mobile point of sale solution. The Company also announced POS Portal will be a launch partner in distributing CardFlight’s EMV-ready solutions.
Bitnet and CardinalCommerce are teaming to make immediately available the ability for merchants to accept online payments using bitcoin. One Connection to Cardinal’s patented platform allows merchants to accept payments from dozens of digital wallets and alternative payment brands.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Angela Brown, President and Chief Executive Officer of Moneris Solutions.
Montreal-based DebitWay is making the way for medicinal marijuana payments with a partnership with medpotnow.com. The Canadian alternative payment service provider (PSP) has partnered with numerous electronic “high risk” merchants over the years, from a diverse number of industry types.
In today’s CardFlash News Que: STRAWHECKER (Branding); Fiserv (Tokenization); USAEPAY (Sage Payments); and Zchex (High Risk).
CardWeb.com’s CardPixes database of more than 7,000 images today features the BBVA Compass NBA American Express Card.
Australia’s Kounta, a cloud based POS system with customers throughout Asia and the Pacific, Europe, South Africa and America, has inked a strategic partnership with US-based beaconized payments platform, Pay With Drop.
CardWeb.com’s CardWatch database of more than 57,000 marketing items today features the Walmart Credit Card ‘Own the Season’ TV ad.