IL-based Infinite Peripherals has ankled payment industry veteran Tom McCole to the newly created position of mobile commerce strategy director.
In today’s CardFlash News Que: Westlake Financial (ACI); NCR (Waffle House); PaySimple (RainMaker); and Smart Aisle (Foodies).
While the Chase credit card portfolio has consistently posted robust purchase dollar volume (PDV), outstandings declined between 2009 and 2013, with a compound annual growth rate (CAGR) of -1.24%, according to CardData. However, Chase turned the corner last year with a 2.5% year-on-year (YOY) gain.
American Express global Purchase Dollar Volume (PDV) is growing 5.9% annually, compared to an average of 6.7% for its peer group: the four top U.S.-based networks. RAM Research forecasts Q1 global PDV will slightly exceed $253 billion.
Visa has embarked on a 20-city tour to educate small businesses and consumers EMV. Visa is also hosting webinars and recently launched an online toolkit to help U.S. businesses make the EMV transition.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Diane Jackson, VP of Business Development and Strategic Marketing of CPI.
Synchrony Financial’s CareCredit card has gone digital, enabling mobile payment functionality for all CareCredit cardholders and providers. The CareCredit card has 9 million cardholders that connects 186,000 healthcare providers.
OH-based Diebold has acquired Ontario-based ATM software developer Phoenix Interactive Design. Phoenix’s FI clients include TD Canada Trust, National Australia Bank Group and Fifth Third Bank.
In today’s CardFlash News Que: Entersekt (CNP); Reportbuyer (XaaS); Nexonia (Microsoft Dynamics); and pcipolicyportal.com (PCI Toolkit).
The 30+ day delinquency ratio continues to hover at a 25+ year low and charge-offs for the past two quarters hit the lowest level since 1986. However, both metrics may be headed higher this year as Q3 and Q4 metrics among the biggest issuers uptick.
Visa and MasterCard credit, debit and prepaid cards around the world will likely top 3.9 billion or up 4.5% in the first quarter according to forecaster RAM Research. Visa will end the quarter with about 2411 million and MasterCard with 1488 million cards-in-force (CIF).
Hackers hit pay dirt with the recent credit card system breach of upscale hospitality chain Mandarin Oriental Hotel Group. Considering the hotel’s wealthy clientele, many of hacked cards have very high or no credit limits.