TrialPay, a privately held company with an offers platform that connects merchants with millions of consumers through targeted promotions is being acquired by Visa.
MasterCard has formed a global partnership with Cubic Transportation Systems to create a better transit experience. As part of the agreement, MasterPass, MasterCard’s secure digital payment service, will be integrated with Cubic’s NextWave ticketing and journey planning app.
The number of Visa and MasterCard credit and debit cards-in-force (CIF) in the U.S. grew by 8.0% year-on-year (Y/Y) in the fourth quarter. The CIF will likely hit 1144 million in the first quarter, according to forecaster RAM Research.
Credit card lending among credit unions reached an all-time high in 2014, now claiming a 5.3% share of the U.S. card market, based on outstandings.
Equifax has opened up its treasure trove of consumer credit statistics drawn from its consumer credit database of more than 210 million consumers. Investors will now have access to a special subset of data from the company’s National Consumer Credit Trends Report.
Detroit-based International Bancard has ankled Kimberly Tippin as its Vice President of Operations. Tippin brings 20 years of experience to the company’s client service team.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Talbott Roche, President of the Blackhawk Network.
Detroit-based International Bancard has ankled Joshua Dean as its Chief Marketing Officer. Dean brings 15 years of business, technology, and executive experience to the Company.
American Express is beefing-up its Premier Rewards Gold Card with 2x Membership Rewards points for purchases at U.S. restaurants, a $100 airline fee credit for incidental charges such as baggage fees, and a personalized travel service.
High risk credit card processor Netcom PaySystem has launched a new website geared specifically toward those who are considered medium or high risk, are high-volume industries, have owners with poor or bad credit or are in need of an international processing account.
The number of open U.S. credit card accounts among the top four issuers was essentially flat for all of 2014, rising 0.6% year-on-year (Y/Y), but declining 0.6% quarter-to-quarter (Q/Q). While the top two issuers lost ground last year, Capital One is the only issuer with real account growth.
The average U.S. 90+ day delinquency rate among the nation’s four largest issuers declined 12 basis points (bps) to 1.04% during 2014. The top 100 U.S. banks also posted a 13 bps decline last year to 1.08%.