Capital One’s (COF) international credit card business profits collapsed over the past year, falling by 48% from fourth quarter 2013. However, Purchase Dollar Volume (PDV) rose 36% to $5.3 billion, compared to $3.9 billion one-year ago.
Former Visa CEO Joe Saunders has joined the Board of CA-based Payoff, a technology-enabled, consumer-focused financial services company. Startup Payoff also snagged Arianna Huffington for its Board.
BlueSnap launched BuyNow Builder, a tool that allows merchants to customize the settings and appearance of their global hosted checkout page.
CA-based MoneyThumb introduces specialized conversion tools to import PDF bank and credit card statements for small business tax preparation.
San Francisco-based LoungeBuddy now enables travelers passing through ALD’s The Club Airport Lounge locations in the USA to instantly purchase lounge access through the LoungeBuddy mobile App using Apple Pay or a major credit card.
AZ-based Electronic Commerce International (ECI) has hopped on the Apple Pay bandwagon. Small and mid-sized merchants can now take advantage of this fast and secure in-store payment method via ECI.
CardWeb.com’s CardWatch database of more than 57,000 marketing items today features the Visa Checkout “Eye on the Ball” television ad.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Drew Mize, Chief Operating Officer of Pinnacle Corporation.
The Electronic Payments Association announced that Jason Dorsey, Chief Strategy Officer at The Center for Generational Kinetics, and “Meet the Press” moderator Chuck Todd will serve as the keynote speakers for the PAYMENTS 2015 conference on April 19-22 in New Orleans.
Prepaid card king Blackhawk Network launched a new division dedicated to providing customized engagement, incentive and rebate programs for consumers, employees and sales channels.
SIX Payment Services saw online transaction volumes rise in 2014 alongside constant increases in traditional card payments using credit and debit cards at the point of sale. The range and volume of payment transactions made online, in high street stores and through a variety of other locations offering goods and services continued to expand in tandem with technical innovations. Mobile wallets, which became a hot topic in 2014, are likely to gain momentum in 2015 with the launch of Apple Pay. We also anticipate that NFC payments (near field communication) and omni-channel solutions will effectively remove the dividing line between online and offline activities. SIX Payment Services saw global transaction volumes increase 10%, rising from 1.195 billion in 2013 to 1.315 billion in 2014. The total transaction volume (MSV) amounted to EUR 57.5 billion. Almost half the transactions (48%) came from the international business of SIX. The number of cards processed increased by 2% to 25.7 million in 2014.
U.S. bank credit card Purchase Dollar Volume (PDV) for the four biggest issuers climbed 8.4% year-on-year (Y/Y) in Q4. The growth was driven by Capital One and Chase, up 15.5% and 9.8% Y/Y, respectively.