CardWeb.com’s CardData financial database projects bank credit charge-offs among the nation’s top four Visa and MasterCard (V/M) issuers will decline four bps for the third quarter to 3.20%. Chase and Citi report Q3 results on October 14th before the market opening. BofA reports October 15th before the market opening. Cap One reports October 16th after the market close.
Equifax has released FICO Score 9 which offers more nuanced ways to assess consumer collection information, bypassing paid collection agency accounts and offering a sophisticated treatment differentiating medical from non-medical collection agency accounts.
New analysis suggests ApplePay will be the first step towards accelerating mobile payment takeup – similar to what Apple did with digital music – making it affordable and accessible. But, while others have promised to replace our physical wallets with digital equivalents, none has managed to muster mainstream success.
Spain’s CaixaBank is deploying Gemalto’s Optelio Contactless MiniTag payments wristband. The wearable devices market is booming, with around 70 million units projected to be sold in 2017..
GA-based Ingo Money and TN-based Advance Financial are launching a co-branded, consumer-direct mobile application to digitize check cashing transactions. Ingo for Advance Financial will debut before year’s end.
Mexico’s Banco del Bajío has inked a deal to license the TSYS’ PRIME 4 card management solution. The agreement represents TSYS’ first PRIME 4 signing in the Mexican market.
CardWeb.com’s CardExecs database of card industry movers and shakers today features Steven Laub, President and Chief Executive Officer of Atmel. The Company specializes in the design and manufacture of microcontrollers, capacitive touch solutions, advanced logic, mixed-signal, nonvolatile memory and radio frequency (RF) components.
While a data breach can be costly to financial institutions it also represents a silver lining for card manufacturing. As a result, instant issuance solutions are taking off.
Elan Financial Services has signed a deal to provide ATM and card processing for Austin, TX-based Crystal Clear Payments’ community financial institution customers.
CardWeb.com’s CardExecs database of card industry movers and shakers today features Lynne Laube, President, COO & Co-Founder of Cardlytics. The Company developed a suite of technologies that enabled banks to leverage consumer purchase data, ensure privacy for their customers and optimize a growing new channel ” online and mobile banking.
NY-based ERP software provider, VAI, has entered into a business relationship with Comdata. S2K customers will now be able to turn their payments center into a profit center via fully automated payment processing capabilities, cash incentives and seamless ERP integration.
The Ethoca global network has added more alerts from card issuers in new geographies, expanded debit and credit portfolios and new data sources, including disputes from customer service issues