V+M 3Q US PTX
Purchase transactions (PTX) for Visa and MasterCard credit and debit cards in the U.S. grew by 11.2% year-on-year (YOY) in the third quarter to 19.439 billion.
Purchase transactions (PTX) for Visa and MasterCard credit and debit cards in the U.S. grew by 11.2% year-on-year (YOY) in the third quarter to 19.439 billion.
Gross or open accounts (GAC) for U.S. credit cards among the Big 6 U.S issuers climbed 2.4% year-on-year (YOY) in the third quarter (3Q/15) to 272.0 million, compared to 269.1 million in the prior quarter, and 265.7 million one-year ago.
Bank credit card rates will begin to trickle upward next month in the wake of the Federal Open Market Committee (FOMA) decision to raise short-term rates by 25 basis points (bps). It is likely credit card rates in the first quarter will return to 2010 levels.
Verifone has added another gizmo to its mobile point-of-sale (mPOS) portfolio. The new Verifone e265 offers independent and micro merchants the flexibility to accept all major payment types and integrate with smart devices for value-added commerce capabilities.
The bank card default rate increased 16 basis points (bps) in November from the previous month, to 2.91%. For all consumer credit the composite ratio was 0.97% in November, up three bps from the previous month.
A pilot program to provide credit cards to “credit invisible” consumers who have been shut out from certain banking services because of their nonexistent or insufficient credit history with the traditional reporting agencies is now available.
Samsung Pay now supports 50 popular merchant gift cards as well as a gift card store that enables users to buy gift cards from supported merchants for themselves, friends and family directly within the Samsung Pay app starting today.
Since launching in August in Korea, Samsung Pay has reached KRW 250 billion in accumulated transaction volume and over 10 million in accumulated number of transactions. This week Samsung Pay has expanded to transportation.
Utrecht-based Equens is expanding its product portfolio to include an end-to-end pan-European instant payment service. The delivery to the market of the first components is scheduled for the second quarter.
Clip, empowering merchants to accept all payment methods in Mexico has snagged another US$8 million in funding.
The first practice-management software offering a Patient Pay-by-Text option to dental offices nationwide has arrived.