U.S. Credit Cards-in-Force (CIF) among the Top 4 issuers were slipped 0.5% year-on-year (YOY) at the end of the third quarter, down 1.1 million (estimated) cards to 229.9 million cards.
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.
Seoul-based Bluebird has unleashed five brand new products on the payments market. The new gizmos include the EF500, EF500R, ET100, RT100, and MT280.
U.S. Gross Dollar Volume (GDV) among the big six U.S. bank card issuers, rose an estimated 6.8% year-on-year (YOY) and 0.6% sequentially in the third quarter.
U.S. Gross Dollar Volume (GDV) among the top four bank card issuers, rose an estimated 8.8% year-on-year (YOY) and 1.2% sequentially in the third quarter.
Total U.S. credit cards-in-force (CIF) in the third quarter (3Q/15) for Visa, MasterCard, American Express and Discover was up 6.0% year-on-year (YOY). At the end of 3Q/15, there were 635 million U.S. credit CIF compared to 599 million for 3Q/14.
A new survey shows the number of Canadians who have purchased and/or received gift cards in the last year, has grown from 68% five years ago to 87%. More than half of respondents who purchased a gift card in the past year bought four or more cards.
As the European Banking Authority (EBA) develops its Regulatory Technical Standards, and as the EU Member States consider the detail of PSD2, any regulation governing online payments should enable and encourage the e-commerce sector to balance the twin considerations of risk and convenience (otherwise growth would be stifled and costs would increase).
SC-based Uphold is now enabling U.S. members to fund their Uphold accounts by linking their bank accounts, debit or credit cards, in addition to bitcoin.
Fiserv and Early Warning have partnered to expand the availability of real-time capabilities in the U.S. The partnership will initially facilitate real-time bill payment and deposit capabilities for users of the NOW Network from Fiserv or the good funds network from Early Warning.
Visa and Visa Europe have inked a definitive agreement for Visa to acquire Visa Europe, creating a single global company. The transaction consists of upfront consideration of €16.5 billion with the potential for an additional earn-out of up to €4.7 billion payable following the fourth anniversary of closing, for a total value of up to €21.2 billion.
Dozens of U.S. cities had chargeback rates that exceeded the 1% threshold set by Visa and MasterCard. Within the Northeast region, there are 10 cities/ZIP codes with the highest chargeback statistics.