A new survey finds 96% of millennials who have credit cards consider themselves financially responsible, yet 44% of those surveyed have either missed a payment, paid a late fee, exceeded their credit limit or had to work out a payment plan with a credit card company.
Ink from Chase, the Business Card portfolio from Chase Card Services, announced the rebrand and redesign of its Jot mobile application to the Ink app.
MasterCard has announced Japanese pro golfer, Hiroyuki Fujita, as its latest golf ambassador. Fujita also serves as the first Ambassador for Priceless Japan and will provide MasterCard cardholders privileged access to unique experiences.
U.S. Bank, the fifth largest U.S.bank, has selected Biller Advantage from Fiserv, which enables the bank’s business customers to provide electronic billing, presentment and payment (EBPP) options to their customers.
Zapper has teamed with Revel Systems to broaden the reach of their mobile payment technology for restaurants. Through Zapper, diners will be able to scan a QR code printed on their bill and pay from the app, without having to wait on their server.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Stuart Taylor, Vice President of Payment Solutions of Equinox Payments.
Nearly half (48%) of Gen X and baby boomers agree credit cards now function as a survival tool and 43% agree lots of smart, hardworking people who are careful with spending also have a lot of credit card debt.
Entrust Datacard has instantly issued over 2.1 million chip cards globally in 2015 utilizing Datacard® instant issuance hardware and associated software. That number is projected to grow as more financial organizations adopt the technology – especially within the U.S. where EMV migration is rapidly accelerating.
While Visa continues to control 70% of the U.S. general purpose debit card market, MasterCard is outpacing Visa in year-on-year (YOY) growth, based on gross dollar volume (GDV), according to CardData. Forecaster RAM Research expects the U.S. V+M market to reach $2575 billion for 2015.
American Express U.S. credit card outstandings are growing by 7.3% year-on-year (YOY) and likely to top $67 billion in the fourth quarter. U.S. Card Services reported first-quarter net income of $934 million, up 7% from $876 million a year ago, according to CardData
The highest-status JCB card designed for the affluent market in Taiwan, by a leading bank Hua Nan Bank, is here. The first JCB Eternity card offers, among other benefits, free airport limousine to and from international airports in Taiwan.
MasterCard continues to outpace Visa in the Latin America Caribbean (LAC) region in year-on-year (YOY) growth in gross dollar volume (GDV), on a local currency basis. According to CardData, MasterCard’s LAC YOY GDV growth has consistently exceeded Visa’s growth for the prior seven quarters.