CardWeb.com’s CardExecs database of payments industry movers and shakers today features Gaylon Jowers Jr., Senior Executive Vice President & President, International Services, TSYS.
San Francisco-based Affirm is aiming to take on Visa, MasterCard, American Express and Discover for consumer loans. The firm raised $275 million in debt and equity financing this week.
NCR is beefing-up its transaction processing solution from Alaric.
The latest release of Authentic has focused on integration, usability and security.
About one-third of organizations used more than 5 mobile business applications in 2014, while 68% were able to build a mobile business app in one day or less.
U.S. purchase transactions (PTX) for Visa and MasterCard credit cards increased 12.3% year-on-year (YOY) while PTX for debit cards rose 7.7% YOY, in the first quarter, according to CardData. However, the average ticket for credit and debit combined declined slightly YOY from $53.15 to $52.84.
The average U.S. 90+ day delinquency rate among the nation’s four largest issuers declined 4 basis points (bps) sequentially, to a record low of 1.01% for the first quarter, compared to 1.05% in the prior quarter and 1.10% one-year ago.
MasterCard’s (MC) Asia Pacific – Middle East – Africa (APMEA) region Q1/15 Gross Dollar Volume (GDV) rose year-on-year (YOY) by 15.0%, but down sharply from Q1/14’s 19.0% YOY gain. GDV for the region declined in all of the past five quarters.
South Korea’s Hyundai Card has inked a deal with China’s UnionPay International to issue 12 types of UnionPay card products. All major card issuers in South Korea offer UnionPay cards. BC UnionPay China Pass Debit Card is the first UnionPay card issued in South Korea.
MasterCard is ramping up its efforts to get about nine million small businesses up the EMV learning curve with a broad-based program. The new MasterCard Chip 360o program will run through the end of this year.
Visa Europe has reached critical mass for V.me by Visa acceptance in the UK. Currently, 55% of the UK’s issuance base, or 60 million cardholders plus thousands of UK’s retailers are in place to commercially rollout V.me by Visa at scale in the UK this year.
Intel is seeking to integrate the Internet of Things (IoT) with the next generation of vending. The new solution integrates pre-validated building blocks that facilitate the integration of multiple compute workloads.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Marc Pereira, Vice President of Technology Operations at FreedomPay.