Amazon launched its Dash Button service enabling consumers to buy products they frequently purchase with the push of a physical button at the point-of-need (PON). Amazon then quickly delivers the household favorites. The new service is available to Prime clients by using the Amazon app on a smartphone to connect Dash Button to the home Wi-Fi.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Dr. Dimitrios Karayiannis serves as Chief Development Officer, Executive Vice President of Research & Development and System Solutions of INSIDE Secure.
Clearent is offering mobile payment acceptance solutions to Clearent’s sales partners and merchants. Launched in 2014, SwipeSimple includes encrypted mobile card readers, payment acceptance applications for iOS and Android devices, a real-time reporting and administrative dashboard for merchants and a reseller portal for easy onboarding and portfolio management.
CardWeb.com’s CardData database of Company Profiles today features processor Synchrony Financial. The Company is the largest provider of private label credit cards in the U.S.
Prepaid card king The Bancorp has ankled Gail Ball as Executive Vice President and Chief Operating Officer. Most recently she served as the Head of the Payment Studies Group of the Federal Reserve Bank of Richmond.
The nation’s largest commercial card issuer and #5 V/M issuer overall, posted an 8.2% year-on-year (YOY) increase in purchase dollar volume (PDV) in the fourth quarter (Q4/14). U.S. Bank (USB) revenues were relatively flat for its card and corporate payments business but strong growth in merchant processing drove net (after tax) income up 25% YOY, according to CardData.
The nation’s second largest Visa and MasterCard issuer continues to struggle with sluggish outstandings (like #1 Chase) and purchase volume growth, but credit card issuance remains strong. Forecaster RAM Research projects Bank of America (BofA) will post $88.0 billion in outstandings and $50.2 billion in PDV for the first quarter.
Visa Europe (VE) is poised to top € 2 trillion of POS purchase transaction (PTV) volume in 2018 and easily exceed € 2.2 trillion the following year. VE will likely, in 2015, capture more than €1 in €6 of everyday consumer spending across Europe, according to CardData. Forecaster RAM Research’s CAGR Corner computes VE’s compound annual growth rate (CAGR) at 9.74% and sees nothing on the horizon to dampen the current trajectory.
In a continuing effort to exit international consumer banking Citi inks a final deal to unload its Citi Cards Japan business to Sumitomo Mitsui Trust Bank for an estimated US$350 million. The deal, with began negotiations in December, includes 743,000 customer accounts and an exclusive franchise for Diners Club cards in Japan, according to CardData.
The U.S. still leads e-commerce sales with an expected revenue of $349 billion in 2015. U.S. consumers also have the highest average order value (AOV) of $115 per purchase online. A new survey finds credit cards are used for 42% of transactions.
FICO is lifting the curtain for consumers on the 19 most commonly used versions of the FICO Score from the three major credit bureaus. Combined, the 19 score versions represent approximately 95% of FICO Scores sold and used by lenders.
YapStone has a hockey puck graph of growth with 30% to $40% per year over the past 15 years. The global provider of web and mobile payment technology solutions has landed a $60 million financing package with Comerica Bank and Bregal Sagemount.