The average late stage U.S. credit card delinquency (90+ day) among the nation’s six largest issuers increased five basis points (bps) sequentially, to 0.85% for the third quarter, compared to 0.80% in the prior quarter and 0.88% one-year ago. However, all the issuers, except Capital One, were down year-on-year (YOY), according to CardData.
CO-based CPI Card Group reported net sales were $107.7 million, an increase of 39.2% over the prior year period. The company attributed most of the increase to the U.S. EMV migration.
Irish consumer spending continued to increase at a sharp pace during October as household expenditure rose +6.8% year-on-year (YOY). This represents the fourteenth month of unbroken growth which has been recorded since the series began in September 2014.
Democratic Republic of Congo’s BIAC has launched the Heyano MasterCard Prepaid card. The new card is aimed at BIAC’s existing customers and those citizens who currently do not have a bank account or access to financial services.
Cardtek has been selected by MasterCard Payment Transaction Services (formerly Trevica S.A.), a payment processing company fully owned by MasterCard, to provide their HCEXpert solution.
Sweden-based Seamless posted third quarter revenue of SEK 75 million, an increase of 75% compared to the same period last year. The Company’s Flagship product, SEQR, is now looking for one or more co-investors.
Heartland Payment Systems and Pinnacle have launched the first integrated point-of-sale (POS) system for petroleum retailers that is compliant with EMV.
Credit Karma has launched a new Direct Dispute feature to help people seamlessly dispute credit report errors directly from their free credit report with just a few clicks.
More than $5 billion of GMV was settled through Alipay on Alibaba’s China and international retail marketplaces in the first 90 minutes of the Global Shopping Festival yesterday.
Legal marijuana POS sales are quickly becoming mainstream and more secure with the KIND Financial as it integrates with Leafly, the world’s largest cannabis information website.
Deal done – PayPal has completed its acquisition of Xoom. With Xoom, PayPal has access to 1.5 million active U.S. customers that sent approximately $7.1 billion in the 12 months ending on September 30, 2015 to people in 40 countries such as Mexico, India, the Philippines, China and Brazil.
U.S. retail sales are expect to grow by 4.0% for the holiday period compared to 2014. As the economy continues to heat up, consumers are increasingly spending on experiences, with record spend on travel and restaurants in 2015.