U.S. credit card outstandings end-of-period (EOP) among the Big 6 issuers will likely rise 2.5% year-on-year (YOY) in the third quarter says RAM Research. Big 6 outstandings rose by a mere 2.3% YOY in the second quarter to $474.5 billion, according to CardData.
Charge-offs among the nation’s top 6 issuers are expected to notch upwards by 3 basis points (bps) in the third quarter expects RAM Research. Charge-offs among the nation’s top 6 issuers dropped 22 bps year-on-year (YOY) to 2.81% for the second quarter, and down 16 bps sequentially, according to CardData.
State Bank, a government-run bank in Mongolia has inked a payment card deal with JCB to mass issue debit cards. Mongolia is the 20th country where the JCB card is issued.
A new white suggests digital technologies are providing alternative customer access channels, which means that the branch – the oldest delivery channel – must evolve and transform if it is to remain a core component of the banking mix.
FNBO’s First Bankcard has landed the Northern Illinois University Alumni Association, representing more than 200,000 NIU alumni worldwide, for the launch of the new NIU Alumni Visa Card.
Visa has ankled former Acting U.S. Trade Representative Demetrios Marantis as Senior Vice President, Global Government Relations.
MasterCard Identity Check, a suite of technology solutions that leverage advanced technologies to prove a consumer’s identity and further simplify the online shopping experience is here.
Chevron and Visa are launching a mobile payments program at more than 20 Chevron-branded stations, accepting any NFC (near-field communications) payment service.
PAX Technology announced PAX’s BroadPOS secure payment solution has been certified by First Data to accept EMV transactions using First Data’s Rapid Connect platform.
EVO Payments International (EVO) will provide full support for contactless payments made through mobile wallet providers Apple Pay, Android Pay, and Samsung Pay.
Visa’s (VS) Central Europe – Middle East – Africa (CEMEA) region Gross Dollar Volume (GDV) FX-adjusted is expected to rebound in the third quarter with year-on-year (YOY) gain of 9.9%, according to RAM Research.
VS CEMEA GDV hit the brakes in the second quarter with a YOY gain of 7.1%, compared to 12.4% in the prior quarter and 12.8% in the year ago quarter, according to CardData.
A new survey shows the average fee for using an out-of-network ATM rose four percent over the past year to a record $4.52 per transaction.The average overdraft fee also set a new record ($33.07) and is up nine percent since 2010.