Compared to other underground communities in other regions, the cybercriminal underground in North America isn’t as hidden or exclusive.
U.K. consumer credit in October grew at an 8.2% annual rate to £177.1 billion, driven by continued robust spending.
Australian credit card outstandings edged up by 2.1% year-on-year (YOY) in September to AU$50.8 billion, compared to AU$49.7 billion one-year ago.
Hong Kong-based ScramCard has snagged a seven-figure private investment from Stewart Milne CBE.
ScramCard users upload their credit and debit cards to a universal card with high security features.
London-based Masabi, a specialist in mobile ticketing and innovative fare collection for transportation, snagged a $12 million funding round.
Liberis, a provider of cash advances to small businesses, has teamed with Worldpay to offer Britain’s small businesses the ability to take an unsecured cash advance based on their future credit and debit card sales.
Dallas-based Alliance Data Systems reported third quarter revenue increased 20.5% year-on-year (YOY) to $1589 million. However, net income for 3Q/15 declined 20.9%to $130.4 million.
Dallas-based MoneyGram continues to turn the corner following the loss of the Walmart account last year, as U.S.-to-U.S. transactions declined 2% in 3Q/15, compared to a 40% decline in 4Q/14.
The charge-off ratio for the top 100 U.S bank credit card issuers edged up 5 basis points (bps) in the third quarter but remains at historic lows.
Gross dollar volume (GDV) for Visa, MasterCard, American Express and Discover cards (credit + debit) in the U.S. climbed 7.7% year-on-year (YOY) in 3Q/15 reaching a record $1400 billion.
On a non-currency adjusted basis, Purchase Dollar Volume (PDV) in the Latin America Caribbean (LAC) region for Visa and MasterCard payment cards declined 19% Year-on-Year (YOY) in 3Q/15.
Gross dollar volume (GDV) for licensees of Discover-owned Diners Club International declined 3.0% year-on-year (YOY) in the third quarter of 2015 to $6.56 billion.