Credit Card Delinquency Remains Stable as Auto & Boat Delinquency Heads North

Delinquencies in bank cards (credit cards provided by banks) fell 5 basis points (bps) to 2.69% of all accounts, staying significantly below their 15-year average of 3.66%. However, delinquencies in closed-end loans (like auto and boat loans) rose. According to the American Bankers Association (ABA) among the 11 individual loan categories, delinquencies rose in all…

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PayPal to Help Visa Expand VDEP & Visa Direct into the Asia Pacific Region

PayPal and Visa have extended their domestic partnership arrangement to outside the U.S., specifically Asia Pacific The partnership makes it easier for Visa issuing banks in Asia Pacific to offer their cardholders the ability to checkout anywhere PayPal is accepted online. It also expands the use of PayPal to retailers that accept Visa in physical…

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EDGE Card Aims for Top Advanced Dynamic Payment Card in the Market

EDGE Mobile Payments and Nuvation Engineering have buddied for the development of the EDGE Card, its flagship product. The EDGE Card is looking to become the most advanced dynamic payment card within the Fintech market, featuring a full color touchscreen, digital storage of multiple credit and debit cards, along with biometric verification security. Edge Mobile…

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Mobile Store Apps to Multiple Markets a Real POS Apptizer for Merchants

Apriva has teamed with Apptizer, an omnichannel app developer, to enable mobile stores to centralize and manage business generated through various mobile paths. Apriva’s EMV-enabled Gateway brings high level security with end-to-end encryption, tokenization, and EMV capabilities to Apptizer’s solutions, while connecting a variety of payment devices to Apriva’s vast processor connections. As a result…

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Frictionless Monthly Payment Plans for Credit Cards at the POS

Splitit has partnered with Magento as a Select Technology partner to offer their solutions to the Magento ecosystem. Merchants using Magento will now be able to seamlessly integrate Splitit’s payment tool into their checkout process. Splitit enables retailers to instantly offer monthly payment plans to their customers directly at checkout. Splitit works on existing Visa and…

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First Blockchain-Based Football Fantasy Game Offers XFCCOIN Cryptocurrency

Cryptocurrency fueled football fantasy sports game is publicly testing its payments platform. FootballCoin (XFCCOIN) and the blockchain-based Football Manager game allows players to create their own football team, manage the player roster and participate in competitions. The use of Bitcoin blockchain and Counterparty platform, with its own FootballCoin cryptocurrency, creates a perfect in-game economy with plenty…

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