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The weighted average industry loss rate continued to decline in the third quarter of 2012 and is now approaching the lowest level since the beginning of 2006.  Purchase volumes increased compared to both the prior year and, for the sixth consecutive period, the prior quarter.  Receivables growth continues to be the central challenge for the [...]

The post Q3 2012: US credit card issuer performance snapshot appeared first on Payments Cards & Mobile.

A brand new mobile app from Bacs Payment Schemes Ltd (Bacs), the people behind Direct Debit, aims to put customers in the driving seat when it comes to controlling their regular outgoings. With 72 per cent of household bills paid by Direct Debit keeping track of payment due dates can be tricky, and the app, [...]

The post New Android app takes control of Direct Debits appeared first on Payments Cards & Mobile.

The MasterCard rePower service that transforms cash into electronic money on a prepaid account was launched today in Europe. The cash reload service which is provided by CQR Payment Group is now available in the UK with other European markets to follow in coming months. MasterCard rePower is the quick and easy way to add [...]

The post MasterCard launches MasterCard rePower in Europe appeared first on Payments Cards & Mobile.

Deutsche Bank has reached an agreement with EVO Payments International, one of the largest merchant acquirers in the United States, on the sale of Deutsche Card Services, a wholly owned subsidiary of Deutsche Bank. Under the proposed transaction, EVO Payments International will acquire 100% of Deutsche Card Services. The transaction is subject to regulatory approvals. [...]

The post Deutsche Bank sall Deutsche Card Services appeared first on Payments Cards & Mobile.

One in five European businesses (21%) issuing debits is unaware of Single Euro Payments Area (SEPA) direct debits, finds a study from Steria, a leading provider of IT-enabled business services, prepared in collaboration with international strategy consulting firm Edgar, Dunn & Company (EDC). The report, based on an extensive survey of 300 businesses with 250 [...]

The post One in five European businesses unaware of SEPA Direct Debit appeared first on Payments Cards & Mobile.