Tech & Jazz & Startups to Have a Collision in The Big Easy

America’s fastest growing tech conference, with more than 20,000 attendees, and millions of business ideas including fintech is slated for early May in New Orleans. Collision attendees include 3,000 CEOs and other senior executives. About 4,500 companies will be represented from 110 countries. It is an ultimate event, and best of all, it is sandwiched…

Mastercard Acquires Biometric Digital and Mobile Payments Fraud Fighter

Mastercard has inked an agreement to acquire NuData Security, a global technology company helping businesses prevent online and mobile fraud using session and biometric indicators. The Internet of Things is creating a more digitally-driven and digitally-connected world, with an estimated 50 billion smart devices to be in use across the globe by 2020. While such…

Sapphire Card Puts the Hurt on Chase Q4 Profits – PDV Up 13.5% YOY

Chase, the nation’s largest bank credit card issuer, continued to post double-digit year-on-year (YOY) growth in purchase dollar volume (PDV) in the fourth quarter (4Q/16) while YOY growth in outstandings (OUT) remained in the mid-single digits, according to CardData. Delinquency (DEL) and charge-offs (CO) jumped upward YOY as the account base remains stagnant and overall…

Credit/Debit Card Payments Maintain Lion’s Share of All U.S. Consumer Payments

Purchases of goods and services totaled $9.550 trillion in 2015, up 3.4% year-on-year (YOY). The four card-based methods of payment of credit, debit, prepaid, and electronic benefits transfer generated $5.665 trillion in purchases or 59.32% of all consumer payment systems volume. Credit cards accounted for $2.932 billion, 30.70% of volume. Debit cards accounted for $2.420,…