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Q4 2019: US credit card issuer snapshot

Accenture

Purchase volume YoY growth of 7% in Q4 is lower in comparison to Q3 YoY growth by ~100 bps, and lower than Q4 2018 YoY growth by ~130 bps. Chase and Capital One continued to lead YoY purchase…. The post Q4 2019: US credit card issuer snapshot appeared first on Accenture Banking Blog. YoY growth in Q3.

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Top News In Payments: Antitrust Probe For Google Shopping Comparison Tool; Visa Warns Of Rise in Gas Station POS Cyberattacks

PYMNTS

Department of Justice is expanding its antitrust probe to include Google’s online shopping comparison tool, and Visa warns of an increase in fuel dispenser POS cyberattacks. US Antitrust Regs Probe Google’s Shopping Comparison Tool. Also, Uber is negotiating the sale of Uber Eats to India’s Zomato.

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Combating Commercial Cards’ Need For The Personal Guarantee

PYMNTS

It’s an area of business spend friction that is driving a newfound resurgence in commercial card innovation that the card industry hasn’t seen in decades, with FinTech firms stepping in to take advantage of card transaction data. ” The Biggest Culprits Of Waste. Nixing The Personal Guarantee.

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Bank IT Spending – Use These Metrics to Improve Performance

South State Correspondent

Benchmarking can help banks better optimize capital as it gives bank management a sense of what the average is for the industry. Approximately 2% of bank IT spending arises on a “shadow basis,” which is all the technology spent on someone’s credit card that never gets allocated officially to IT or the business unit.

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Mobile Banking Firm Chime Gets $14.5B Valuation With New Funding

PYMNTS

Chime, which CEO Chris Britt co-founded in 2013, provides clients mobile banking accounts without charges, debit cards and automated teller machine (ATM) access. Chime primarily makes money as clients use their cards in comparison to typical financial institutions that make money on fines and debt.

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CFOs Are Guiding Employees Toward Corporate Cards

PYMNTS

More CFOs are guiding their organizations toward corporate cards in lieu of offering after-the-fact reimbursements via expense reports, The Wall Street Journal recently reported. Research suggests companies are turning to corporate cards for their security as well. Many businesses are turning to virtual cards for these benefits.

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PAAY Rolls Out Partner Platform To Complement EMV 3DS Technology

PYMNTS

PAAY has rolled out a partner platform to let merchants and payment providers implement and track EMV 3DS, a standard that aims to help prevent unauthorized card-not-present (CNP) transactions, throughout different merchant accounts. In that instance, merchants have to contend with cart abandonment. seconds on average through EMV 3DS.