Energy Sector Stress to Impact Canada Credit Card Metrics

Energy Sector Stress to Impact Canada Credit Card Metrics

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] While the stress in the U.S. energy sector should not materially impact the credit profiles of large consumer lenders with national footprints, Canada is a different story. Visa and MasterCard data reveal there was a downturn in credit card spending in the first quarter. Fitch Ratings says it expects the cost…

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Briefs – PRIORITY; MASTERCARD; PERK; and WELLS

In Other News: PRIORITY (e/tab); MASTERCARD (AU); PERK (1Q); and WELLS (lockbox). PRIORITY – Priority Payment Systems, one of the fastest growing payments companies in the U.S., and strategic partner e|tab, a leading provider of affordable hospitality and restaurant self-service technologies, announce their extended partnership and reveal how the e|tab solution has improved the operating…

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Visa Now Claims 56% of All Global Purchase Transactions

Visa Now Claims 56% of All Global Purchase Transactions

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] New research also reveals debit cards with the Visa brand continued to account for the most purchase transactions with a share of 35.50%, followed by Visa credit cards with 20.02%, and MasterCard credit cards with 13.14%. According to The Nilson Report, MasterCard debit cards posted a 13.13% share, UnionPay credit cards…

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Bankrate Gobbles Up NextAdvisor After Exiting Insurance

Bankrate has inked a deal to acquire the business of NextAdvisor, an online source of independent and in-depth research and reviews of credit cards, personal finance and internet services. The deal is expected to close this quarter. Bankrate says the acquisition provides proprietary intellectual property, technological capability, analytics, and optimization, particularly relating to the fast-growing…

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MC’s MasterPass Corrals More Marquee Retailers

MC’s MasterPass Corrals More Marquee Retailers

Saks Fifth Avenue, Poshmark, and North American Bancard have all jumped on the MasterPass digital payments platform train. While Saks and Poshmark will offer MasterPass soon, NAB Velocity, the omnichannel payments platform from North American Bancard, will offer the digital payments platform to its customers starting later this year. MasterPass is a simple, convenient, trusted digital…

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March Consumer Revolving Credit Explodes to Double-Digits

March Consumer Revolving Credit Explodes to Double-Digits

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] March consumer revolving credit card debt (RCC) soared at an annual rate of +14.2%, compared to +3.7%% in February and -0.3% in January. Overall consumer credit increased at a seasonally adjusted annual rate of +10.8% in March. Non-revolving credit increased at an annual rate of +8.5%. Total revolving credit for March…

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StoneRiver Group Sale Pushes Fiserv Profits Higher

StoneRiver Group Sale Pushes Fiserv Profits Higher

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] WI-based Fiserv reported a huge year-on-year (YOY) jump in first quarter (1Q/16) net income thanks to an asset sale. Gross revenue posted a modest YOY gain driven by payments and industry products revenue. Fiserv posted gross revenue of $1331 million for the first quarter, a 4.4% YOY gain, compared to $1368…

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SuitePOS for Salesforce Enables Cloud CRM for Entire Business

SuitePOS for Salesforce Enables Cloud CRM for Entire Business

SuiteRetail has rolled-out SuitePOS, natively supporting the standard for cloud CRM and business apps, Salesforce, to run storefronts and even a retailer’s entire business on a single platform. The SuitePOS for Salesforce solution empowers retailers to connect with and sell to customers in-store. Promotions, products and checkout processes are configured in Salesforce and can span…

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BRIEFS: BANKRATE; TIMETRIC; BLUEPOINT; and EATSTREET

In Other News: BANKRATE (acquisition); TIMETRIC (report); BLUEPOINT (client); and EATSTREET (app). BANKRATE – Bankrate has reached an agreement to acquire the business of NextAdvisor, an online source of independent and in-depth research and reviews of credit cards, personal finance and internet services.  TIMETRIC – Timetric’s ‘The Cards and Payments Industry in Nigeria: Emerging Trends…

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Credit Card ABS Not Impacted by Stressed Energy Sector

Credit Card ABS Not Impacted by Stressed Energy Sector

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Wall Street ratings firms says stress in the U.S. energy sector should not materially impact the credit profiles of large consumer lenders with national footprints, says Fitch Ratings. Furthermore, the credit outlook for U.S. ABCP (Asset-Backed Commercial Paper) for the remainder of 2016 remains stable. Fitch Ratings says the recent evidence…

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