Bango Gunning for Dominance in Carrier Billing for App Stores

Bango Gunning for Dominance in Carrier Billing for App Stores

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Bango has gobbled up the BilltoMobile carrier billing service and associated contracts from Danal. The acquisition positions Bango as the leader in carrier billing in the U.S. market and consolidates its position as the world’s leading provider of carrier billing for app stores. As a result of the acquisition, Bango is…

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SuperCom Ankles Former PowaPOS & VeriFone Exec

SuperCom Ankles Former PowaPOS & VeriFone Exec

Herzliya, Israel-based SuperCom has ankled Zvi Mitlanski as its new VP of Secure Financial and Retail Solutions. Mr. Mitlanski brings with him over 20 years of executive management and business leadership experience across the payments, banking, retail, government and telecommunication sectors, with experience driving global business development, sales mmanagement, M&As, marketing and organizational development for international companies…

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U.S. EMV and NFC Propel Verifone Profits to Stratosphere

U.S. EMV and NFC Propel Verifone Profits to Stratosphere

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Driven by EMV and Apple Pay-related sales, Verifone reported first quarter (1Q/16) net income skyrocketed more than 70% year-on-year (YOY), with most of the growth coming from the North America segment. The recent InterCard and AJB Software Design acquisitions will likely lift 2Q/16. Verifone reported 1Q/16 gross revenue of $514 million,…

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ADS Operating on All Cylinders; Metrics Look Good for 2016

ADS Operating on All Cylinders; Metrics Look Good for 2016

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Dallas-based Alliance Data Systems (ADS) reported a first quarter (1Q/16) year-on-year (YOY) surge in credit card outstandings, purchase dollar volume (PDV) and Card Services revenue. Overall revenue and income were pressured by currency exchange rates (FX). ADS reported gross revenue rose 4.7% YOY in 1Q/16 to $1676 million, compared to $1749…

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Seamless SEQR Cleared for Global Take-Off

Seamless SEQR Cleared for Global Take-Off

Stockholm-based Seamless has been granted authorization by Sweden’s financial supervisory authority, Finansinspektionen, to issue real-time electronic money. This means that SEQR users can send and receive money, worldwide, in real time. Under the terms of the authorization, SEQR can also be used by minors. Money received can be accessed instantly to make payments anywhere in…

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ACI Driven by Omni-Channel Merchant Retailer and eCommerce

ACI Driven by Omni-Channel Merchant Retailer and eCommerce

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Naples, FL-based ACI Worldwide reported a huge surge year-on-year (YOY) in first quarter (1Q/16) net income. Net new sales bookings also soared in 1Q/16 driven by omni-channel merchant retailer and eCommerce offerings. ACI reported a 2.9% YOY decline in gross revenue for 1Q/16 to $226.1 million, compared to $308.6 million for…

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Starbucks Cuts Reward Program Benes & Still Grows

Starbucks Cuts Reward Program Benes & Still Grows

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Despite devaluing its rewards program for customers by 20% in April, Starbucks Rewards continues to draw in more members by 16.5% year-on-year (YOY) in the latest quarter (1Q/16). According to First Annapolis , a consulting concern, Starbucks will be launching an open-loop Visa prepaid card with Chase and plans to enhance…

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Projected Global Payment Gateways Market 14% CAGR

Projected Global Payment Gateways Market 14% CAGR

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Weighing the increase in the use of advanced technologies such as mobile payments and digital wallets and the high adoption of cloud technology by organizations, the global payment gateways market will progress remarkably over the next four years. UK-based Technavio analysts forecast the global payment gateways market to grow at a…

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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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