Big 6 U.S. Credit Card Profits Rise 8.5% YOY Topping $4.1B

Big 6 U.S. Credit Card Profits Rise 8.5% YOY Topping $4.1B

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Profits (after tax) among the nation’s Big 6 U.S. credit card issuers jumped 8.5% in the fourth quarter (4Q/15), compared to one year ago (YOY) but, declined 2.7% sequentially (QTQ). Aggregate card after tax profits for the Big 6 issuers logged in at $4125 million for 4Q/15, compared to $4240 million…

Details
Citi’s Asia and LAC Card Portfolio Metrics Remain Solid

Citi’s Asia and LAC Card Portfolio Metrics Remain Solid

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Citibank’s international credit card portfolio continued to contract in the fourth quarter (4Q/15). The number of open or gross accounts (GAC) declined 100,000 in the Latin America region (LAC) and by 200,00 in Asia. 
On a non-currency adjusted basis, Citibank LAC purchase dollar volume (PDV) declined to $6.7 billion from $7.6…

Details
Transactis Snags $30MM Funding From Five Banks

Transactis Snags $30MM Funding From Five Banks

Transactis, a provider of electronic billing and payment solutions, has snagged $30 million in investment from Capital One, Fifth Third, PNC, TD, Wells Fargo and Safeguard Scientifics. Inclusive of this funding, Transactis has raised $70 million to-date. Transactis’ investors include Capital One, ff Venture Capital, Fifth Third Bank, MacAndrews & Forbes, Metamorphic Ventures, PNC, Safeguard…

Details
Alliance Data Profits is Skyrocketing Post 150%+ YOY Gains

Alliance Data Profits is Skyrocketing Post 150%+ YOY Gains

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Dallas-based Alliance Data Systems reported fourth quarter (4Q/15) revenue increased 16.9% year-on-year (YOY) to $1749 million. Net income skyrocketed 157% to $172 million for 4Q/15. For the fourth quarter Card Services revenue rose 20% to $785 million; Epsilon revenue increased 38% to $608 million; and LoyaltyOne revenue decreased 9% to $364 million,…

Details
MoneyGram Turns the Corner to Positive TX Growth

MoneyGram Turns the Corner to Positive TX Growth

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] After repositioning its U.S. to U.S. business following the loss of the Walmart account MoneyGram continues to turn the corner in the fourth quarter (4Q/15). MoneyGram total revenues climbed 7.8% year-on-year (YOY) to $376.7 million. However, net income fell sharply by 75.2% YOY to $2.6 million. MoneyGram notes it posted double-digit…

Details
Intl Debit Pushs Purchase Transactions 18% Higher

Intl Debit Pushs Purchase Transactions 18% Higher

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] International purchase transactions (PTX) for Visa and MasterCard credit and debit cards grew by 17.6% year-on-year (YOY) in the fourth quarter (4Q/15). International PTX for credit cards increased 11.9% YOY while international PTX for debit cards soared 27.4% YOY in 4Q/15. In the fourth quarter gross international payment card PTX for…

Details
V+M Latin America PDV Up 14.8% YOY on a FX Basis

V+M Latin America PDV Up 14.8% YOY on a FX Basis

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Purchase Dollar Volume (PDV) in the Latin America Caribbean (LAC) region for Visa and MasterCard payment cards rose 14.8%, on a currency adjusted basis (FX) year-on-year (YOY) in the fourth quarter (4Q/15). Visa LAC PDV was up 14.2% YOY FX and MasterCard LAC PDV increased 16.0% YOY FX in 4Q/15. Visa…

Details
V+M Intl GTX Running Strong Driven by Debit Products

V+M Intl GTX Running Strong Driven by Debit Products

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] International gross transactions (GTX) for Visa and MasterCard credit and debit cards grew by 16.9% year-on-year (YOY) in the fourth quarter (4Q/15). International GTX for credit cards increased 11.3% YOY while international GTX for debit cards soared 19.5% YOY in 4Q/15. 
In the fourth quarter gross international GTX for Visa and…

Details