[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Visa and MasterCard international gross (open) payment card accounts (GAC) for the fourth quarter (4Q/15) grew 9.7% year-on-year (YOY). International credit GAC was up 3.5% YOY and international debit GAC soared 13.9% in 4Q/15. Totally Visa and MasterCard reported 2701 million payment card GACs for 4Q/15, compared to 2607 million for…
Details
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Profits (after tax) among the nation’s top four bank credit card issuers rose 3.4% in the fourth quarter (4Q/15), compared to one year ago (YOY), but down 0.3% sequentially (QTQ). Aggregate card after tax profits for the top four issuers logged in at $2826 million for 4Q/15, compared to $2834 million…
Details
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Australian credit card outstandings edged up by 1.6% year-on-year (YOY) in February. Credit card credit limits increased 3.3% YOY and the number of credit card accounts rose 2.9% YOY. The average balance per account in February declined 1.7% to AU$3166, compared to AU$3106 for January, and AU$3222 for February 2015. Credit card…
Details
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Big 6 issuers, based on U.S. total outstandings of $938 billion, continue to control 51.8% of the U.S. bank credit card business at the end of the fourth quarter (4Q/15). The big gainer among the Big 6 was Capital One, up 50 basis points (bps) quarter-to-quarter (QTQ), while the big…
Details
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Visa and MasterCard international card cash dollar volume (CDV) for the fourth quarter (4Q/15) posted $720 billion, compared to $709 billion in 3Q/15 and $798 billion one-year ago. However, the nominal year-on-year (YOY) change is meaningless. On a currency adjusted (FX) basis, for 4Q/15, CDV for Visa international credit cards have…
Details
In Other News: YOYO (award); ALLIED (Marco); BLUESNAP (Zuora); and DAEDAL (report). YOYO -Yoyo Wallet has been chosen by FinTechCity at Money20/20 Europe as one of the top 50 FinTech businesses. The list was selected by experts like Eileen Burbidge, Nadia Crandall, Toby Ostuka, Richard Peers, and other industry leaders. In addition, this week Yoyo…
Details
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The average yield among the nations’s Top 4 bank credit card issuers came in at 11.58% for the fourth quarter (4Q/15), compared to 11.53% for the prior quarter, and 11.38% for 4Q/14. Capital One (COF), continues to lead the Top 4 with a 14.31% 4Q/15 yield while BofA was at the…
Details
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] TX-based Perk.com reported total revenue increased by 155% year-on-year (YOY) to $17.7 million for the fourth quarter (4Q/15). Gross profit was $9.1 million, rising 51% YOY. The Perk.com fourth quarter was incredibly busy period. The Company partnered with NBC Universal to promote the launch of the Esquire Network’s first scripted series, which…
Details
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Atlanta-based Global Payments (GPN) reported first calendar quarter (1Q/16) [fiscal third quarter] gross revenues grew 2.2% year-on-year (YOY), while net income rose 10.4% YOY. Revenues for North America increased 1.1% YOY. GPN is on track to close its merger with Heartland Payment Systems (HPS) during the second quarter. GPN will acquire…
Details
After thirty years under the name the “Cartes Secure Connexions” show, promoting the then new-born technology of smartcards, has been re-named “TRUSTECH. The event has been redesigned to encourage networking and to provide an outstanding program of addresses – will now be taking place at a new venue which offers two events in one: the…
Details
Apriva and iPayment have inked a deal to extend their partnership to provide EMV capable solutions to small and mid-sized businesses (SMB) using mobile points of sale. This extension of iPayment’s point of sale (POS) solutions brings EMV functionality to customers using their mobile payment application, iPayment MobilePay. iPayment MobilePay is a unique white-labeled version…
Details
UK-based financial inclusion specialist Accion has inked an investment deal with Aire, a UK-based credit scoring startup. Aire uses a proprietary artificial intelligence process to ultimately help banks lend to new, qualified borrowers. During an online interview, the company’s collects and validates applicant-provided data to evaluate profession, education, and financial knowledge. Accion made the investment…
Details