Card Network Profits Leap 20% YOY Topping $4B in 4Q

Card Network Profits Leap 20% YOY Topping $4B in 4Q

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Profits for the top four networks rose 20.1% year-on-year (YOY) in the fourth quarter (4Q/15). Visa, MasterCard, American Express and Discover reported a combined 4Q/15 profit of $4130 million, compared to $3895 million for 3Q/15 and $3439 for 4Q/15. Visa and Discover profits jumped 24% YOY in 4Q/15, compared to 20%…

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Visa’s Takes 50 bps Marketshare from American Express

Visa’s Takes 50 bps Marketshare from American Express

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Visa continues to rule the market, growing its U.S. GDV marketshare from 57.8% in 4Q/14 to 58.3% in 4Q/15, largely at the expense of American Express. The nation’s four major payment card networks produced $1443 billion in U.S. gross dollar volume (GDV) in the fourth quarter (4Q/15) for an 8.1% year-on-year…

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Consumer Revolving Credit Returns to Positive Growth in Feb

Consumer Revolving Credit Returns to Positive Growth in Feb

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] February consumer revolving credit card debt increased at an annual rate of +3.7%, compared to -0.3% in January and +6.5% in December. ARTICLE: February consumer revolving credit card debt increased at an annual rate of +3.7%, compared to -0.3% in January and +6.5% in December. Overall consumer credit increased at a…

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Italy’s m-Bank buddybank Buddies with MasterCard

Italy’s m-Bank buddybank Buddies with MasterCard

UniCredit’s pure digital “molecular” bank, buddybank, has inked a deal with MasterCard. Angelo D’Alessandro, founder of buddybank, says they have been working closely with MasterCard since starting to scan the cards space. Beginning January 2017, this new partnership will ensure buddybank Italian cardholders to access to MasterCard’s innovative technologies and smart solutions that will allow…

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MasterCard’s European Region Remains Robust

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] MasterCard’s European region 4Q/15 Gross Dollar Volume (GDV) rose year-on-year (YOY) by 15.1% on a currency adjusted basis (FX) and solid compared to 4Q/14’s 15.9% YOY gain.  Europe is MasterCard’s second largest international region based on GDV and PDV. On a nominal basis, MasterCard’s Europe GDV declined 1.3% to US$341 billion…

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FIDO Alliance Certifications Soar 50% YOY in 1Q

FIDO Alliance Certifications Soar 50% YOY in 1Q

The number of FIDO certified products soared in the first quarter. FIDO authentication is now enabled on devices from the top five global handset manufacturers. Additionally, service providers including Google, PayPal, Samsung, Bank of America, NTT DOCOMO, Dropbox, and GitHub have made FIDO authentication available to protect hundreds of millions of end-users’ desktop and mobile…

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Cuba via RED to Issue its First International Bankcard

Cuba via RED to Issue its First International Bankcard

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] RED.S.A, an acquirer in Cuba is issuing the first UnionPay card in the market through its partner BISCA. Cuba is the first Latin American country that has established diplomatic relations with China. Over the years, the two countries have witnessed close economic, trade and personnel exchanges between each other. Currently, there…

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