Visa Leads the Major 4 Networks in U.S. GDV Growth

Visa Leads the Major 4 Networks in U.S. GDV Growth

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Gross dollar volume (GDV) for Visa, MasterCard, American Express and Discover cards (credit + debit) in the U.S. climbed 8.1% year-on-year (YOY) in 4Q/15 reaching a record $1443 billion.
 Visa led the way in the fourth quarter posting a 8.9% YOY gain for U.S. GDV.

Visa reported fourth quarter GDV of $841…

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Top 4 Outstandings Up 2.4% YOY Driven Entirely by COF

Top 4 Outstandings Up 2.4% YOY Driven Entirely by COF

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. credit card outstandings end-of-period (EOP) among the Top 4 U.S.  issuers gained a mere 2.4% in the fourth quarter (4Q/15) year-on-year (YOY) to $376.2 billion. The gain was driven entirely by Capital One, positioned to become the nation’s second largest issuer in 2016. 
Chase reported EOP U.S. credit card outstandings…

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MasterCard U.S. Card (credit + debit) 4Q CDV Rises 6.5% YOY

MasterCard U.S. Card (credit + debit) 4Q CDV Rises 6.5% YOY

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. Cash Dollar Volume (CDV) for Visa and MasterCard (credit + debit) in the fourth quarter (4Q/15) grew at an annual rate (YOY) of 5.3%. 
Visa U.S. payment card (credit + debit) CDV for 4Q/15 was up 5.5%. MasterCard U.S. payment card (credit + debit) CDV for 4Q/15 was up 6.5%.…

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Smart Token Chain Connects Blockchain & Payment Systems

Smart Token Chain Connects Blockchain & Payment Systems

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The new Smart Contract Settlement Exchange connects diverse banking and other payments systems worldwide without requiring each institution to integrate to hundreds of upcoming proprietary blockchain payment systems. Smart Token Chain gives financial institutions the ability to create fully proprietary ledger systems and smart contract tools, yet easily exchange transaction and…

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Debt Extinguishment and IPO Expenses Kill First Data’s 4Q

Debt Extinguishment and IPO Expenses Kill First Data’s 4Q

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] First Data posted 4Q/15 revenue of $3.0 billion, up 3% year-on-year (YOY) or up 5% on a currency adjusted (FX) basis. For the fourth quarter, the net loss attributable to First Data was $1217 million, compared to a net loss of $126 million in the prior quarter, and compared to net…

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GMC Inspire Mobile Advantage Solution Offers m-Payments

GMC Inspire Mobile Advantage Solution Offers m-Payments

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Appenzell-based GMC Software (GMC) has rolled out its GMC Inspire Mobile Advantage solution. Among its key benefits is real-time dynamic statements and mobile payments. The solution makes it possible to create a responsive, interactive and regulatory compliant mobile experience with little reliance upon IT or external support. For enterprises seeking to…

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CARE Package to Deploy Popmoney for e-&m- Payments

CARE Package to Deploy Popmoney for e-&m- Payments

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Global humanitarian organization, CARE, is gearing up to accept donations via Fiserv’s Popmoney personal payment service. CARE will be one of the first organizations to accept donations through the Popmoney payment button on its website. People will also be able to make online or mobile donations via the network of more…

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CPI Extends Market Life of Visa EMV Cards to 12 Yrs

CPI Extends Market Life of Visa EMV Cards to 12 Yrs

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Visa has certified CPI Card Group products to extend the maximum market life of Visa EMV cards to 12 years, in compliance with Visa’s recently announced EMV chip card approval policy. The comprehensive Visa product line includes cards meeting a variety of authentication needs, such as online only cards, dynamic data…

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Slovenia’s NLB Offering a New Prepaid NFC MC

Slovenia’s NLB Offering a New Prepaid NFC MC

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] UK-based Prepaid Financial Services has inked Slovenia’s Nova Ljubljanska Banka (NLB) to launch a white-labelled, contactless prepaid MasterCard card and mobile sticker product. The program was soft launched at the end of 2015 and following substantial interest from millennial customers, has now been rolled out across all NLB branches in Slovenia.…

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HYPERWALLET; AMEX; SAFEND; and MAGICPAY

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] In Other News: HYPERWALLET (API); AMEX (awards); SAFEND (Windows); and MAGICPAY (ranking). HYPERWALLET – Hyperwallet revealed its REST payout API would move into public beta following the company’s presentation at FinDEVr New York tomorrow. The API has been in private beta with select Hyperwallet clients since it was announced last October,…

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Parkmobile Lands Cherry Blossom Festival Deal

Parkmobile Lands Cherry Blossom Festival Deal

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Atlanta-based Parkmobile has teamed with the National Cherry Blossom Festival to provide event-goers with simple and convenient parking options for the festival. Parkers will be able to take advantage of Parkmobile and ParkNow, Parkmobile’s reservations platform, in order to pay for on-street parking or reserve parking near the event using their…

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MasterCard AP Introduces IQ Series and ABU

MasterCard AP Introduces IQ Series and ABU

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] MasterCard has launched two new services that raise the bar on consumer experience and everyday peace of mind for cardholders across Asia Pacific. MasterCard IQ series, pioneering solutions designed to reduce the rising number of card transactions being falsely declined; and Automatic Billing Updater service (ABU), which securely communicates account changes…

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