Card Industry Risk-Adjusted Revenue Rises 13% in 2015

Risk-Adjusted Revenue Rises 13%

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Revenue earned by the card industry last year is roughly $165 billion. However, pre-tax net income after all expenses (charge offs, operating expense and cost of funds) falls to $121.0 billion. According to R.K. Hammer there can be a large difference between these two metrics. Risk-Adjusted” is just that, the default…

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Visa Digital Commerce App Ramps-Up Digital Payments

Visa Digital Commerce App

Visa Digital Commerce App has unveiled an issuer-branded mobile commerce solution enabling financial institutions to offer their own mobile app to customers with valuable card management services – ultimately expanding and strengthening their Visa credit, debit and prepaid card offerings. The new Visa Digital Commerce App enables issuers to offer services such as real-time account…

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Mobile In-App Transactions Up 24% YOY

Mobile In-App Transactions Up 24% YOY

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Mobile app users are spending $7.40 on paid-for apps every three months and $9.20 on in-app transactions, resulting in a quarter more spending on in-app transactions According to an online consumer survey by Gartner, app users spend 24% more on in-app transactions than on upfront app payments. The survey found that…

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ZOZI Advance Software Platform Launched

ZOZI Advance Software Platform Launched

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] ZOZI announced the launch of robust ticketing capabilities for its Software as a Service (SaaS) bookings, payments, and reservations platform, ZOZI Advance. The ZOZI Advance software platform already helps thousands of activity businesses across nearly 90 countries grow their business, process online bookings, manage complex reservations, and accept EMV mobile payments…

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JCB card logo

JCB Inks Major Ctrip Prepaid Deal

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] JCB has inked a license agreement for issuing prepaid cards for abroad (electronic travel checks) with Ctrip Financial Service (Hong Kong) Limited, which is the first online travel agency in China. Ctrip operates websites and apps and provides online reservation services mainly in China for travel related products such as hotel,…

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V+M Transactions Reveal an Uptick After Wallowing

V+M Transactions Reveal an Uptick After Wallowing

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Total Visa and MasterCard processed transactions (TX) in the first quarter (1Q/16) hovers below year-on-year (YOY) growth rates of the past three years, but showing an uptick. MasterCard, is by far running away with significant YOY gains over Visa, posting double-digit gains versus Visa’s single-digit gains in 1Q/16. Combined Visa and…

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ProCash 280 To-Date & Climbing for Wincor Nixdorf

Wincor Nixdorf ProCash 280

Wincor Nixdorf reports it has shipped its 100,000th ProCash 280 globally. The recipient of the recently rolled out 100,000th ProCash 280 is one of the top banks in Thailand. Wincor Nixdor shipped its first ProCash 280 system in 2010, has since expanded its footprint to 125 customers in 65 countries across five continents. The success…

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