Rapid Migration to Mobile Functionality is Drivings FIs Nutz

Rapid Migration to Mobile Functionality is Drivings FIs Nutz

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The dramatic shift to smartphones and tablets is driving financial institutions crazy to keep up. New research shows 50% of the U.S. adult population use mobile functionality to bank, which is 29 million more than last year. JAVELIN’s 2016 Mobile Banking Financial Institution Scorecard: Mobile Becomes the Remote Control for Banking,…

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Wells Fargo Wallet for Android to Hit the U.S. Market

Wells Fargo Wallet for Android to Hit the U.S. Market

Wells Fargo Wallet is integrating into the existing Wells Fargo mobile app experience for Android users, this summer. Wells Fargo Wallet quickly and conveniently adds eligible Wells Fargo debit and credit cards so customers may easily make purchases by tapping an Android phone at millions of NFC-enabled payment terminals worldwide. For more seamless money management,…

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Citi’s Retail Card Metrics Weaken as Accounts Nudge Down

Citi’s Retail Card Metrics Weaken as Accounts Nudge Down

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Citibank’s average yield for its North America retail credit card portfolio dropped slightly year-on-year (YOY) in the first quarter (1Q/16). However, charge-offs spiked quarter-to-quarter (QTQ) as both early stage and late stage delinquency edged upward during the first quarter. Citi’s retail credit card portfolio includes ExxonMobil, Macy’s, Sears, Shell, Best Buy,…

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Fitbit Eyeing NFC Payments After Gobbling Up Coin

Fitbit Eyeing NFC Payments After Gobbling Up Coin

The popular connected health and fitness market specialist, Fitbit, has inked a deal to acquire the wearable payment assets of startup Coin. The deal includes key personnel and intellectual property specific to Coin’s wearables payment platform. While there are no plans to integrate Coin’s wearable payments technology into the 2016 Fitbit product roadmap, the acquisition…

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Consumers Globally Expect More Loyalty Rewards from Banks

Consumers Globally Expect More Loyalty Rewards from Banks

A new global survey finds the ability to understand and use banking products is growing in importance worldwide, and consumers continue to expect more in terms of loyalty rewards than banks are providing. The FIS 2016 Performance Against Customer Expectations (PACE) Index also reveals expectations for aspirational support – consumers’ primary financial institution helping guide…

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Visa Outpaces MC in LAC PDV; MC Outpaces Visa in LAC GAC

Visa Outpaces MC in LAC PDV; MC Outpaces Visa in LAC GAC

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Purchase dollar volume (PDV), currency adjusted (FX), in the Latin American Caribbean (LAC) region has been rising steadily for Visa, while MasterCard has been gradually declining, over the past five quarters. However, for the first quarter (1Q/16) LAC card issuance for MasterCard is rising by double-digits year-on-year (YOY), while Visa’s LAC…

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Canadians Continue to Reduce Visa & MC Card Usage QTQ

Canadians Continue to Reduce Visa & MC Card Usage QTQ

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Purchase dollar volume (PDV) in Canada for Visa and MasterCard has been plummeting over the past five quarters, however card issuance in the first quarter (1Q/16) for both networks remained in double-digits year-on-year (YOY). For 1Q/16, Visa posted a 210 basis points (bps) decline YOY in PDV, while MasterCard reported a…

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Australians Zipped Up Wallets in March as CC Usage Falls

Australians Zipped Up Wallets in March as CC Usage Falls

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Australian credit card gross dollar volume (GDV) posted a dismal decline of 0.5% year-on-year (YOY) in March. Purchase dollar volume (PDV) decreased 0.5% YOY and cash dollar volume (CDV) was flat YOY in March. GDV rose in March to AU$26.3 billion, compared to a revised AU$26.1 billion in the prior month…

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MC’s New Simplify Controls Targets SME e-Pay Fraud

MC’s New Simplify Controls Targets SME e-Pay Fraud

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] MasterCard is adding a new tool for small- and medium-sized (SME) businesses to control, prevent and monitor e-commerce transactions in real time. The solution, a complement to payments platform Simplify Commerce, helps businesses maximize online sales by letting legitimate orders through and keeping fraudulent transactions out. With a mobile app and…

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