In Other News: ADS (deal); WISEKEY (BVLGARI); ICBA (CEO); and FIS (PAI)

In Other News: ADS (deal); WISEKEY (BVLGARI); ICBA (CEO); and FIS (PAI). ADS – Alliance Data Systems announced its Columbus, Ohio-based card services business, a premier provider of branded private label, co-brand and commercial credit programs, has inked a new long-term agreement to provide private label credit card services for Secaucus, N.J.-based The Children’s Place,…

Briefs: EXPENSIFY; CORECARD; TSYS; and MERCATOR

In Other News: EXPENSIFY (platform); CORECARD (EMV); TSYS (Lloyds); and MERCATOR (debit). EXPENSIFY – Expensify announced an integration platform that will eliminate receipts for business purchases. Called ReceiptBurner, the program’s initial launch partners include Uber, HotelTonight, Revel Systems, SaneBox, and Fujitsu ScanSnap, with more planned in the coming months. These services utilize the ReceiptBurner integration…

AAdvantage Credit Card Inks Deal with Citibank & Barclaycard

AAdvantage Credit Card Inks Deal with Citibank & Barclaycard

American Airlines and its partners in the AAdvantage credit card program have inked new agreements to extend their relationships and continue providing AAdvantage miles and other benefits to customers. The deal will allow Citi to continue offering its lineup of cards to new customers through multiple exclusive channels such as digital – including aa.com –…

Big 6 U.S. Issuers Struggle with Active Accounts

Big 6 U.S. Issuers Struggle with Active Accounts

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. bank credit card active accounts (AAC) (accounts with sales activity), among the top six U.S. issuers, inched up 0.8% year-on-year (YOY) in the first quarter (1Q/16). There were 158.4 million active bank credit card accounts for 1Q/16 in the U.S. among the top six issuers: Citibank; Capital One; Chase, Bank…

Citi Picks Up Marketshare While the Other Top 4 Lose to Smaller Issuers

Citi Picks Up Marketshare While the Other Top 4 Lose to Smaller Issuers

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. credit card marketshare, based on purchase dollar volume (PDV) among the top 4 U.S. bank credit card issuers, shows Citi was the only issuer with a positive gain in the first quarter (1Q/16), compared to the prior quarter. While Chase continues to hold a commanding 24.5% marketshare for 1Q/16, there…

Intl Card GDV - Visa Rules Credit; MasterCard Rules Debit

Intl Card GDV – Visa Rules Credit; MasterCard Rules Debit

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Visa and MasterCard international credit card gross dollar volume (GDV) for the first quarter (1Q/16) rose 10.8%, on a currency adjusted basis (FX), year-on-year (YOY). For international debit cards, Visa and MasterCard GDV increased 12.6% YOY FX. Visa outpaced MasterCard in international credit cards 1Q/16 YOY FX growth, while MasterCard took…

Briefs: PAYSCOUT; DATACAP; KINJERPAY; and ENTERSEKT

In Other News: PAYSCOUT (ACA); DATACAP (EMV); KINJERPAY (app); and ENTERSEKT (CREALOGIX). PAYSCOUT – Payscout, a global payment processing provider, says Fran Fisher has been appointed to the ACA International Council of Delegates. Fisher serves as the Strategic Sales and Business Development Manager-ARM for Payscout’s subsidiary company APS (Powered by Payscout). Fisher’s appointment came shortly…

Among Big 6: Cap One GDV Grows 2X Than Others

Among Big 6: Cap One GDV Grows 2X Than Others

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. Gross Dollar Volume (GDV) among the big six U.S. bank card issuers, rose an estimated 5.9% year-on-year (YOY) but down 8.1% sequentially in the first quarter (1Q/16).  Capital One grew more than twice than the other five. Capital One, like most bank credit card issuers, only reports purchase dollar volume…

U.S. Consumer Credit Remains in Low Single Digits YOY in May

U.S. Consumer Credit Remains in Low Single Digits YOY in May

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] May U.S. consumer revolving credit card debt remains weak growing at an annual rate of +3.0%, compared to a revised +1.7%% in April and a revised +13.2% in March. Overall consumer credit increased at a seasonally adjusted annual rate of +6.2% in May. Non-revolving credit increased at an annual rate of…

Defying Forecasts Late Stage Delinquency is Moderate

Defying Forecasts Late Stage Delinquency is Moderate

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The average late stage U.S. credit card delinquency (90+ day) among the nation’s top four issuers edged down 1 basis points (bps) sequentially, but up 5 bps year-on-year (YOY) for the first quarter (1Q/16). Early stage delinquency, the precursor of 90+ day delinquency, among the peer group, also declined in 1Q/16. For…

Visa and MC U.S. Credit & Debit CIF Break 1.2B

Visa and MC U.S. Credit & Debit CIF Break 1.2B

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. cards-in-force (CIF) for Visa and MasterCard payment cards (credit & debit) increased 6.5% year-on-year (YOY) in the first quarter (1Q/16). U.S. credit cards increased 7.4% YOY while CIF for debit cards rose 5.7% YOY, in 1Q/16. There are were 1218 million Visa and MasterCard payment cards in circulation in the…

U.S. Credit Card GTX Continues Outpace Debit Cards YOY

U.S. Credit Card GTX Continues Outpace Debit Cards YOY

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. gross transactions (GTX) for Visa and MasterCard credit and debit cards grew by 11.9% year-on-year (YOY) in the first quarter (1Q/16).  U.S. GTX for credit cards jumped 12.9% YOY while U.S. GTX for debit cards increased 11.5% YOY in 1Q/16. Visa’s U.S. GTX for credit cards rose 12.2% YOY as…