Top 4 U.S. Issuer Active Accounts Up Driven Solely by COF

Top 4 U.S. Issuer Active Accounts Up Driven Solely by COF

[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 4 U.S. issuers, edged up 4.2% year-on-year (YOY) in the first quarter (1Q/16). Capital One (COF) was the only issuer to post real positive YOY AAC gain in the first quarter. While Chase was up, BofA had…

Visa and MasterCard Payment Card CDV Rises 7.6% YOY

Visa and MasterCard Payment Card CDV Rises 7.6% 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 first quarter (1Q/16) grew at an annual rate (YOY) of 7.6%. The growth was driven by MasterCard debit cards. Visa U.S. payment card (credit + debit) CDV for 1Q/16 was up 7.4%. MasterCard U.S. payment card (credit…

U.S. Gross Credit Card Accounts Among Top 4 Issuers Flat YOY

U.S. Gross Credit Card Accounts Among Top 4 Issuers Flat YOY

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Gross or open accounts (GAC) for U.S. credit cards among the nation’s four largest issuers were flat year-on-year (YOY) in the first quarter (1Q/16) to 190.0 million, compared to 189.9 million one-year ago. The GAC growth is driven by Capital One, while Chase, Bank of America (BofA) and Citibank face YOY…

Capital One Posts Double-Digit YOY Gain in U.S. Cards-in-Force

Capital One Posts Double-Digit YOY Gain in U.S. Cards-in-Force

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. Credit Cards-in-Force (CIF) among the Top 4 issuers edged up by a mere 1.9% year-on-year (YOY) at the end of the first quarter (1Q/16) to an estimated 236.1 million cards, compared to 232.9 million in 4Q/15, and 231.6 million for 1Q/15. Capital One blew the other three top issuers away…

Visa Continues to Lead the Major 4 Networks in U.S. GDV YOY

Visa Continues to Lead the Major 4 Networks in U.S. GDV YOY

[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 9.0% year-on-year (YOY) in 1Q/16 reaching a record $1401 billion.   Visa led the way in the first quarter posting a 10.0% YOY gain for U.S. GDV. Visa reported first quarter GDV…

Other News: FISERV; CHECKALT; SAFETYPAY; and CARDX

In Other News: FISERV (Notifi); CHECKALT (Klik); SAFETYPAY (growth); and CARDX (Paychex). FISERV – Fiserv has launched a platform for the delivery of real-time alerts, enabling financial institutions to meet growing expectations among consumers and small businesses for information that is timely and actionable. Notifi from Fiserv consolidates information from across a financial institution’s systems…

Oberthur Beefs-Up its COSMO Fly Dual Interface Card

Oberthur Beefs-Up its COSMO Fly Dual Interface Card

Oberthur Technologies has unveiled its new multi-payment dual interface card developed on OT’s Global Platform and Java-based operating system. OT’s COSMO Fly v5.8 is the first dual interface product which includes the latest features from both Visa and MasterCard. It is the first MasterCard M/Chip Advance v1.2 certified products with multi-application requirements and also conforms…

Worldpay Total to be Standard for Omni-Channel Payments

Worldpay Total to be Standard for Omni-Channel Payments

Worldpay Total has been launched into mainland Europe, providing an Omni-channel payments service designed to help brands deliver a consistent and convenient shopping experience across all sales channels, from their website to the Point-of-Sale.  Worldpay Total will provide a unified alternative to the approach currently adopted by many brands which often requires them to work…

Other News: NRHA; EXADIGM; WELLS; and CARDFELLOW

In Other News: NRHA (PAI); EXADIGM (certification); WELLS (P2P); and CARDFELLOW (Square). NRHA – The North American Retail Hardware Association (NRHA) and Payment Alliance International (PAI) have formed a partnership to provide independent home improvement retailers with new credit card processing and payment services opportunities. A leader in electronic payment processing solutions, PAI currently serves over…

American Express and Facebook to Pilot Amex Bot for Messenger

American Express and Facebook to Pilot Amex Bot for Messenger

American Express and Facebook are working hand-in-hand to explore innovative new experiences to interact with Card Members in Messenger. American Express expects to launch a pilot Amex bot for Messenger in the coming months for eligible U.S. Consumer and OPEN Card Members who opt-in to participate. The concept demonstrated how American Express Card Members could…

Visa + MC U.S. GDV Rises 9.9% YOY Driven by Credit Cards

Visa + MC U.S. GDV Rises 9.9% YOY Driven by Credit Cards

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. Gross Dollar Volume (GDV) for Visa and MasterCard (credit + debit) in the first quarter (1Q/16) grew 9.9% year-on-year (YOY). Credit card growth outpaced debit cards in the U.S. by 150 basis points (bps) YOY. Visa U.S. payment card (credit + debit) GDV for 1Q/16 was up 10.0%. MasterCard U.S.…