S&P Average Correlates with Card Profits

S&P Average Correlates with Card Profits

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Credit card profits have rebounded nicely during the recovery period following the Great Recession. According to R.K. Hammer’s Card Knowledge Factory, the pre-tax ROA (return on assets) for credit cards, during the Great Recession (2008-2009) averaged 2.88% (between 1.50% and 4.25%), while the S&P 500 averaged 1009, (2008 EOY at 903…

Credit Card & Overall Decline in Spending

Credit Card & Overall Decline in Spending

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Credit spending growth slipped downward in May to 2.4% while SIG and PIN debit each increased slightly over April. According to aggregate same store sales activity in the First Data Point of Sale Network, was impacted by performance in Food Services & Drinking Places, Food & Beverage Stores, Travel, and General…

Do Millennials Have & Use Cards?

Do Millennials Have & Use Cards?

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Two recent surveys have found conflicting data regarding millennials. Bankrate says 64% of millennials do not own a credit card, while FICO consumer research shows that 83% of Millennials fully use credit cards to fund their lifestyle. The Bankrate study shows that credit card usage increases with age, wherein 55% of…

Swiftch Deploys Thales payShield 9000 HSMs 

Swiftch Deploys Thales payShield 9000 HSMs 

Dubai-based Swiftch, a payment securing the first Visa Ready and MasterCard self-certified mobile card payment acceptance solution for merchants and acquirers throughout the United Arab Emirates (UAE), is using the Thales payShield 9000 hardware security modules (HSMs). UAE is highly developed in terms of IT infrastructure, internet and smartphone usage, and yet cash is still…

Application Fraud and Account Takeover Post-EMV U.S.

Application Fraud and Account Takeover

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Mitigating credit and debit card fraud could be challenging since the start of U.S. EMV migration. A new report find issuers experience $10.9 billion in direct annual losses to card fraud overall. The LexisNexis Risk Solutions card issuer fraud study, Issuers Confront Application Fraud and Account Takeover in a Post-EMV U.S.,…

Credit Card Complaints Settle Down but CRA - NOT

Credit Card Complaints Settle Down but CRA – NOT

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The latest Consumer Financial Protection Bureau (CFPB) monthly consumer complaint snapshot finds credit reporting complaints lead the pack, but bank credit card issuers land second place. However, overall credit card complaints declined 2%. By average monthly complaint volume, Equifax (1,014), Experian (911), (765) were the most-complained-about companies for December 2015. Capital…

MC’s X-Border Volume YOY Gain Blows-Out Visa

MC’s X-Border Volume YOY Gain Blows-Out Visa

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] MasterCard’s cross-border transaction volume, on a currency adjusted basis (FX), exploded in the first quarter (1Q/16) outpacing Visa for the first time by 130 basis points (bps) year-on-year (YOY). Sequentially, quarter-to-quarter (QTQ), MasterCard scored a 540 bps YOY gain, compared to Visa’s 100 bps gain YOY. Cross-border volume refers to payments…