USAT Reaches 1Q Inflection Point But Profits Allude

USAT Reaches 1Q Inflection Point But Profits Allude

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] USA Technologies (USAT), the king of unattended self-serve small-ticket payments (vending), has reached an inflection point. For the first quarter (1Q/16) revenues soared 32% year-on-year (YOY) and transaction volume spiked nearly 55% YOY. USAT posted $20.4 million in first quarter gross revenue, up a stunning 32.5% YOY, compared to $18.5 million…

Business Cards Drive AXP Intl Card Growth; LACC Stressed

Business Cards Drive AXP Intl Card Growth; LACC Stressed

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The American Express (AXP) International Consumer and Network Services (ICNS) unit posted nominal year-on-year (YOY) declines in revenue and income for the first quarter (1Q/16), but on a currency adjusted basis (FX), gross dollar volume (GDV) rose 100 basis points (bps), quarter-to-quarter (QTQ) and YOY, driven by international business card volume,…

CPI Sees Lower EMV Shipments; 1Q Impressive But Mixed

CPI Sees Lower EMV Shipments; 1Q Impressive But Mixed

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] EMV (chip cards) continue to drive CPI Card Group (CPI) top line performance, with shipments up 66% year-on-year (YOY) and up 6.6% quarter-to-quarter (QTQ) to 41.4 million, but the company expected better. Meanwhile, CPI’s prepaid business reported a 29% decline in revenue and a 49% slide in profits in the first…

Aussies Cautious on Credit Card Usage for 9th Straight Month

Aussies Cautious on Credit Card Usage for 9th Straight Month

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Australian credit card outstandings edged up by 1.8% year-on-year (YOY) in March. Credit card credit limits increased 3.3% YOY and the number of credit card accounts rose 2.6% YOY. The average balance per account in March declined 1.8% YOY to AU$3155, compared to AU$3155 for February, and AU$3158 for January 2016.

Credit…

Analytics Services to Drive Global M-Payments 36% CAGR

Analytics Services to Drive Global M-Payments 36% CAGR

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] A new report projects the global mobile payments market will grow at a CAGR of 36.26% by 2020. Asia-Pacific will lead the way forward. NOVONOUS says the industry is emerging as one of the most diverse, competitive and technologically complex market in the recent years. Currently the Global Mobile Payments market…

Digital Money the Emerging Driver for MoneyGram

Digital Money the Emerging Driver for MoneyGram

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] MoneyGram continues to recover from the loss of the Walmart account and posted a strong first quarter (1Q/16). Digital money transfer transactions increased 23% year-on-year (YOY) and digital money transfer revenue grew 31% YOY. MoneyGram 1Q/16 gross revenues climbed 8.4% year-on-year (YOY) to $358.4 million, compared to $376.7 million for 4Q/15…

Strong US EMV Sales Push Gemalto Payments Business North

Strong US EMV Sales Push Gemalto Payments Business North

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Gemalto’s Payment business grew by +23% in 2015. The Americas posted the largest growth, with revenue almost doubling compared to previous year on strong sales of EMV payment cards and rapid expansion of issuance services in the U.S.  ARTICLE: Gemalto’s Payment business grew by +23% in 2015. The Americas posted the…

PDV +17% and PTX +35% YOY in Visa’s CEMEA Region

PDV +17% and PTX +35% YOY in Visa’s CEMEA Region

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] After trailing off over the past four quarters Visa’s Central Europe – Middle East – Africa (CEMEA) region rebounded nicely in the first quarter (1Q/16). Purchase dollar volume (PDV) and purchase transactions (PTX) both soared well into double-digits year-on-year (YOY). The number of gross accounts (GAC) and cards-in-force (CIF) remained stable…

MC Europe 1Q Cash Volume Soars 25% FX YOY; PDV Steady

MC Europe 1Q Cash Volume Soars 25% FX YOY; PDV Steady

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] MasterCard’s European region remained solidly in double-digit year-on-year (YOY) gains for the first quarter (1Q/16). On a currency adjusted basis (FX) cash dollar volume (CDV) exploded more than 25% YOY and purchase transactions (PTX) topped 23% YOY in 1Q/16. Europe is MasterCard’s second largest international region based on GDV and MasterCard’s…

U.S. EMV and NFC Propel Verifone Profits to Stratosphere

U.S. EMV and NFC Propel Verifone Profits to Stratosphere

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Driven by EMV and Apple Pay-related sales, Verifone reported first quarter (1Q/16) net income skyrocketed more than 70% year-on-year (YOY), with most of the growth coming from the North America segment. The recent InterCard and AJB Software Design acquisitions will likely lift 2Q/16. Verifone reported 1Q/16 gross revenue of $514 million,…

Starbucks Cuts Reward Program Benes & Still Grows

Starbucks Cuts Reward Program Benes & Still Grows

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Despite devaluing its rewards program for customers by 20% in April, Starbucks Rewards continues to draw in more members by 16.5% year-on-year (YOY) in the latest quarter (1Q/16). According to First Annapolis , a consulting concern, Starbucks will be launching an open-loop Visa prepaid card with Chase and plans to enhance…