Perk Profits +51% & Rev +151%; Rolling Up Acquisitions

Perk Profits +51% & Rev +151%; Rolling Up Acquisitions

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] TX-based Perk.com reported total revenue increased by 155% year-on-year (YOY) to $17.7 million for the fourth quarter (4Q/15). Gross profit was $9.1 million, rising 51% YOY. The Perk.com fourth quarter was incredibly busy period. The Company partnered with NBC Universal to promote the launch of the Esquire Network’s first scripted series, which…

GPN 1Q/16 Profits Up 10%+; HPS Merger This Quarter

GPN 1Q/16 Profits Up 10%+; HPS Merger This Quarter

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Atlanta-based Global Payments (GPN) reported first calendar quarter (1Q/16) [fiscal third quarter] gross revenues grew 2.2% year-on-year (YOY), while net income rose 10.4% YOY. Revenues for North America increased 1.1% YOY. GPN is on track to close its merger with Heartland Payment Systems (HPS) during the second quarter. GPN will acquire…

Citi’s Retail Credit Card Metrics Wobble in 4Q/15

Citi’s Retail Credit Card Metrics Wobble in 4Q/15

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Citibank’s average yield for its U.S. retail credit card portfolio dropped 45 basis points (bps) in the fourth quarter (4Q/15), compared to the prior quarter, and down 31 bps year-on-year (YOY) to 16.49%. The net interest revenue (NIR) ratio, which includes some fees, also declined by 28 bps sequentially for 4Q/15,…

COF’s Whopping 18% PDV Gain Pushes Top 4 +8.7%

COF’s Whopping 18% PDV Gain Pushes Top 4 +8.7%

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. Purchase Dollar Volume (PDV) among the top four bank card issuers, rose 8.7% year-on-year (YOY) and 4.7% sequentially in the fourth quarter (4Q/15). Capital One grew more than twice YOY than the peer group total. The top four U.S. issuers racked up $307.3 billon in PDV for 4Q/15, compared to…

V+M PTX +11% YOY; Avg Credit TX $83 and Debit TX $37

V+M PTX +11% YOY; Avg Credit TX $83 and Debit TX $37

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Purchase transactions (PTX) for Visa and MasterCard credit and debit cards in the U.S. grew by 11.4% year-on-year (YOY) in the fourth quarter (4Q/15) to 19.9 billion. 
U.S. purchase transactions for Visa and MasterCard credit cards came in at 6388 million for 4Q/15, compared to 6133 million for the prior quarter and…

Card Network Profits Leap 20% YOY Topping $4B in 4Q

Card Network Profits Leap 20% YOY Topping $4B in 4Q

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Profits for the top four networks rose 20.1% year-on-year (YOY) in the fourth quarter (4Q/15). Visa, MasterCard, American Express and Discover reported a combined 4Q/15 profit of $4130 million, compared to $3895 million for 3Q/15 and $3439 for 4Q/15. Visa and Discover profits jumped 24% YOY in 4Q/15, compared to 20%…

Visa’s Takes 50 bps Marketshare from American Express

Visa’s Takes 50 bps Marketshare from American Express

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Visa continues to rule the market, growing its U.S. GDV marketshare from 57.8% in 4Q/14 to 58.3% in 4Q/15, largely at the expense of American Express. The nation’s four major payment card networks produced $1443 billion in U.S. gross dollar volume (GDV) in the fourth quarter (4Q/15) for an 8.1% year-on-year…

MasterCard’s European Region Remains Robust

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] MasterCard’s European region 4Q/15 Gross Dollar Volume (GDV) rose year-on-year (YOY) by 15.1% on a currency adjusted basis (FX) and solid compared to 4Q/14’s 15.9% YOY gain.  Europe is MasterCard’s second largest international region based on GDV and PDV. On a nominal basis, MasterCard’s Europe GDV declined 1.3% to US$341 billion…

Asia Pacific Still Rules Visa International Regions

Asia Pacific Still Rules Visa International Regions

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Visa’s Asia Pacific (AP) region Purchase Dollar Volume (PDV) growth edged down a bit year-on-year (YOY) to 15.7%, on a currency adjusted basis (FX) in the fourth quarter (4Q/15) to US$387 billion, compared to a 10.8% YOY growth rate in 4Q/14. 
Based on PDV, the AP region is fastest growing region…

Cap One Clobbers the U.S. Big 4 Card Issuer Peer Group

Cap One Clobbers the U.S. Big 4 Card Issuer Peer Group

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. Gross Dollar Volume (GDV) among the top four bank card issuers, rose an estimated 8.6% year-on-year (YOY) and 4.7% sequentially in the fourth quarter (4Q/15).  Capital One grew more than twice the other three top issuers. The top four U.S. issuers racked up an estimated $322.5 billon in GDV for…