MasterCard Fourth Quarter Profits Rise 18% YOY FX

MasterCard Fourth Quarter Profits Rise 18% YOY FX

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] MasterCard (MC) fourth quarter (4Q/15) profits rose 11.0% year-on-year (YOY), or up 18% on a currency adjusted basis (FX) to $977 million.  Cross-border volume rose 12% and gross dollar volume (GDV) rose 13%, on a local currency basis, to $1.2 trillion; and processed transactions increased 12% to 13.0 billion and end-of-period…

Nexonia and Abila Integrate Solutions for Nonprofits

Nexonia and Abila Integrate Solutions for Nonprofits

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Nexonia and Abila ink a new partnership and integration deal. Nexonia helps nonprofit organizations manage their payments. Nexonia will integrate with Abila’s fund accounting solutions. With this new partnership, Nexonia Expenses integrates seamlessly in both directions with Abila MIP Advance and Abila MIP Fund Accounting, providing nonprofit organizations with an all-encompassing…

AmEx 4Q/15 U.S. Card Profits Climb 20% YOY

AmEx 4Q/15 U.S. Card Profits Climb 20% YOY

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] American Express (AmEx) fourth quarter (4Q/15) profits rose year-on-year (YOY) by 20.0% to $799 million. U.S. credit card outstandings declined 18.0% YOY to $51.4 billion, compared to $62.1 billion in the prior quarter and $62.6 billion in year ago quarter.  U.S. credit card Purchase Dollar Volume (PDV) rose 5.0% YOY to…

Capital One U.S. Cards Continue to Kick Butt in 4Q

Capital One U.S. Cards Continue to Kick Butt in 4Q

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Capital One (COF) continues to lead the U.S. credit card industry in outstandings and volume growth, posting a strong 13% year-on-year (YOY) gain in end-of-period (EOP) outstandings and a whopping 18% surge in Purchase Dollar Volume (PDV) for the fourth quarter. As the most U.S. inclusive issuer, COF U.S. cards reported…

TD APP Adopts Visa’s HCE Tokenization for Android

TD APP Adopts Visa’s HCE Tokenization for Android

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] TD Bank Group is the first Canadian financial institution to adopt Visa’s global standard tokenization technology for its TD app for the Android operating system. Powered by Host Card Emulation (HCE), this tokenization technology provides TD customers with enhanced security by substituting sensitive account information with encrypted “tokens” during mobile payment…

PDQ Signature Systems and Datacap Team for EMV

PDQ Signature Systems and Datacap Team for EMV

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] PDQ Signature Systems, a Pennsylvania-based restaurant and QSR Point of Sale provider, now supports US EMV through virtually all US processors via Datacap’s integrated payments solutions. As one of the first POS providers in the country to install EMV-enabled payments in August 2015, PDQ Signature Systems now has thousands of EMV-enabled…

The Clearing House

AccessGateway & Clearing House Team for Real-Time Payments

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] UK-based AccessGateway has announced they will work with The Clearing House (TCH) to link U.S. banks to a new national real-time payments system under development. The announcement comes several weeks’ after TCH revealed that work had commenced on building the industrial-strength payments system, which once completed will be the most comprehensive…

TSYS and Ethoca Team Lower CNP Fraud

TSYS and Ethoca Team Lower CNP Fraud

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] TSYS has inked an agreement with Ethoca, a global provider of collaboration-based technology that enables card issuers and e-commerce merchants to stop card-not-present fraud, recover lost revenue and eliminate chargebacks. Launched through this agreement, the TSYS Transaction Recovery Network, powered by Ethoca, provides near real-time notification of confirmed fraud that empowers…

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487 Consulting Services Signs on to SAP AribaPay

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] 487 Consulting Services has signed on to AribaPay. An innovative service offered by SAP Ariba as part of its comprehensive financial supply chain management solutions, AribaPay automates payments between companies. And using it, 487 Consulting Services is able to receive and reconcile payments more quickly and efficiently than ever before. Despite…

US Bank Offers C2C Payments via clearXchange Network

US Bank Offers C2C Payments via clearXchange Network

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. Bank is enabling its customers to send money to and request payment from anyone across the country with an option for those funds to be available in real time as U.S. Bank goes live on the clearXchange network. The new service requires only an email address or mobile phone number…

AmEx & CFO Survey Worldwide Finance Executives

AmEx & CFO Survey Worldwide Finance Executives

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] While U.S. finance executives are less optimistic than last year, their confidence in the U.S. economy remains above the global average of 65%. According to a new survey from American Express and CFO Research, 75% of U.S. finance executives report that their companies’ revenues are higher now than a year ago,…

Perk.com Inks a Partnership with Thumbstar Games

Perk.com Inks a Partnership with Thumbstar Games

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Perk.com has inked a partnership with Thumbstar Games, a digital developer, distributor and publisher of mobile games. Perk has partnered with Thumbstar Games in the launch of their app, Learn2Fly, which will include Perk’s Appsaholic Rewarded Moments SDK, a highly customizable software development kit that leverages Perk’s rewards platform to retain,…