Card Profits Among Big 6 Headed South in 2016

Card Profits Among Big 6 Headed South in 2016

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Profits (after tax) among the nation’s Big 6 U.S. credit card issuers declined 4.9% in the first quarter (1Q/16), compared to one year ago (YOY) and, down 2.0% sequentially (QTQ). Aggregate card after tax profits for the Big 6 issuers logged in at $3789 million for 1Q/16, compared to $3867 million…

Briefs: NAB; PARAGON; CREDITCALL; and VIRTUAL PIGGY

In Other News: NAB (Velocity); PARAGON (FSS); CREDITCALL (MEPSA); and VIRTUAL PIGGY (IMPACT). NAB – NAB Velocity, the front-end omnichannel payments platform from award-winning credit card processor North American Bancard Holdings, has entered into a partnership with Enspire Commerce’s RetailPoint, a cloud-based mobile point-of-sale (mPOS) customer engagement solution targeted to small and mid-sized businesses. The…

FICO Integrates Four New Analytic Tools

FICO Integrates Four New Analytic Tools

Four new analytic technologies recently patented by FICO are being integrated into solutions for cyber security, the Internet of Things (IoT), model governance, and optimization. FICO’s patent for Collaborative Profiling provides an efficient way to recognize when a person’s behavior is changing, and to rank-order the significance of those behavioral changes across many individuals. FICO’s…

Delta Airlines - First U.S. Carrier to Accept UnionPay Cards Online

Delta Airlines – First U.S. Carrier to Accept UnionPay Cards Online

Delta Air Lines has become the first U.S. airline to accept UnionPay cards online. On August 8, UnionPay International and Delta Air Lines jointly announced that the official website of Delta (delta.com) would accept UnionPay cards (card number starting with 62) issued both in mainland China and abroad. Previously, UnionPay International has cooperated with international…

Visa+MC Intl Debit Card Cash Transactions Post Solid Growth

Visa+MC Intl Debit Card Cash Transactions Post Solid Growth

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] International cash transactions (CTX) for Visa and MasterCard credit and debit cards grew by 8.7% year-on-year (YOY) in the first quarter (1Q/16). International CTX for credit cards decreased 1.2% YOY while international CTX for debit cards rose 9.4% YOY in 1Q/16. In the first quarter gross international payment card CTX for…

Biometrics Among Top Factors Driving M-Payment Security

Biometrics Among Top Factors Driving M-Payment Security

A new study reveals the emerging trends driving the global mobile payment security software market are the introduction of mobile biometrics; development of multi-factor authentication; and increased adoption of multimodal biometrics. Technavio’s latest report found that in the retail sector, the integration of biometric technologies in mobile devices can be used to recognize registered customers…