Payments as a Service (PaaS) Need EMV-Enabled Security

Payments as a Service (PaaS) Need EMV-Enabled Security

As Payments as a Service (Paas) soars, multiple businesses have formed partnerships and rolled out new EMV-enabled security to protect sensitive payment information. According to the latest edition of the PYMNTS.com Payments as a Service Tracker, done collaboratively with Cayan, several companies have partnered with one another to improve their security going forward. Action Systems…

Major 4 Networks Quarterly Profits Slip, but Hang Around $4B

Major 4 Networks Quarterly Profits Slip, but Hang Around $4B

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Profits for the top four networks declined 1.9% year-on-year (YOY) in the first quarter (1Q/16). Visa, MasterCard, American Express and Discover reported a combined 1Q/16 profit of $3935 million, compared to $4012 million for 4Q/15 and $4012 for 1Q/15. The decline was led by MasterCard, while Visa posted the strongest gain…

Avg 30+ Day Delinquency Heads South for Top 4 Issuers

Avg 30+ Day Delinquency Heads South for Top 4 Issuers

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Average early stage delinquency (30+ days) for the first quarter (1Q/16), among the nation’s Top 4 issuers, dropped 9 basis points (bps) sequentially, and dropped year-on-year (YOY) by 1 bps. Two of the Top 4, reported declines. The nation’s largest issuer, Chase, reported delinquency increased to 1.45% in 1Q/16, compared to…

NFC FORUM; FIRST DATA; MASTERCARD; and CBW BANK

In Other News: NFC FORUM (report); FIRST DATA (SIVB); MASTERCARD (Microsoft); and CBW BANK (award). NFC FORUM – The NFC Forum announced the publication of a definitive white paper focused on the Internet of Things (IoT) and Near Field Communication (NFC) in the smart home. Titled ″Simplifying IoT: Connecting, Commissioning, and Controlling with Near Field…

flexReceipts Picks Up Investment from Synchrony

flexReceipts Picks Up Investment from Synchrony

Synchrony Financial is pumping money into flexReceipts, a provider of enriched digital receipts, data analytics and customer engagement solutions. Through its e-receipts functionality, flexReceipts provides retailers with SKU-level data and analytics on transactions, enabling the delivery of customized engagement offers based on behavioral insights. The investment was made through Synchrony Financial’s Strategic Investments Group, which…

Visa and MC Hit the One Billion Payment Card Accounts Milestone

Visa and MC Hit the One Billion Payment Card Accounts Milestone

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Visa and MasterCard U.S. gross (open) payment card accounts (GAC) for the first quarter (1Q/16) grew 7.1% year-on-year (YOY). U.S. credit GAC was up 7.4% YOY and U.S. debit GAC increased 6.9% YOY in 1Q/16. For the first time Visa and MasterCard set the one billion U.S. payment card accounts milestone.…

CUs Embrace Card Management Services for Digital Banking

CUs Embrace Card Management Services for Digital Banking

NCR’s Digital Insight and PSCU have added new credit card management capabilities enabling consumers to access credit card accounts alongside checking and savings accounts in online and mobile banking applications. Known as Card Management Services for Digital Banking, the new service will give consumers a fast and easy way to manage their credit card accounts…

Top 4 U.S.  issuers credit card outstandings 1Q/2016

Top 4 U.S.  issuers credit card outstandings 1Q/2016

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. credit card outstandings end-of-period (EOP) among the Top 4 U.S.  issuers gained 4.0% in the first quarter (1Q/16) year-on-year (YOY) to $362.0 billion.  The gain was driven entirely by Capital One, positioned to become the nation’s second largest issuer, based on outstandings, by end-of-year (EOY) 2016. BofA, the current second…