Capital One EOY Outstandings – Solid #2 U.S. Issuer – Q4 Profits Plateau

Among the biggest bank credit card issuers in the U.S., Capital One (COF) continues to lead the way in every metric, except charge-offs. Based on fourth quarter (4Q/16) figures COF surpassed Bank of America (BAC) as the nation’s second largest issuer, by $5 billion, according to CardData. COF posted double digit year-on-year (YOY) gains in…

NFC, HCE, BLE, and QR Codes Driving Mobile Payments Globally

The global mobile wallet services market is expected to grow at a CAGR of 42% over the next five years due to the multiple functionalities they can offer both buyers as well as suppliers. A new report from Technavio,‘Global Mobile Wallet Services: Procurement Intelligence Report 2017-2021’ finds cost-saving opportunities can be leveraged if buyers have…

Airlines Profits Linked to Deployment of Robust Mobile Payment Solutions

Already accustomed to using smartphones to pay for everything from shared rides to in-app retail purchases, airline passengers are demanding access to the most popular digital wallet solutions and alternative payment methods (APMs) to meet their travel needs, such as Android Pay, Apple Pay, PayPal, MasterPass, Visa Checkout and Alipay. A new report from CellPoint…

LocoMobi Nails the Chicago Skyway Toll Bridge Payments Contract

Toronto-based LocoMobi, a specialist in cloud ecosystems for parking, is developing a fully integrated transportation system for parking, tolling and transit, creating an infrastructure that allows people and cars to move easily from city to city. The Chicago Skyway Toll Bridge serves over 14 million customers per year. LocoMobi’s license plate recognition technology will be…

Mastercard and Soros to Catalyze & Accelerate Economic Development for Vulnerable

Mastercard has emerged as one of the world’s leader in financial inclusion initiatives and has now teamed up with Budapest-born investor George Soros to create Humanity Ventures. The enterprise could catalyze and accelerate economic and social development for vulnerable communities around the world, especially refugees and migrants. Mastercard CEO Ajay Banga and George Soros met…

Credit/Debit Card Payments Maintain Lion’s Share of All U.S. Consumer Payments

Purchases of goods and services totaled $9.550 trillion in 2015, up 3.4% year-on-year (YOY). The four card-based methods of payment of credit, debit, prepaid, and electronic benefits transfer generated $5.665 trillion in purchases or 59.32% of all consumer payment systems volume. Credit cards accounted for $2.932 billion, 30.70% of volume. Debit cards accounted for $2.420,…

SMEs Targeted for NFC-Enabled EMV-Compliant Groovv POS Flex

Samsung Electronics America and Total Merchant Services unveiled Groovv POS Flex, a comprehensive and easy to use point-of-sale (POS) solution designed specifically for small- to mid-sized businesses. Groovv POS Flex features a Samsung Galaxy Tab E 9.6” Tablet and an EMV-compliant and NFC-enabled payment processing device, which are pre-programmed with a full suite of software…

Mastercard Europe Softens Up as PDV Slips but PTX & CIF Solid

Mastercard’s European region posted sluggish year-on-year (YOY) gains for the third quarter (3Q/16), according to CardData.com. While, on a currency adjusted basis (FX), cash dollar volume (CDV) jumped more than 22% YOY, purchase dollar volume (PDV) declined more than 2% and gross dollar volume (GDV) increase a mere 5.4%. Europe is Mastercard’s second largest international…

Gemalto Protects BNP Paribas Wa! Mobile Wallet in France

BNP Paribas is deploying Gemalto’s Mobile Protector, a highly secure solution to protect Wa!, a multi-brand, omni-channel mobile wallet that combines payments, shopping coupons and loyalty programs. Gemalto’s Mobile Protector encompasses an SDK (Software Development Kit), and both a customer enrollment and an authentication server. The solution delivers comprehensive security for all mobile payments made…