Seamless SEQR Acquires MeaWallet with HCE Technology

Seamless SEQR Acquires MeaWallet with HCE Technology

Seamless has snagged the Norwegian technology company MeaWallet. The purchase price amounts to approximately SEK 42,8 million and payment is made through an issue in kind of 4,574,328 new shares in Seamless. Through the acquisition Seamless controls important technology in the rapidly growing field of contactless payments. Through the acquisition of MeaWallet, Seamless acquires important…

Big 6 U.S. Issuers Struggle with Active Accounts

Big 6 U.S. Issuers Struggle with Active Accounts

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. bank credit card active accounts (AAC) (accounts with sales activity), among the top six U.S. issuers, inched up 0.8% year-on-year (YOY) in the first quarter (1Q/16). There were 158.4 million active bank credit card accounts for 1Q/16 in the U.S. among the top six issuers: Citibank; Capital One; Chase, Bank…

Citi Picks Up Marketshare While the Other Top 4 Lose to Smaller Issuers

Citi Picks Up Marketshare While the Other Top 4 Lose to Smaller Issuers

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. credit card marketshare, based on purchase dollar volume (PDV) among the top 4 U.S. bank credit card issuers, shows Citi was the only issuer with a positive gain in the first quarter (1Q/16), compared to the prior quarter. While Chase continues to hold a commanding 24.5% marketshare for 1Q/16, there…

Intl Card GDV - Visa Rules Credit; MasterCard Rules Debit

Intl Card GDV – Visa Rules Credit; MasterCard Rules Debit

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Visa and MasterCard international credit card gross dollar volume (GDV) for the first quarter (1Q/16) rose 10.8%, on a currency adjusted basis (FX), year-on-year (YOY). For international debit cards, Visa and MasterCard GDV increased 12.6% YOY FX. Visa outpaced MasterCard in international credit cards 1Q/16 YOY FX growth, while MasterCard took…

First Data & Ingenico Supports EMV Tip Adjust and Common AID

First Data & Ingenico Supports EMV Tip Adjust and Common AID

First Data and Ingenico Group announced that First Data is now offering a new payment acceptance solution leveraging Ingenico Group’s smart terminals that supports EMV tip adjust and Common AID. First Data has Class B+ certified this new solution on its Omaha Platform. First Data’s Omaha application will run on select versions of Ingenico Group’s…

Briefs: PAYSCOUT; DATACAP; KINJERPAY; and ENTERSEKT

In Other News: PAYSCOUT (ACA); DATACAP (EMV); KINJERPAY (app); and ENTERSEKT (CREALOGIX). PAYSCOUT – Payscout, a global payment processing provider, says Fran Fisher has been appointed to the ACA International Council of Delegates. Fisher serves as the Strategic Sales and Business Development Manager-ARM for Payscout’s subsidiary company APS (Powered by Payscout). Fisher’s appointment came shortly…

Among Big 6: Cap One GDV Grows 2X Than Others

Among Big 6: Cap One GDV Grows 2X Than Others

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. Gross Dollar Volume (GDV) among the big six U.S. bank card issuers, rose an estimated 5.9% year-on-year (YOY) but down 8.1% sequentially in the first quarter (1Q/16).  Capital One grew more than twice than the other five. Capital One, like most bank credit card issuers, only reports purchase dollar volume…

U.S. Consumer Credit Remains in Low Single Digits YOY in May

U.S. Consumer Credit Remains in Low Single Digits YOY in May

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] May U.S. consumer revolving credit card debt remains weak growing at an annual rate of +3.0%, compared to a revised +1.7%% in April and a revised +13.2% in March. Overall consumer credit increased at a seasonally adjusted annual rate of +6.2% in May. Non-revolving credit increased at an annual rate of…