Mercator Ankles Iacobuzio as Senior Manager

Mercator Ankles Iacobuzio as Senior Manager

Mercator Advisory Group has ankled Theodore Iacobuzio to the firm’s senior management team as Managing Director of Custom Research and Consulting Services. Most recently before joining Mercator Advisory Group, Ted was responsible for Global Insights, MasterCard Worldwide’s interdisciplinary thought leadership organization. With Global Insights he produced groundbreaking work in consumer acceptance of mobile payments technology,…

Defying Forecasts Late Stage Delinquency is Moderate

Defying Forecasts Late Stage Delinquency is Moderate

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The average late stage U.S. credit card delinquency (90+ day) among the nation’s top four issuers edged down 1 basis points (bps) sequentially, but up 5 bps year-on-year (YOY) for the first quarter (1Q/16). Early stage delinquency, the precursor of 90+ day delinquency, among the peer group, also declined in 1Q/16. For…

Visa and MC U.S. Credit & Debit CIF Break 1.2B

Visa and MC U.S. Credit & Debit CIF Break 1.2B

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. cards-in-force (CIF) for Visa and MasterCard payment cards (credit & debit) increased 6.5% year-on-year (YOY) in the first quarter (1Q/16). U.S. credit cards increased 7.4% YOY while CIF for debit cards rose 5.7% YOY, in 1Q/16. There are were 1218 million Visa and MasterCard payment cards in circulation in the…

U.S. Credit Card GTX Continues Outpace Debit Cards YOY

U.S. Credit Card GTX Continues Outpace Debit Cards YOY

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. gross transactions (GTX) for Visa and MasterCard credit and debit cards grew by 11.9% year-on-year (YOY) in the first quarter (1Q/16).  U.S. GTX for credit cards jumped 12.9% YOY while U.S. GTX for debit cards increased 11.5% YOY in 1Q/16. Visa’s U.S. GTX for credit cards rose 12.2% YOY as…

Romania to Offer Card Payments via Mobile Point-of-Sale (mPOS)

Romania to Offer Card Payments via Mobile Point-of-Sale (mPOS)

GoSwiff, UniCredit, and MasterCard have formed a partnership to launch mobile payments in Romania. The partnership is created to enable Allianz-Tiriac Asigurari agents to start accepting card payments with mobile point of sale (mPOS) for the insurance policies issued by the company. Allianz-Tiriac Asigurari is the first insurance company in Romania to offer this solution,…

UnionPay Unveils First Open Cross-Border Marketing Platform

UnionPay Unveils First Open Cross-Border Marketing Platform

UnionPay International and its first partners jointly announced in Shanghai the launch of “优计划”, the world’s first open cross-border marketing platform developed by a bankcard scheme. The partners involved in developing the platform include Bank of China, China Merchants Bank, CYTS, Ctrip, Spring Airlines, SaSa Hong Kong, Prince Jewelry & Watch, LUKFOOK JEWELLERY, and ISA.…

Cap One Muscles Out Big 6 in U.S. PDV Soaring 20%+ YOY

Cap One Muscles Out Big 6 in U.S. PDV Soaring 20%+ YOY

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. Purchase Dollar Volume (PDV), credit and debit cards, among the Big 6 U.S. card issuers, rose 7.5% year-on-year (YOY) for the first quarter (1Q/16). Capital One completely blew out the Big 6 pack by a nearly 2-to-1 margin.

 The Big 6 U.S. issuers racked up $479.8 billon in PDV for…

Charge-Offs Among Top 4 Issuers Head North in 2016

Charge-Offs Among Top 4 Issuers Head North in 2016

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Charge-offs among the nation’s top four U.S. issuers rose 5 basis points (bps) year-on-year (YOY) to 3.08%, and up 21 bps sequentially for the first quarter (1Q/16). All four issuers reported sharply higher credit card losses sequentially. Soaring Capital One losses drove the sequential gain for the peer group. The Chase…