MasterCard’s APMEA Region Soaring in Transactions

MasterCard’s APMEA Region Soaring in Transactions

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] MasterCard’s Asia Pacific Middle East Africa (APMEA) region settles down in the first quarter (1Q/16), remaining in double-digits year-on-year (YOY) growth, currency adjusted (FX). Transactions soar around 20% YOY across all categories in 1Q/16. APMEA is MasterCard’s largest international region based on GDV and MasterCard’s fastest growing region, outside the U.S.…

CashStar Takes Digital Rewards to a New Level

CashStar Takes Digital Rewards to a New Level

CashStar rolled-out a new marketing innovation that allows merchants to use gift cards and other digital incentives to reward loyalty, surprise and delight consumers, run flash promotions, and resolve service issues securely via social channels. Demonstrating the direct link to revenue in social programs has been a challenge for merchants. With CashStar Social Engagement, merchants…

DBS of Singapore Issuing the UnionPay Platinum Debit Card

DBS of Singapore Issuing the UnionPay Platinum Debit Card

China’s UnionPay International cooperates with Development Bank of Singapore (DBS) in issuing the UnionPay platinum debit card. It is not only the first UnionPay card issued by the largest commercial bank in Singapore, but also the first UnionPay card with functions of UnionPay QuickPass, online payment and local transportation payment issued in the market. DBS,…

WePay Launches White Label Mobile Point of Sale Solution

WePay Launches White Label Mobile Point of Sale Solution

WePay, which fuels GoFundMe, FreshBooks, and Constant Contact, announced a white label mobile point of sale solution that enables platforms to seamlessly handle in-person payments in addition to online payments. WePay’s white label mobile point of sale solution enables platforms to seamlessly handle in-person payments in addition to online payments. Now any platform can offer…

BlueSnap Embraces MasterPass by MasterCard

BlueSnap Embraces MasterPass by MasterCard

BlueSnap says MasterPass by MasterCard is now available in its Powered Buy Platform to give merchants the frictionless checkout experience they need to reach global shoppers and solve checkout abandonment with higher payment conversions. MasterPass by MasterCard is a global, digital commerce platform that connects consumers with merchants, enabling them to make fast, seamless and…

ACA International Targets Trial Lawyers Over Arbitration

ACA International Targets Trial Lawyers Over Arbitration

The Consumer Financial Protection Bureau’s proposed rule on pre-dispute arbitration agreements that would ban class action waivers in contracts for many consumer financial products, such as bank accounts and credit cards, despite widespread criticism from ACA International, industry groups, academics, and policymakers. The rule, if finalized, would apply to providers of consumer financial products and…

Bankrate Poised for Super Growth with NextAdvisor Deal

Bankrate Poised for Super Growth with NextAdvisor Deal

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Bankrate reported gross revenue for the first quarter rose 4.8% YOY to $93.3 million, compared to $93.4 million in 4Q/15 and $89.0 million for 1Q/15. Adjusted net income for 1Q/16 declined 30.6% YOY to $10.9 million, compared to $13.8 million in the prior quarter and $15.7 million in the year ago…

USAT Reaches 1Q Inflection Point But Profits Allude

USAT Reaches 1Q Inflection Point But Profits Allude

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] USA Technologies (USAT), the king of unattended self-serve small-ticket payments (vending), has reached an inflection point. For the first quarter (1Q/16) revenues soared 32% year-on-year (YOY) and transaction volume spiked nearly 55% YOY. USAT posted $20.4 million in first quarter gross revenue, up a stunning 32.5% YOY, compared to $18.5 million…

Business Cards Drive AXP Intl Card Growth; LACC Stressed

Business Cards Drive AXP Intl Card Growth; LACC Stressed

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The American Express (AXP) International Consumer and Network Services (ICNS) unit posted nominal year-on-year (YOY) declines in revenue and income for the first quarter (1Q/16), but on a currency adjusted basis (FX), gross dollar volume (GDV) rose 100 basis points (bps), quarter-to-quarter (QTQ) and YOY, driven by international business card volume,…

CPI Sees Lower EMV Shipments; 1Q Impressive But Mixed

CPI Sees Lower EMV Shipments; 1Q Impressive But Mixed

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] EMV (chip cards) continue to drive CPI Card Group (CPI) top line performance, with shipments up 66% year-on-year (YOY) and up 6.6% quarter-to-quarter (QTQ) to 41.4 million, but the company expected better. Meanwhile, CPI’s prepaid business reported a 29% decline in revenue and a 49% slide in profits in the first…

Analytics Services to Drive Global M-Payments 36% CAGR

Analytics Services to Drive Global M-Payments 36% CAGR

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] A new report projects the global mobile payments market will grow at a CAGR of 36.26% by 2020. Asia-Pacific will lead the way forward. NOVONOUS says the industry is emerging as one of the most diverse, competitive and technologically complex market in the recent years. Currently the Global Mobile Payments market…