Digital Money the Emerging Driver for MoneyGram

Digital Money the Emerging Driver for MoneyGram

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] MoneyGram continues to recover from the loss of the Walmart account and posted a strong first quarter (1Q/16). Digital money transfer transactions increased 23% year-on-year (YOY) and digital money transfer revenue grew 31% YOY. MoneyGram 1Q/16 gross revenues climbed 8.4% year-on-year (YOY) to $358.4 million, compared to $376.7 million for 4Q/15…

Strong US EMV Sales Push Gemalto Payments Business North

Strong US EMV Sales Push Gemalto Payments Business North

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Gemalto’s Payment business grew by +23% in 2015. The Americas posted the largest growth, with revenue almost doubling compared to previous year on strong sales of EMV payment cards and rapid expansion of issuance services in the U.S.  ARTICLE: Gemalto’s Payment business grew by +23% in 2015. The Americas posted the…

MasterCard Inks Big Partner Deal in Asia Pacific with Priority B2B

MasterCard Inks Big Partner Deal in Asia Pacific with Priority B2B

MasterCard has inked a new partnership in Asia Pacific with Priority B2B, targeting issuing banks to grow and deepen their commercial payment portfolios. The three goals of the deal is to: • Providing expertise on commercial payment systems – allowing the issuer’s customers to better understand commercial payment solutions and the relevance to their business…

BCBS Proposed UCC Changes May Impact US Intl Credit Cards

BCBS Proposed UCC Changes May Impact US Intl Credit Cards

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Basel Committee’s (BCBS) proposal to apply higher capital charges for “unconditionally cancelable lines of credit” (UCCs) could impact internationally active US credit card banks CET1 ratios on average by 375 basis points, absent any remedial measures from affected institutions. Fitch Ratings says, if implemented by the US authorities, the measures…

Metabank & Blackhawk Renew Prepaid Vows

Metabank & Blackhawk Renew Prepaid Vows

MetaBank has inked a new multi-year agreement with Blackhawk Network for marketing, servicing, and processing services for a broad range of consumer and corporate financial products issued by MetaBank. Blackhawk has chosen Metabank as the preferred issuer of network branded prepaid programs distributed through their network. Blackhawk Network Holdings is a major prepaid and payments…