V+M Intl GTX Running Strong Driven by Debit Products

V+M Intl GTX Running Strong Driven by Debit Products

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] International gross transactions (GTX) for Visa and MasterCard credit and debit cards grew by 16.9% year-on-year (YOY) in the fourth quarter (4Q/15). International GTX for credit cards increased 11.3% YOY while international GTX for debit cards soared 19.5% YOY in 4Q/15. 
In the fourth quarter gross international GTX for Visa and…

Chase, BofA & Citi Facing Sequential Account Erosion

Chase, BofA & Citi Facing Sequential Account Erosion

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Gross or open accounts (GAC) for U.S. credit cards among the nation’s four largest issuers edged down by 0.4% year-on-year (YOY) in the four quarter (4Q/15) quarter to 187.1 million, compared to 187.9 million one-year ago. 

The GAC growth is driven by Capital One, while Chase, Bank of America (BofA) and…

FleetCor North American Transactions Rock-n-Rolling

FleetCor North American Transactions Rock-n-Rolling

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] GA-based FleetCor Technologies (FLT), a major provider of fuel cards and workforce payment products to businesses, reported total revenues increased 14.3% year-on-year (YOY) for the fourth quarter (4Q/15) as net income declined sharply by -51.8% YOY, due to two one-off expenses. North America transactions soared 57.7% YOY while international transactions declined…

Big 6 Issuers Struggle with Stimulating Inactive Accounts

Big 6 Issuers Struggle with Stimulating Inactive 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, slipped 2.5% year-on-year (YOY) in the fourth quarter (4Q/15). Capital One was the only issuer to post a positive YOY AAC gain in 4Q/15. Citibank had the sharpest decline. There were 157.5 million active…

Western Union Slips a Tad; U.S. Outbound Remains Strong

Western Union Slips a Tad; U.S. Outbound Remains Strong

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Western Union (WU) fourth quarter (4Q/15) GAAP revenues, on a currency adjusted basis (FX), declined 1.3% year-on-year (YOY), while GAAP net income slipped 4.2% YOY. WU consumer-to-consumer (C2C) GAAP revenues FX declined 1.7% YOY, while consumer-to-business (C2B) GAAP revenues FX declined 5.8% YOY WU reported total GAAP Revenues FX of $1453.9…

MCPS Ankles New SVP/CIO & Opens New Ops Center

MCPS Ankles New SVP/CIO & Opens New Ops Center

TX-based Merchants’ Choice Payment Solutions (MCPS), a/k/a Delta Card Services has ankled Robin Laskowski for the position of Senior Vice President and Chief Information Officer. MCPS also announced the opening of their new 30,000 square foot operations center. Before joining Merchants’ Choice, Ms. Laswkowski held the position of Client Solutions Director & Sales for SmartDog…

Top 4 Issuers Eke Out US CIF Growth Thanks to COF

Top 4 Issuers Eke Out US CIF Growth Thanks to COF

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. Credit Cards-in-Force (CIF) among the Top 4 issuers edged up by a mere 1.0% year-on-year (YOY) at the end of the fourth quarter (4Q/15) to a largely estimated 232.9 million cards.  
Capital One blew the other three top issuers away in the fourth quarter, as the only issuer with positive…