Square Revenue Accelerates to the Stratosphere

Square Revenue Accelerates to the Stratosphere

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Square reported total revenue of $1267.1 million for full year 2015, a stunning 49.0% year-on-year (YOY) increase over the same period in 2014. For the fourth quarter (4Q/15) total revenue soared by 49.2% YOY to $374.4 million. Gross Payment Volume (GPV) increased 47% YOY to $10.2 billion. For the full year…

Card Network Profits Leap 20% YOY Topping $4B in 4Q

Card Network Profits Leap 20% YOY Topping $4B in 4Q

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Profits for the top four networks rose 20.1% year-on-year (YOY) in the fourth quarter (4Q/15). Visa, MasterCard, American Express and Discover reported a combined 4Q/15 profit of $4130 million, compared to $3895 million for 3Q/15 and $3439 for 4Q/15. Visa and Discover profits jumped 24% YOY in 4Q/15, compared to 20%…

Visa’s Takes 50 bps Marketshare from American Express

Visa’s Takes 50 bps Marketshare from American Express

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Visa continues to rule the market, growing its U.S. GDV marketshare from 57.8% in 4Q/14 to 58.3% in 4Q/15, largely at the expense of American Express. The nation’s four major payment card networks produced $1443 billion in U.S. gross dollar volume (GDV) in the fourth quarter (4Q/15) for an 8.1% year-on-year…

Consumer Revolving Credit Returns to Positive Growth in Feb

Consumer Revolving Credit Returns to Positive Growth in Feb

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] February consumer revolving credit card debt increased at an annual rate of +3.7%, compared to -0.3% in January and +6.5% in December. ARTICLE: February consumer revolving credit card debt increased at an annual rate of +3.7%, compared to -0.3% in January and +6.5% in December. Overall consumer credit increased at a…

FIDO Alliance Certifications Soar 50% YOY in 1Q

FIDO Alliance Certifications Soar 50% YOY in 1Q

The number of FIDO certified products soared in the first quarter. FIDO authentication is now enabled on devices from the top five global handset manufacturers. Additionally, service providers including Google, PayPal, Samsung, Bank of America, NTT DOCOMO, Dropbox, and GitHub have made FIDO authentication available to protect hundreds of millions of end-users’ desktop and mobile…

BAMS; WU; EVERCOMPLIANT; and BLACKHAWK

In Other News: BAMS (Europe); WU (EDGE); EVERCOMPLIANT (MerchantView); and BLACKHAWK (acquisition). BAMS – Banc of America Merchant Services is expanding to Europe and create a new London-headquartered unit, BofA Merrill Lynch Merchant Services (Europe) Limited (BofAML Merchant Services). WU – Western Union Business Solutions is launching WU EDGE, its ground-breaking digital platform which will…

Cap One Clobbers the U.S. Big 4 Card Issuer Peer Group

Cap One Clobbers the U.S. Big 4 Card Issuer Peer Group

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. Gross Dollar Volume (GDV) among the top four bank card issuers, rose an estimated 8.6% year-on-year (YOY) and 4.7% sequentially in the fourth quarter (4Q/15).  Capital One grew more than twice the other three top issuers. The top four U.S. issuers racked up an estimated $322.5 billon in GDV for…

Credit Card Yield Remains Solid Despite Wobbly Metrics

Credit Card Yield Remains Solid Despite Wobbly Metrics

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The average yield among the nations’s top six bank credit card issuers came in at 11.30% for the fourth quarter (4Q/15), compared to 11.26% in the prior quarter, and 11.12% for 4Q/14. Capital One (COF), the nation’s fastest growing major credit card issuer, again posted the highest yields, besting the average…