MC Leads the Major 4 Networks in Global GDV Growth

MC Leads the Major 4 Networks in Global GDV Growth

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Gross dollar volume (GDV) for Visa, MasterCard, American Express and Discover cards (credit + debit) globally was flat year-on-year (YOY) on a nominal dollars basis, for the fourth quarter (4Q/15). However, on a currency adjusted basis (FX) global GDV for the fourth quarter increased 9.8% YOY.  The major four networks posted…

GPN; BEVO; ONE; and NACHA

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] In Other News: GPN (China); BEVO (POS); ONE (Buckeye); and NACHA (Board). GPN – Global Payments is offering merchants in China the ability to accept Samsung Pay, a simple and safe mobile payment service that works almost anywhere you can swipe or tap your card. As a Samsung Pay-qualified payment provider,…

Visa Leads the Major 4 Networks in U.S. GDV Growth

Visa Leads the Major 4 Networks in U.S. GDV Growth

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Gross dollar volume (GDV) for Visa, MasterCard, American Express and Discover cards (credit + debit) in the U.S. climbed 8.1% year-on-year (YOY) in 4Q/15 reaching a record $1443 billion.
 Visa led the way in the fourth quarter posting a 8.9% YOY gain for U.S. GDV.

Visa reported fourth quarter GDV of $841…

Top 4 Outstandings Up 2.4% YOY Driven Entirely by COF

Top 4 Outstandings Up 2.4% YOY Driven Entirely by COF

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. credit card outstandings end-of-period (EOP) among the Top 4 U.S.  issuers gained a mere 2.4% in the fourth quarter (4Q/15) year-on-year (YOY) to $376.2 billion. The gain was driven entirely by Capital One, positioned to become the nation’s second largest issuer in 2016. 
Chase reported EOP U.S. credit card outstandings…

Smart Token Chain Connects Blockchain & Payment Systems

Smart Token Chain Connects Blockchain & Payment Systems

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The new Smart Contract Settlement Exchange connects diverse banking and other payments systems worldwide without requiring each institution to integrate to hundreds of upcoming proprietary blockchain payment systems. Smart Token Chain gives financial institutions the ability to create fully proprietary ledger systems and smart contract tools, yet easily exchange transaction and…

CARE Package to Deploy Popmoney for e-&m- Payments

CARE Package to Deploy Popmoney for e-&m- Payments

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Global humanitarian organization, CARE, is gearing up to accept donations via Fiserv’s Popmoney personal payment service. CARE will be one of the first organizations to accept donations through the Popmoney payment button on its website. People will also be able to make online or mobile donations via the network of more…

CPI Extends Market Life of Visa EMV Cards to 12 Yrs

CPI Extends Market Life of Visa EMV Cards to 12 Yrs

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Visa has certified CPI Card Group products to extend the maximum market life of Visa EMV cards to 12 years, in compliance with Visa’s recently announced EMV chip card approval policy. The comprehensive Visa product line includes cards meeting a variety of authentication needs, such as online only cards, dynamic data…

HYPERWALLET; AMEX; SAFEND; and MAGICPAY

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] In Other News: HYPERWALLET (API); AMEX (awards); SAFEND (Windows); and MAGICPAY (ranking). HYPERWALLET – Hyperwallet revealed its REST payout API would move into public beta following the company’s presentation at FinDEVr New York tomorrow. The API has been in private beta with select Hyperwallet clients since it was announced last October,…

Real Chargeback Costs are 3X the Actual POS TX

Real Chargeback Costs are 3X the Actual POS TX

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Chargebacks are a real pain. By the time returns, administrative costs, loss of future business with the customer, and other liabilities are accounted for, the estimated cost to merchants is nearly triple the amount of the sale—$270 for every hundred dollars in chargebacks. As many big retailers shutter storefronts and divert…

FEIG’s cVEND Contactless Payment Terminals Coming

FEIG’s cVEND Contactless Payment Terminals Coming

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] GA-based FEIG Electronics is unleashing its new cVEND secure payment solution next week. FEIG’s cVEND contactless payment terminals incorporate the Cardtek EMV Level 2 Kernel (L2K), providing certified EMV-related payment and security functionality on cVEND plug-in modules and standalone card readers. Together, cVEND payment devices and the Cardtek L2K are tightly…