V+M Intl Debit Card GDV Continues to Soften in 4Q/15

V+M Intl Debit Card GDV Continues to Soften in 4Q/15

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Visa and MasterCard international card gross dollar volume (GDV) for the fourth quarter (4Q/15) posted $1870 billion, compared to $1953 billion one-year ago. However, the nominal year-on-year (YOY) change is meaningless. 
On a currency adjusted (FX) basis, for 4Q/15, GDV for Visa international credit cards have been growing steadily, up 150…

Big 6 30+ Day Card Delinquency Edges Upward in 4Q/15

Big 6 30+ Day Card Delinquency Edges Upward in 4Q/15

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Early stage delinquency (30+ days) among the nation’s top 6 issuers climbed 5 basis points (bps) sequentially in the fourth quarter (4Q/15) to 1.81%, but remains below last year’s 1.84%. Five of the Big 6, including Chase, Bank of America, Capital One. Citibank, and Discover, posted higher delinquency in 4Q/15. However,…

Boku Brings Direct Carrier Billing to Central Europe

Boku Brings Direct Carrier Billing to Central Europe

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] San Francisco-based Boku, a specialist in direct carrier billing-based mobile payments, announced a series of new partnerships to bring direct carrier billing to Google Play for more than 75 million mobile subscribers across 3 major European markets. As a result of the new deals, subscribers can use one-tap mobile payments to…

MiCamp Solutions to Provide SBE with Complete P2PE

MiCamp Solutions to Provide SBE with Complete P2PE

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] MiCamp Solutions will integrate EMV compliancy into all SBE locations to allow for maximum payment processing security to protect customers from fraud when using their credit or debit cards. In addition, MiCamp Solutions will provide SBE with complete Point-to-Point Encryption (P2PE) while implementing tokenization for added payment processing solutions. Founded on…

Revel Opens Dallas Office for its iPad POS Solution

Revel Opens Dallas Office for its iPad POS Solution

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] San Francisco-based Revel Systems has opened a new office in Dallas to scale its domestic operations and meet existing demand for its iPad Point of Sale solution in Texas. With Dallas currently leading all major U.S. metropolitan areas for small business job growth (according to a March 2016 report from Paychex),…

Cheesecake Factory and MyCheck to Intro CakePay in April

Cheesecake Factory and MyCheck to Intro CakePay in April

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Cheesecake Factory has picked MyCheck as the mobile payment platform provider for its new mobile payment app called CakePay.  The app will begin rolling out nationwide next month. From the guest perspective, CakePay works as follows: The guest checks-in to a location. 2. A four digit code is generated and…

UATP and Air Canada Unveil the ACGlobe Program

UATP and Air Canada Unveil the ACGlobe Program

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] UATP and Air Canada introduced the ACGlobe program for corporate travelers. Multi Service will manage the corporate payment solution for the airline, which will issue a branded card for program users. Air Canada is the preferred airline of 86 per cent of Canadian business travelers. UATP is a global payment solution…

Visa Becomes Partner of the U.S.-China Tourism Year

Visa Becomes Partner of the U.S.-China Tourism Year

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Visa inked a Cooperation Plan with the China National Tourism Administration (CNTA), establishing Visa as a strategic partner of the U.S.-China Tourism Year. The landmark collaboration between the CNTA, the U.S. Department of Commerce and Visa will provide for a year-long series of events designed to enhance tourism, trade cooperation, and…

Mobile Wallets Set to Take Off Big Time

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Consumers are finally awakening to mobile wallets and the market is set to explode. As the barriers to wallet adoption drop, and issues with merchant adoption and consumer hesitation lessen, FI-branded wallets stand ready to reap the benefits. JAVELIN released, What’s in your Mobile Wallet?, and introduced JAVELIN’s S.C.O.R.E. wallet analysis…

Other News: GREENDOT; M-PAYMENTS; OBS; and ZOOZ

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] In Other News: GREENDOT (award); M-PAYMENTS (forecast); OBS (KFCU); and ZOOZ (Android). GREEN DOT – Green Dot announced its GoBank mobile checking account was honored at the 2016 PYMNTS Innovator Awards in the Best Check Innovation category. Announced at a live ceremony and awards dinner on March 17th, GoBank was presented…

Flywire Inks a Sponsorship Agreement with USCIPP

Flywire Inks a Sponsorship Agreement with USCIPP

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Flywire, f/k/a peerTransfer, announced a new sponsorship agreement with USCIPP, the U.S. Cooperative for International Patient Programs. USCIPP is the premier non-profit organization dedicated to expanding global access to U.S. expertise in high-quality healthcare. The agreement comes on the heels of Flywire’s entry into the $40B international patient care industry, announced…

Faux Omni-Channel is the Reality

Faux Omni-Channel is the Reality

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Many retailers have taken the “just get something done” approach over the last few years to attempt to deliver a cross-channel customer experience. According to a new special report from Boston Retail Partners (BRP), retailers recognize the need for a holistic customer experience that transcends channels, but most attempts are falling…