Discover Card Q1 Profits Slip w/Rising Charge-Offs – Yields Solid

Discover’s (DFS) credit card portfolio stayed in positive territory in the first quarter (1Q/17), while profits decreased reflecting a rising charge-offs. Discover’s total revenue rose 2.4% YOY to $2278 million for 1Q/17, compared to $2358 million in the prior quarter and $2224 million for the year ago quarter. For 2016, DFS averaged $2275 million per…

Cap One U.S. Card Profits Dip as Charge-Offs Soar & FICO Scores Slide

The nation’s second largest bank credit card issuer, Capital One (COF) continues to lead its peers in all metrics for the first quarter (1Q/17). For the first time, COF released a historic breakdown of its near-prime and sub-prime FICO scores based on end-of-period (EOP) U.S. credit card outstandings, according to CardData. COF reported 63% of…

TSYS Posts Decent Q1 Profit While Trimming Jobs and Diversifying

GA-based acquirer TSYS reported a solid first quarter (1Q/17) as total revenues hit $1185 million, a jump of 60.4% year-on-year (YOY). Net income increased 16.9% YOY from $90.6 million in 1Q/16 to $105.9 million in 1Q/17, according to CardData. The Company says the strategy of diversification has been paying-off for the first quarter. TSYS also…

Customer Engagement – Mobilizing Your Business Set for Late August

The Mobile Payments Conference (MPC), slated for August, is more than mobile payments, it is an invitation into a growing elite group of professionals who are holding a conversation that never ends. The conference is the pivotal intersection between end users, operations, marketing, finance and technology where it will be discussed and answer many questions.…

New EMV/NFC Mobile Card Readers Offer Extensive Payment Management Tools

FL-based Blue Dog Business Services is launching Fetch, a mobile card reader that allows businesses to accept EMV chip credit card payments on the go. The new mobile reader technology allows you to manage inventory, customer receipts and tipping options with real-time reporting. Two Blue Dog Fetch card readers will be available. One tethers to…

VE Kiosk Platform Brings Together ePort, More Loyalty with High Quality Vending Hardware

USA Technologies (USAT has buddied with Vendors Exchange (VE) brings together an industry leader in vending solutions for the convenience marketplace an innovator in next generation payment technology and provider of cashless and mobile transactions in self-serve retail. The partnership has produced the VE Kiosk platform. The VE Kiosk was built on the premise that…

PayRange Taps Into the Most Advanced Vending Machine Market in the World

OR-based PayRange has inked a deal with Sumitomo Mitsui Card Company (SMCC), a major merchant acquirer in Japan to expand the PayRange mobile payment solution to millions of Japanese vending machines. While Japan has among the most advanced vending machine markets in the world almost none of the vending machines take credit or debit cards.…

Wells Fargo Credit Card Portfolio Bad Sales Practices Impact Continues in Q1

Wells Fargo continues to reel from the bank’s fraudulent sales practices exposed last year, as new credit card account acquisitions fell more than 46% year-on-year (YOY) in the first quarter (1Q/17). Consumer credit card portfolio metrics remained soft with single digit YOY gains, and there was a noticeable uptick in charge-offs, according to CardData. The…