Top 4 U.S. Credit Card Issuer Outstandings Up 9.1% YOY – CardData.com

U.S. credit card outstandings end-of-period (EOP) among the Top 4 U.S. issuers gained 9.1% in the third quarter (3Q/16) year-on-year (YOY) to $394.5 billion.  The gain was driven largely by Citibank as its acquisition of the Costco card portfolio from American Express has skyrocketed outstandings. BofA was unseated as the nation’s second largest in the second…

Penalty Fees

Penalty Fees YOY 2015

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] After rising predictably YOY for most of the last decade, penalty fee income continued to slide dropping to $11.5 billion in 2015, compared to $11.7 billion and $12.0 billion According to the R.K. Hammer Card Penalty Fee Index, the lowest level since Index began. Despite the decline in penalty fees, total…

US Debit Cards

US Debit Cards

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] New research shows young adults and high-income earners are shifting away from debit card use. The latest Insight Summary Report from Mercator Advisory Group’s CustomerMonitor Survey Series reveals usage by both demographic segments declined to a seven-year low in 2015, 52% of households earning $100,000 or more a year and 56%…

NAB CIO

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] MI-based credit card processor North American Bancard has ankled Jim Parkinson as chief information officer. In his new position, Parkinson will be responsible for the company’s IT operations, including IT engineering, PMO and the IT products and strategy teams. Parkinson comes to NAB with extensive experience with digital projects and strategies,…

Special Mentions

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] FREEDOMPAY – FreedomPay has launched of Pay-At-Table solution with PCI Validated Point-to-Point Encryption (PCI P2PE). Available on Ingenico Group’s iWL 258 wireless smart terminal and powered by FreedomPay’s payment gateway, the Pay-At-Table solution is a fully integrated solution with the point of sale at the merchant’s location. In 2016, FreedomPay will…


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Global 3Q CIF

Global payment cards-in force (CIF) [credit + debit] grew by 7.3% year-on-year (YOY) in the third quarter (3Q/15) to 4168 million. The growth has been largely driven by Visa and MasterCard’s international “inclusion” drive with debit (& prepaid) cards.


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Big 6 US 3Q PDV

U.S. Purchase Dollar Volume (PDV), credit and debit cards, among the Big 6 U.S. card issuers, rose 6.6% year-on-year (YOY) and 0.5% sequentially in the third quarter. Capital One completely blew out the Big 6 pack by a 3-to-1 margin.


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US 3Q Marketshare

The nation’s four major payment card networks produced $1400 billion in U.S. gross dollar volume (GDV) in the third quarter (3Q/15). Visa continues to rule the market, growing its U.S. GDV marketshare from 58.1% in 3Q/14 to 58.7% in 3Q/15, largely at the expense of American Express.


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Data Security 2016

Data breaches are the new normal. IT departments have to tackle constantly evolving security threats and many are struggling to keep up. Users continue to be the biggest threat to enterprise wide security, and in 2016, we’ll see a shift towards smart interoperable security tools which take the decision of what and when to encrypt out of their hands.


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Outlooks 2016

Next year will be full of complex challenges for pay-now product experts, as the last decade has been. Indicators suggest that less effort will be wasted on legal entanglements and arbitrary requirements and more thought and effort will be focused on improving the user experience, improving payment security, and solving real payments problems.


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Nifty 50 2016

CardWeb and CardFlash has huddled its writers and editors and offers the 2016 “Nifty 50” list of payment related companies to watch next year as they make more disruptions to the payments industry. Ranking is irrelevant but all are equally relevant.