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,…


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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.


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V+M INTL 3Q CTX

International cash transactions (CTX) for Visa and MasterCard credit and debit cards grew by 8.3% year-on-year (YOY) in the third quarter (3Q/15). International CTX for credit cards decreased 6.9% YOY while international CTX for debit cards rose 9.5% YOY in 3Q/15.


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Top 4 3Q US Marketshare

Among the top 4 U.S. bank credit card issuers Chase holds a commanding 24.7% marketshare, based on Visa and MasterCard purchase dollar volume (PDV) figures. Capital One, the hottest U.S. issuer, ranks #2 with a 12.4% marketshare.


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CO INTL 3Q

Capital One’s (COF) international credit card outstandings, not currency adjusted, increased 6.7% year-on-year (YOY) in the third quarter (3Q/15), while purchase dollar volume (PDV) soared 60.5% YOY. Delinquency dropped 69 basis points (bps) and charge-offs sunk 152 bps YOY.


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Big 6 3Q Marketshare

The Big 6 issuers, based on U.S. outstandings of $925 billion, controlled 51.8% of the U.S. bank credit card business at the end of the third quarter. Chase led the pack with a 13.7% share followed by Bank of America (BofA) at 9.5%; Capital one (COF) at 8.9%; Citibank (Citi) at 7.0%; American Express (AXP) at 6.7%; and Discover (DS) at 6.3%.


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SuMi & Diners

Tokyo-based Sumitomo Mitsui Trust Club is now the exclusive issuer and acquirer of Diners Club cards in Japan for Discover Financial Services’ Diners Club International.


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Permissionless Innovation

The Bancorp Finetics Studio video series, which features one-on-one conversations with more than 30 of the financial services industry’s most influential and innovative executives, has released its second installment.


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Khawaja & Hillary

Los Angeles-based Allied Wallet has the something in common with Democratic White House contender Hillary Clinton. Allied’s CEO Andy Khawaja met with Hillary Clinton to share their affinity for entrepreneurs.


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FreshDirect MasterPass

FreshDirect and MasterCard have inked a deal today to enable the online fresh food grocer to accept MasterPass.


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Jigoshop & Allied Wallet

Los Angeles-based provider of online payment processing and multi-currency merchant services, Allied Wallet, has integrated its e-commerce payment solution with Jigoshop’s WordPress e-commerce plugin.