Citibank North America branded credit card profits declined 19.0% and Citi retail cards declined 5.5% year-on-year (YOY) in the fourth quarter (4Q/15). Citi branded cards continue to experience no growth in outstandings and impacted by increased acquisition and rewards costs. EOP outstandings declined 0.4% YOY from $67.5 billion one-year ago to $67.2 billion for…
U.S. Bank (USB) posted a 4.0% year-on-year (YOY) gain in consumer and commercial purchase dollar volume (PDV) for the fourth quarter (4Q/15) as outstandings increased 4.4% YOY. Net income for U.S. Bank Payment Services, which includes cards, consumer lines of credit and merchant processing, increased 7.2% YOY to $326 million. PDV (consumer + business cards)…
First Data is expanding its suite of Clover business management solutions with an EMV-enabled card reader that plugs into an iOS or Android tablet or smartphone and works with a Wi-Fi or cellular connection. The new Clover Go enables business owners of all sizes to seamlessly and securely accept payments outside of a traditional brick-and-mortar…
Diebold is introducing a new mobile-enabled self-checkout concept. The new concept combines the core capabilities of the automated teller machine (ATM) with the convenience of contactless mobile payments and self-checkout. Introducing simplicity to the in-store shopping experience, the new concept enables consumers to scan items they want to purchase while shopping in-store via their mobile…
MA-based Aila Technologies has unveiled a new iPad Pro-based Interactive Kiosk for in-store retail shoppers and an iPod Touch 6-based handheld device for sales associates. Aila’s Interactive Kiosks and Mobile Imagers feature the company’s TrueScan technology, which delivers clear, reliable scanning without the bulk of traditional scanners, giving Aila’s products the sleekest form factors on…
Next week MasterCard will become the only payment network in Canada to be offered by all major financial institutions. Desjardins, a Visa issuer, is adding two MasterCards for the first time. On January 18, 2016, Desjardins will begin issuing MasterCard credit cards. Desjardins currently has a portfolio of over 5.5 million Visa cards. Desjardins’s association…
PA-based Member Solutions is rolling-out a brand-new Point of Sale (POS) module for its myVolo online business management software. Member Solutions provides full-service membership billing, payment processing, business management software and advisory services for Martial Arts, Fitness and Health-related businesses. The release features an overhauled POS interface — bringing a completely new look and feel…
IBM has acquired a German company specializing in real-time analytics to help combat payment fraud. IRIS Analytics provides a real-time fraud analytics engine that leverages machine learning to generate rapid anti-fraud models while also supporting the creation and modification of ad-hoc models, proven successful on various sized payment platforms. Acting as a “virtual analyst” to…
Prague-based W.A.G. payment solutions, a/k/a Eurowag has picked up an investment from Houston-based TA Associates to become a minority owner. Serving international trucking companies, small haulers and operators of delivery and personal vehicle fleets, Eurowag offers a portfolio of cards for vehicle fueling, as well as toll payment solutions that provide a unified system of…
CardFlash.com Breaking News: INTERNAP (PCI); CALE (exec); TRANSFIRST (Bank Mutual); and INCOMM (Switch). INTERNAP – Internap announced the company’s managed hosting and colocation services meet the compliance requirements for PCI DSS v.3.1, the latest security standard from the PCI Council. As one of the first infrastructure providers to meet PCI’s updated standard, Internap is offering…