While Losing Marketshare BofA Holds Stable Q4 Credit Card Performance

The nation’s third largest Visa and MasterCard issuer continued to struggle in the fourth quarter (4Q/16) with sluggish outstandings (OUT) and purchase dollar volume (PDV) growth, but other metrics, remain fairly stable, according to CardData. Pre-tax net income edged down 1.8% YOY to $1290 million in 4Q/16, compared to $1218 million in the prior quarter…

Cost-Optimization Levers Helps Buyers of Network Payment Services

The global network payment services market is expected to witness momentous growth at a CAGR of 7.7% over the next five years due to the widespread adoption of digital payment solutions by not just businesses and consumers, but also the government, banks, and financial institutions. The research report titled ‘Global Network Payment Services Market: Procurement Intelligence…

Synchrony Inks Belk Credit Cards with Retailer Rewards

Synchrony Financial, and Belk, a private department store company, inked a multi-year renewal of Synchrony Financial’s consumer financing program. Belk operates department stores in 16 Southern states as well as belk.com and offers a wide assortment of national brands and private label fashion apparel, shoes, and accessories. Synchrony Financial has provided a consumer financing program…