U.S. Gross Dollar Volume (GDV) among the big six U.S. bank card issuers, rose an estimated 10.0% year-on-year (YOY) in the first quarter (1Q/17). The growth was driven by Citibank offset somewhat by an American Express decline, according to CardData. Citibank grew four-fold over the second highest gainer in the peer group, Chase. Chase, Bank of…
U.S. Cash Dollar Volume (CDV) for Visa and Mastercard (credit + debit) in the first quarter (1Q/17) grew at an annual rate (YOY) of 1.1%. The growth was driven by Visa debit cards, according to CardData. Visa and Mastercard reported $187 billion in 1Q/17 CDV for payment cards, compared to $186 billion in the prior…
When it comes to mobile apps Capital One ranked highest in the retail bank category while Discover ranked highest in overall satisfaction in the credit card category. According to the “J.D. Power 2017 U.S. Banking App and U.S. Credit Card App Satisfaction Studies”: • Ease of use/navigation is the most heavily weighted driver of satisfaction among…
Six out of 10 survey respondents (including 55% with a CFO title) had seen both the number and dollar amount of credit card chargebacks increase since the introduction of EMV chip cards. Furthermore, 64% of those surveyed (including 62% of CFO-titled respondents) measured increases in both the number and dollar amount of credit card chargebacks…
A new machine learning fraud score helps prevent fraud while reducing false-positives and improving customer experience. TSYS has teamed with Featurespace to launch TSYS Foresight Score with Featurespace. Foresight Score is a fraud and risk scoring tool that allows software to learn over time without being explicitly programmed — to bolster an issuer’s ability to…
GasBuddy, the only smartphone app connecting 65 million drivers with their Perfect Pit Stop, as buddied with corporate payment solutions provider, WEX. The partnership will focus on innovations that bring added convenience and savings to the more than 200 million driving consumers in the United States that fill up at retail gasoline stations, and represents…