Robert McKinley, Senior Analyst/Editor Robert McKinley, with 33 years experience covering payment cards and payment systems, is Senior Analyst/Editor for CardFlash and other payments-related publications. He is the retired founder and chief executive of RAM Research, CardWeb and CardTrak. McKinley served as an expert witness in 100+ litigations including two multi-$billion trials, testified before the U.S. Congress, chaired multiple payments conferences, hired as consultant by Fortune 100 companies and several overseas financial institutions. Full Bio: www.rbm4.com

Accion Invests in Aire to Accelerate Thin File Lending

Accion Invests in Aire to Accelerate Thin File Lending

UK-based financial inclusion specialist Accion has inked an investment deal with Aire, a UK-based credit scoring startup. Aire uses a proprietary artificial intelligence process to ultimately help banks lend to new, qualified borrowers. During an online interview, the company’s collects and validates applicant-provided data to evaluate profession, education, and financial knowledge. Accion made the investment…

MC Intros First m-Wallet Service in Japan with JACCS Card

MC Intros First m-Wallet Service in Japan with JACCS Card

MasterCard now has its first mobile wallet service in Japan. The new JACCS Card is powered by MasterCard contactless technology. MasterCard is enabling secure, convenient mobile payments for Japanese cardholders with NFC-equipped smartphones issued by NTT DOCOMO, KDDI and SoftBank. Starting this month, cardholders can sign up with JACCS MasterCard Contactless Mobile at the JACCS…

Citi’s Retail Credit Card Metrics Wobble in 4Q/15

Citi’s Retail Credit Card Metrics Wobble in 4Q/15

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Citibank’s average yield for its U.S. retail credit card portfolio dropped 45 basis points (bps) in the fourth quarter (4Q/15), compared to the prior quarter, and down 31 bps year-on-year (YOY) to 16.49%. The net interest revenue (NIR) ratio, which includes some fees, also declined by 28 bps sequentially for 4Q/15,…

COF’s Whopping 18% PDV Gain Pushes Top 4 +8.7%

COF’s Whopping 18% PDV Gain Pushes Top 4 +8.7%

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. Purchase Dollar Volume (PDV) among the top four bank card issuers, rose 8.7% year-on-year (YOY) and 4.7% sequentially in the fourth quarter (4Q/15). Capital One grew more than twice YOY than the peer group total. The top four U.S. issuers racked up $307.3 billon in PDV for 4Q/15, compared to…

MasterCard’s APMEA PDV Growth Slows; CDV Remains Strong

MasterCard’s APMEA PDV Growth Slows; CDV Remains Strong

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] MasterCard’s Asia Pacific Middle East Africa (APMEA) region Purchase Dollar Volume (PDV) growth edged down year-on-year (YOY) to 13.3%, on a currency adjusted basis (FX) in the fourth quarter (4Q/15) to US$246 billion, compared to a 14.9% YOY growth rate in 4Q/14. Based on PDV, the APMEA region produces the largest…

V+M PTX +11% YOY; Avg Credit TX $83 and Debit TX $37

V+M PTX +11% YOY; Avg Credit TX $83 and Debit TX $37

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Purchase transactions (PTX) for Visa and MasterCard credit and debit cards in the U.S. grew by 11.4% year-on-year (YOY) in the fourth quarter (4Q/15) to 19.9 billion. 
U.S. purchase transactions for Visa and MasterCard credit cards came in at 6388 million for 4Q/15, compared to 6133 million for the prior quarter and…

TSYS; YAPSTONE; BLUEPOINT; and FLOK

In Other News: TSYS (Alerts); YAPSTONE (award); BLUEPOINT (paper); and FLOK (LoyalBlocks). TSYS – TSYS will provide the payment providers its services across Europe with TSYS Alerts, a solution that helps cardholders monitor their accounts and prevent fraudulent activity with real-time, on-demand information using cardholder-driven communication preferences that include push notifications, SMS text messaging, voice…

Square Revenue Accelerates to the Stratosphere

Square Revenue Accelerates to the Stratosphere

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Square reported total revenue of $1267.1 million for full year 2015, a stunning 49.0% year-on-year (YOY) increase over the same period in 2014. For the fourth quarter (4Q/15) total revenue soared by 49.2% YOY to $374.4 million. Gross Payment Volume (GPV) increased 47% YOY to $10.2 billion. For the full year…

Card Network Profits Leap 20% YOY Topping $4B in 4Q

Card Network Profits Leap 20% YOY Topping $4B in 4Q

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Profits for the top four networks rose 20.1% year-on-year (YOY) in the fourth quarter (4Q/15). Visa, MasterCard, American Express and Discover reported a combined 4Q/15 profit of $4130 million, compared to $3895 million for 3Q/15 and $3439 for 4Q/15. Visa and Discover profits jumped 24% YOY in 4Q/15, compared to 20%…