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

Cap One Clobbers the U.S. Big 4 Card Issuer Peer Group

Cap One Clobbers the U.S. Big 4 Card Issuer Peer Group

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. Gross Dollar Volume (GDV) among the top four bank card issuers, rose an estimated 8.6% year-on-year (YOY) and 4.7% sequentially in the fourth quarter (4Q/15).  Capital One grew more than twice the other three top issuers. The top four U.S. issuers racked up an estimated $322.5 billon in GDV for…

Credit Card Yield Remains Solid Despite Wobbly Metrics

Credit Card Yield Remains Solid Despite Wobbly Metrics

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The average yield among the nations’s top six bank credit card issuers came in at 11.30% for the fourth quarter (4Q/15), compared to 11.26% in the prior quarter, and 11.12% for 4Q/14. Capital One (COF), the nation’s fastest growing major credit card issuer, again posted the highest yields, besting the average…

MasterCard International Debit Consistently Exploding

MasterCard International Debit Consistently Exploding

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Visa and MasterCard international payment card (credit + debit) purchase dollar volume (PDV) for the fourth quarter (4Q/15) posted US$1151 billion. Visa and MasterCard international credit card PDV for 4Q/15 posted US$887 billion. Visa and MasterCard international debit card PDV for 4Q/15 posted US$264 billion. On a currency adjusted (FX) basis,…

International Debit Cards Drive Global Card Growth

International Debit Cards Drive Global Card Growth

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Global payment cards-in force (CIF) [credit + debit] grew by 5.8% year-on-year (YOY) in the fourth quarter (4Q/15) to 4225 million. The growth has been largely driven by Visa and MasterCard’s international “inclusion” drive with debit (& prepaid) cards.
 Visa and MasterCard U.S. credit CIF rose 8.7% YOY from 485 million…

Tangerine Money-Back Rewards MasterCard to Rock Canada

Tangerine Money-Back Rewards MasterCard to Rock Canada

Tangerine, an independent, wholly-owned subsidiary of Scotiabank, is taking its new Money-Back MasterCard Credit Card to the national level in Canada. The new card offers 4% Money-Back Rewards for the first three months in two categories of choice and 1% Money-Back Rewards on all other purchases, with no annual fee. Tangerine’s Money-Back categories include restaurants,…

MasterCard Ankles New President of U.S. Issuers.

MasterCard Ankles New President of U.S. Issuers.

MasterCard has ankled Raj Seshadri as president, U.S. Issuers. Most recently, Seshadri was a managing director at Blackrock, leading the company’s iShares U.S. retail ETF business. At MasterCard, she will be responsible for managing and expanding the company’s partnerships with banks and credit unions across the U.S. market. Earlier in her career, Seshadri held roles…

Consumers - Not Just Merchants & FIs - Suffer From CNP Fraud

Consumers – Not Just Merchants & FIs – Suffer From CNP Fraud

While not widely discussed, CNP credit and debit card fraud creates cardholder anxiety and negatively affects consumers’ online shopping behaviors, much to the detriment of FIs and e-commerce merchants. A new study from Tender Armor, in partnership with Sparks Research, also found 78% of online shoppers want more protection for their payment card data when…

CPI; PROPAY; NAB; and SIONIC

In Other News: CPI (ICMA); PROPAY (Samsung Pay); NAB (exec); and SIONIC (ION). CPI – CPI Card Group, a global specialist in financial and EMV chip card production and related services, announced 24 employees have recently passed the International Card Manufacturers Association’s (ICMA) Advanced Card Education Manufacturing (ACE-M) accreditation and/or the Advanced Card Education Personalization…

7 Early Warning Red Flags for Card Investors & Issuers

7 Early Warning Red Flags for Card Investors & Issuers

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] While credit card investors have access to issuer financial statements, regulatory filings, conference calls, and annual reports, there are many red flags not apparent, masking potential risk. Robert Hammer, Founder and CEO at R.K. Hammer & Card Knowledge Factor, ticks off the seven early warning signs to look for in any…

US Network Gross Credit Card Accounts to Top 500MM

US Network Gross Credit Card Accounts to Top 500MM

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Total U.S. gross accounts (GAC) in the fourth quarter (4Q/15) for Visa, MasterCard, American Express and Discover U.S. credit cards was up 6.6% year-on-year (YOY). At the end of 4Q/15, there were 498.5 million U.S. credit GAC compared to 491.0 million for 3Q/15, and 467.5 million for 4Q/14. 
Visa U.S. credit…