[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] MasterCard’s cross-border transaction volume, on a currency adjusted basis (FX), exploded in the first quarter (1Q/16) outpacing Visa for the first time by 130 basis points (bps) year-on-year (YOY). Sequentially, quarter-to-quarter (QTQ), MasterCard scored a 540 bps YOY gain, compared to Visa’s 100 bps gain YOY. Cross-border volume refers to payments…
Wirecard Singapore and Network For Electronic Transfers (Singapore) will collaborate to provide a single terminal payment solution for Singapore government agencies. The move will enable users of the services of Singapore government agencies to use their CEPAS cards such as NETS FlashPay, EZ-Link and concession cards on one single device. Paying by a wave of…
Oberthur Technologies released its supply of White Label Independent Secure EMV (WISE) Solution to SIX Payment Services, one of Europe’s largest card transaction processors and market leader in Switzerland, Austria and Luxembourg, in the framework of the EMVI’16. EMVI’16 new chip specification, on behalf of Swiss debit card issuers, facilitates the transition from contact to…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] A new report finds every dollar of fraud in 2016 cost merchants $2.40, up from $2.23 a year ago. According to the LexisNexis 2016 True Cost of Fraud report, the volume of fraud has risen sharply in the last year—from a monthly average of 156 to 206 successful fraudulent transactions, and…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] New research shows eight out of ten U.S. card holders believe co-branded cards offer as much or more value than bank-issued rewards cards, but they want more … much more. According to Oliver Wyman and its annual Transport & Logistics Journal, co-branded travel cards may not be rewarding enough. Other findings…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The recent April bump up in the charge-off ratio for retail credit cards may be short-lived despite the recent lags in U.S. economic growth. Fitch Ratings says retail charge-offs should rise in the next month, but Fitch does not expect this change to carry into the longer term or spread to…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Citibank’s international credit card business in the Latin America Caribbean (LAC) region continues to struggle in the first quarter (1Q/16) as all metrics are negative year-on-year (YOY) and quarter-to-quarter (QTQ). After currency adjusted (FX) Citi LAC posted flat revenue and negative income. In the Asia (AP) region, which also includes the…
MasterCard is going back to future introducing the first commerce application for SoftBank Robotics’ humanoid robot Pepper. The application will be powered by MasterPass. Pizza Hut Restaurants Asia P/L will be the inaugural launch partner working with MasterCard. A major first step forward in bringing conversational commerce experiences to merchants and consumers, this new app…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Purchase dollar volume (PDV), currency adjusted (FX), in the Latin American Caribbean (LAC) region has been rising steadily for Visa, while MasterCard has been gradually declining, over the past five quarters. However, for the first quarter (1Q/16) LAC card issuance for MasterCard is rising by double-digits year-on-year (YOY), while Visa’s LAC…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Purchase dollar volume (PDV) in Canada for Visa and MasterCard has been plummeting over the past five quarters, however card issuance in the first quarter (1Q/16) for both networks remained in double-digits year-on-year (YOY). For 1Q/16, Visa posted a 210 basis points (bps) decline YOY in PDV, while MasterCard reported a…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Capital One’s (COF) international (U.K.) credit card average yield and interest margin soared quarter-to-quarter (QTQ), and year-on-year (YOY) in the first quarter (1Q/16). However, other COF international credit card portfolio metrics soften and headed south for the quarter, particularly delinquency and charge-offs. COF gross revenues for the international card business edged…
In Other News: BLUESNAP (merchants); NCR (Bankia Spain); PROGREXION (FICO); and TSYS (Featurespace). BLUESNAP – BlueSnap released the Cleanse Report to help merchants analyze their sales traffic and develop an action plan to optimize their sales funnel. So much effort goes into converting shoppers into buyers – advertising, marketing, website and checkout page localization, payments…
