In 2015, ACH transaction volume grew to more than 24 billion electronic payments, an increase of 1.3 billion payments or 5.6% year-on-year (YOY).This increase marks the second consecutive year in which ACH payments grew by more than 1 billion. According to statistics from NACHA — The Electronic Payments Association, a total of more than $41.6…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] International purchase transactions (PTX) for Visa and MasterCard credit and debit cards grew by 17.6% year-on-year (YOY) in the fourth quarter (4Q/15). International PTX for credit cards increased 11.9% YOY while international PTX for debit cards soared 27.4% YOY in 4Q/15. In the fourth quarter gross international payment card PTX for…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] International gross transactions (GTX) for Visa and MasterCard credit and debit cards grew by 16.9% year-on-year (YOY) in the fourth quarter (4Q/15). International GTX for credit cards increased 11.3% YOY while international GTX for debit cards soared 19.5% YOY in 4Q/15. In the fourth quarter gross international GTX for Visa and…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Germany’s Wincor Nixdorf reports a 48% year-on-year (YOY) surge in profits for the fourth calendar quarter (4Q/15). Revenues climbed 13.6% YOY in 4Q/15 or 12.0% when adjusted for local currency (FX). The proposed merger with U.S.-based Diebold continues on track. Revenues for 4Q/15 were €727 million, compared to €640 million for…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] GA-based FleetCor Technologies (FLT), a major provider of fuel cards and workforce payment products to businesses, reported total revenues increased 14.3% year-on-year (YOY) for the fourth quarter (4Q/15) as net income declined sharply by -51.8% YOY, due to two one-off expenses. North America transactions soared 57.7% YOY while international transactions declined…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. bank credit card active accounts (AAC) (accounts with sales activity), among the top six U.S. issuers, slipped 2.5% year-on-year (YOY) in the fourth quarter (4Q/15). Capital One was the only issuer to post a positive YOY AAC gain in 4Q/15. Citibank had the sharpest decline. There were 157.5 million active…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Western Union (WU) fourth quarter (4Q/15) GAAP revenues, on a currency adjusted basis (FX), declined 1.3% year-on-year (YOY), while GAAP net income slipped 4.2% YOY. WU consumer-to-consumer (C2C) GAAP revenues FX declined 1.7% YOY, while consumer-to-business (C2B) GAAP revenues FX declined 5.8% YOY WU reported total GAAP Revenues FX of $1453.9…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Sweden-based Seamless posted fourth quarter (4Q/15) net revenue of SEK 78.9 million, an increase of 39.2% year-on-year (YOY). Net revenues for SEQR business division rose 7.3% YOY to SEK 2.05 million. The Seamless operating loss declined from SEK 50.8 million in 4Q/14 to SEK 32.8 million for 4Q/15. The SEQR operating…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. Credit Cards-in-Force (CIF) among the Top 4 issuers edged up by a mere 1.0% year-on-year (YOY) at the end of the fourth quarter (4Q/15) to a largely estimated 232.9 million cards. Capital One blew the other three top issuers away in the fourth quarter, as the only issuer with positive…
Less than one-half of U.S. businesses are optimistic about the future. The dim outlook is tied to factors like the turbulent presidential campaign and the “will they or won’t they” Federal Reserve. According to the first quarter 2016 results of the Grant Thornton International Business Report, throughout the world, businesses are more pessimistic, with only…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] PA-based small-ticket, self-serve specialist, USA Technologies (USAT), posted fourth calendar quarter (4Q/15) total revenue of $18.5 million, a year-over-year (YOY) increase of 44.5%. Net income sunk to a net loss of $874,000 in 4Q/15. At the end of the fourth quarter USAT had 369,000 connections, up 28% YOY. In 3Q/15 USAT reported…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Cash transactions (CTX) for Visa and MasterCard U.S. credit and debit cards in the U.S. grew by 2.0% year-on-year (YOY) in the fourth quarter (4Q/15). U.S. 4Q/15 credit card cash transactions were up 8.3% YOY, while U.S. debit card CTX increased 1.9%. Visa’s 4Q/15 CTX for U.S. credit cards was up…
