ME-based fuel card kingpin, WEX, reported fourth quarter (4Q/15) total revenue inched up 0.3% year-on-year (YOY), while net income dropped by -54.7% YOY in 4Q/15. Total revenue was $212.6 million for 4Q/15, compared to $226.1 million in 3Q/15, and $211.9 million for 4Q/14. Net income was $21.4 million for 4Q/15, compared to $32.2 million in…
U.S. gross transactions (GTX) for Visa and MasterCard credit and debit cards grew by 10.7% year-on-year (YOY) in the fourth quarter (4Q/15). U.S. GTX for credit cards jumped 11.3% YOY while U.S. GTX for debit cards increased 10.4% YOY in 4Q/15. Visa’s U.S. GTX for credit cards rose 11.0% YOY as U.S. GTX for debit…
Profits (after tax) among the nation’s Big 6 U.S. credit card issuers jumped 8.5% in the fourth quarter (4Q/15), compared to one year ago (YOY) but, declined 2.7% sequentially (QTQ). Aggregate card after tax profits for the Big 6 issuers logged in at $4125 million for 4Q/15, compared to $4240 million in 3Q/15 and $3803…
Citibank’s international credit card portfolio continued to contract in the fourth quarter (4Q/15). The number of open or gross accounts (GAC) declined 100,000 in the Latin America region (LAC) and by 200,00 in Asia. On a non-currency adjusted basis, Citibank LAC purchase dollar volume (PDV) declined to $6.7 billion from $7.6 billion one-year ago. On…
Dallas-based Alliance Data Systems reported fourth quarter (4Q/15) revenue increased 16.9% year-on-year (YOY) to $1749 million. Net income skyrocketed 157% to $172 million for 4Q/15. For the fourth quarter Card Services revenue rose 20% to $785 million; Epsilon revenue increased 38% to $608 million; and LoyaltyOne revenue decreased 9% to $364 million, but up 6% on…
After repositioning its U.S. to U.S. business following the loss of the Walmart account MoneyGram continues to turn the corner in the fourth quarter (4Q/15). MoneyGram total revenues climbed 7.8% year-on-year (YOY) to $376.7 million. However, net income fell sharply by 75.2% YOY to $2.6 million. MoneyGram notes it posted double-digit transaction growth in U.S.…
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…
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 Visa and MasterCard came…
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 MasterCard came in at…
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 4Q/14. Profits for 4Q/15…
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 5.8% YOY. FLT revenues…
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 bank credit card accounts…