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…
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 million for 4Q/15, compared…
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 loss declined from SEK…
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 YOY growth in CIF.…
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…
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 349,000 connections and 288,000…
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 6.2% YOY and debit…
International payment cards-in-force (CIF) for Visa and MasterCard increased 7.1% year-on-year (YOY) in the fourth quarter (4Q/15). International debit card CIF rose 9.1% YOY, while international credit card CIF increased 4.2% YOY. MasterCard’s international debit card CIF YOY is growing more than seven times Visa’s international debit CIF. International payment card CIF at the end…
In Other News: YOOBIC (award); BLUEPOINT (Surety); MOOVEL (merger); and THREATMETRIX (release). YOOBIC – The Accenture Consumer Innovation Awards has selected US-based Yoobic’s mobile solution that helps brands and retailers monitor in-store execution by enabling data to flow instantly between point of sales and headquarters, giving the retailer feedback and control over in-store activities. The solution…
Gross or open accounts (GAC) for U.S. credit cards among the Big 6 U.S issuers edged up 0.4% year-on-year (YOY) in the fourth quarter (4Q/15) to 270.7 million, compared to 272.0 million in the prior quarter, and 269.7 million one-year ago. The growth is driven by Capital One and American Express (AmEx), while Chase, Bank…
U.S. Credit Cards-in-Force (CIF) among the Big 6 issuers were up 1.7% year-on-year (YOY) at the end of the fourth quarter, up 5.9 million cards to 354.3 million cards. Capital One posted the largest gain, followed by American Express and Discover. The other three showed flat growth or a contraction in their card base. Chase…