Western Union C2C Transactions +3% YOY; Mobile Hot

Western Union C2C Transactions +3% YOY; Mobile Hot

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Western Union (WU) first quarter (1Q/16) GAAP revenues, on a currency adjusted basis (FX), declined 3.8% year-on-year (YOY), while GAAP net income slipped 8.9% YOY. WU consumer-to-consumer (C2C) GAAP revenues FX declined 4.8% YOY, while consumer-to-business (C2B) GAAP revenues FX declined 7.9% YOY WU reported total GAAP Revenues FX of $1355.1…

Despite Unfavorable Macro-Environment FLT 1Q Strong

Despite Unfavorable Macro-Environment FLT 1Q Strong

[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 first quarter (1Q/16) profits jumped 17% year-on-year (YOY) as domestic and international transactions also posted double-digit YOY gains in 1Q/16. FleetCor says its fundamentals were strong, organic revenue growth was approximately 9% in the…

GPN 1Q Steady Ahead of its Big 2Q Merger with HPS

GPN 1Q Steady Ahead of its Big 2Q Merger with HPS

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Atlanta-based Global Payments (GPN) reported first calendar quarter (1Q/16) [fiscal third quarter] gross revenues grew 2.2% year-on-year (YOY), while net income rose 10.4% YOY. Revenues for North America increased 1.1% YOY. GPN is gearing up for its merger with Heartland Payments Systems (HPS) in the second quarter. GPN will acquire HPS…

DataCap TranCloud Engineered Specifically for mobile/browser POS

DataCap TranCloud Engineered Specifically for mobile/browser POS

Datacap Systems has unveiled a new EMV-enabled payments solution for mobile and browser-based Point of Sale (POS) providers. The new TranCloud is engineered specifically for mobile/browser POS. Datacap’s unique cloud approach with small footprint hardware allows POS systems to process transactions through a variety of payment processors while simultaneously driving a range of PIN pad…

AmEx Surviving Cobrand Losses as US CIF +6.4% YOY

AmEx Surviving Cobrand Losses as US CIF +6.4% YOY

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The impact of the loss of the U.S. Costco and JetBlue programs is manifesting itself in the American Express (AmEx) U.S. Card Services (USCS) unit during the first quarter (1Q/16). However, AmEx continues to open new accounts at a record clip. Revenue and income were up slightly year-on-year (YOY) as outstandings…

Sezzle to Get Some Sizzle at FinovateSpring Next Week

Sezzle to Get Some Sizzle at FinovateSpring Next Week

Sezzle’s bank-to-bank payments technology will breakthrough next week at the FinovateSpring 2016 event in San Jose. Sezzle’s technology allows for an alternative low-cost payment method at checkout – effectively halving the cost of traditional credit and debit card merchant processing – all via bank to bank payment technology. At checkout, Sezzle allows consumers to link…

Synchrony Retail Cards Continue to Bulldoze Profits

Synchrony Retail Cards Continue to Bulldoze Profits

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Synchrony Financial’s retail credit card business revenues posted a huge 14.7% year-on-year (YOY) gain for the first quarter (1Q/16) to $2.03 billion. During the quarter Synchrony renewed the Stein Mart and La-Z-Boy programs; signed a partnership with Marvel to offer Marvel MasterCard and co-promote Synchrony Bank’s deposit products; launched the Citgo…

Despite -23% Fuel Prices WEX 1Q Rev +12% FX; TX +9%

Despite -23% Fuel Prices WEX 1Q Rev +12% FX; TX +9%

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] ME-based fuel card kingpin, WEX, reported first quarter (1Q/16) total revenue inched up 1.8% year-on-year (YOY), however net income rose 3.6% YOY in 1Q/16. Total revenue was $205.9 million for 1Q/16, compared to $212.6 million in 4Q/15, and $202.3 million for 1Q/15. WEX notes adjusting for constant currency (FX), fuel prices,…