GAC 2015 Bitsy Growth Thanks to Cap One & AmEx

GAC 2015 Bitsy Growth Thanks to Cap One & AmEx

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] 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…

CARDFLIGHT; CHARGEBACKS911; CONFORMANCE; and WORLDREMIT.

In Other News: CARDFLIGHT (Miura); CHARGEBACKS911 (Target); CONFORMANCE (products); and WORLDREMIT (AU). CARDFLIGHT – CardFlight, a mobile point of sale (POS) technology provider, and Miura Systems, the global leading provider of innovative secure electronic payment hardware, are announcing a partnership to offer a new mPOS solution in the United States market via CardFlight’s mobile POS…

Marvel’s Super Heroes Fans Get Empowered

Marvel’s Super Heroes Fans Get Empowered

Synchrony Financial has been on a product roll-out binge with the latest: the Marvel MasterCard with cashback rewards. Qualifying cardholders earn 3% cashback for purchases made on select entertainment, dining, and online at marvel.com and Marvel’s official merchandise booths. Cardholders can also earn 1% cashback rewards on all other Marvel MasterCard purchases1. All cashback rewards…

Collaborative Fintech Gaining Ground Over Disruptors

Collaborative Fintech Gaining Ground Over Disruptors

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Global investment in fintech ventures in the first quarter reached $5.3 billion, a 67% increase over the same period in 2015, and the percentage of investments going to fintech companies in Europe and Asia-Pacific nearly doubled to 62%. ARTICLE: Global investment in fintech ventures in the first quarter reached $5.3 billion,…

CMS; CA; VANCO; and GREEN DOT.

In Other News: CMS (investors); CA (Nationwide); VANCO (ACS); and GREEN DOT (Board). CMS – A group of investors including GCP Capital Partners, Western Heritage Capital, and Performance Equity Management have acquired a significant stake in Complete Merchant Solutions, a provider of merchant acquisition services, credit card/debit card transaction processing services, and payment solutions. Terms…

U.S. Credit CIF Up 1.7% YOY Driven By COF & AXP

U.S. Credit CIF Up 1.7% YOY Driven By COF & AXP

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] 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…

WEX Fleet SmartHub Mobile App Offers Real-Time Control

WEX Fleet SmartHub Mobile App Offers Real-Time Control

Corporate payment solutions provider, WEX, has introduced a new mobile app enabling business managers access to their account information anytime and anywhere. Fleet SmartHub also helps improve efficiencies, reduce late fees, gain valuable insights and control unauthorized driver spending. The first-of-its-kind mobile app, SmartHub provides convenient, real-time access to features that allow fleet managers the…

Infinite Peripherals’ DPP-255 Mobile Printer Hits 5th Gear

Infinite Peripherals’ DPP-255 Mobile Printer Hits 5th Gear

Infinite Peripherals’ new DPP-255 mobile printer hits the market offering a high-speed receipt plus label printer. This MFi-certified compact unit has a print speed of 100mm/s, and supports iOS, Android and Windows. Among the fastest mobile printers in its class, the DPP-255 supports the iPad®, iPhone and iPod touch, along with devices running Android and…

Diners Club GDV Still Sliding YOY; Improved 50bps in 4Q

Diners Club GDV Still Sliding YOY; Improved 50bps in 4Q

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Gross dollar volume (GDV) for licensees of Discover-owned Diners Club International declined 2.5% year-on-year (YOY) in the fourth quarter (4Q/15) to $6.76 billion. The rate was down slightly from the third quarter’s 3.0% declined. Over the past five quarters Diners GDV ranged between $6.47 billion and $6.76 billion. After peaking at…

V+M Intl Gross Accounts Up 9.7% Driven by Debit

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Visa and MasterCard international gross (open) payment card accounts (GAC) for the fourth quarter (4Q/15) grew 9.7% year-on-year (YOY). International credit GAC was up 3.5% YOY and international debit GAC soared 13.9% in 4Q/15. Totally Visa and MasterCard reported 2701 million payment card GACs for 4Q/15, compared to 2607 million for…

Chase Becomes First U.S. Issuer to Top $1B in Q Profit

Chase Becomes First U.S. Issuer to Top $1B in Q Profit

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Profits (after tax) among the nation’s top four bank credit card issuers rose 3.4% in the fourth quarter (4Q/15), compared to one year ago (YOY), but down 0.3% sequentially (QTQ). 
Aggregate card after tax profits for the top four issuers logged in at $2826 million for 4Q/15, compared to $2834 million…