Malauzai’s Takes SmartApps to Next Level with MOX

Malauzai’s Takes SmartApps to Next Level with MOX

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Malauzai Software takes its SmartApps for community financial institutions to the next level as part of its Mobile Only Experience (MOX) created to deliver consistency across all screens for consumers, businesses and branch employees. The latest enhancements include an updated design and user experience with expanded navigational tools, dynamic personalization and advanced…

Visa Leads the Major 4 Networks in U.S. PDV Growth

Visa Leads the Major 4 Networks in U.S. PDV Growth

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Purchase dollar volume (PDV) for Visa, MasterCard, American Express and Discover cards (credit + debit) in the U.S. climbed 8.4% year-on-year (YOY) in 4Q/15 reaching a record $1253 billion.  Visa led the way in the fourth quarter posting a 9.5% YOY gain for U.S. PDV. Visa reported fourth quarter PDV of…

Kount & Recurly Team to Combat Subscription CNP Fraud

Kount & Recurly Team to Combat Subscription CNP Fraud

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Recurly is teaming with Kount to offer anti-fraud services focused on the needs of subscription-based merchants. Together, Kount and Recurly protect the revenue of subscription-based businesses from the losses and operational overhead caused by card-not-present fraud. Credit card fraud, especially the category of card-not-present (CNP) fraud, is a major concern for…

Visa CEMEA 4Q Card Metrics Soften Except for PTX

Visa CEMEA 4Q Card Metrics Soften Except for PTX

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Visa’s Central Europe – Middle East – Africa (CEMEA) region performance continues to soften as all value metrics continue to point downward. However, the number of purchase transactions continued to soar, while the number of accounts and cards have remained stable. Gross Dollar Volume (GDV), FX-adjusted, declined in the fourth quarter…

COF Soaring Charge-Offs Drives Down Big 6 Issuer Avg

COF Soaring Charge-Offs Drives Down Big 6 Issuer Avg

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Charge-offs among the nation’s top 6 issuers inched were down 22 basis points (bps) year-on-year (YOY) to 2.70% for the fourth quarter (4Q/15), but up 13 bps sequentially. While Citibank has done the best job of reigning in card losses, dropping 31 bps, compared to 4Q/14, Capital One 4Q/15 charge-offs are…

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Equifax Predictor Inclusion Score Coming to LAC

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Cignifi and Equifax have inked a multi-year partnership to help Equifax expand its credit scoring capabilities in Latin America. The agreement will leverage Cignifi’s analytics and technology to assess creditworthiness, propensity, and risk based on mobile phone usage data that is provided with explicit consumer consent. Cignifi’s technology will enable Equifax…

Visa & MC US Credit Cards Outpace Debit Cards by 4X

Visa & MC US Credit Cards Outpace Debit Cards by 4X

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. cards-in-force (CIF) for Visa and MasterCard payment cards (credit & debit) increased 5.0% year-on-year (YOY). U.S. credit cards increased 8.7% YOY while CIF for debit cards rose 2.2% YOY, in the fourth quarter (4Q/15). There are were 1182 million Visa and MasterCard payment cards in circulation in the U.S. for…

MC Leads the Major 4 Networks in Global GDV Growth

MC Leads the Major 4 Networks in Global GDV Growth

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Gross dollar volume (GDV) for Visa, MasterCard, American Express and Discover cards (credit + debit) globally was flat year-on-year (YOY) on a nominal dollars basis, for the fourth quarter (4Q/15). However, on a currency adjusted basis (FX) global GDV for the fourth quarter increased 9.8% YOY.  The major four networks posted…

Visa Leads the Major 4 Networks in U.S. GDV Growth

Visa Leads the Major 4 Networks in U.S. GDV Growth

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Gross dollar volume (GDV) for Visa, MasterCard, American Express and Discover cards (credit + debit) in the U.S. climbed 8.1% year-on-year (YOY) in 4Q/15 reaching a record $1443 billion.
 Visa led the way in the fourth quarter posting a 8.9% YOY gain for U.S. GDV.

Visa reported fourth quarter GDV of $841…

Smart Token Chain Connects Blockchain & Payment Systems

Smart Token Chain Connects Blockchain & Payment Systems

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The new Smart Contract Settlement Exchange connects diverse banking and other payments systems worldwide without requiring each institution to integrate to hundreds of upcoming proprietary blockchain payment systems. Smart Token Chain gives financial institutions the ability to create fully proprietary ledger systems and smart contract tools, yet easily exchange transaction and…